Report Update Nov 1, 2024

Republic of Korea - Frozen Salmonoids - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Republic of Korea: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Republic of Korea

In 2020, the South Korean frozen salmonoids market decreased by -X% to $X for the first time since 2014, thus ending a five-year rising trend. Over the period under review, consumption, however, saw a deep downturn. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Salmonoids Production in Republic of Korea

In value terms, frozen salmonoids production dropped to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Frozen Salmonoids Exports

Exports from Republic of Korea

In 2020, shipments abroad of frozen salmonoids decreased by -X% to X tons, falling for the eighth consecutive year after six years of growth. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports dropped significantly to $X in 2020. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Togo (X tons) was the main destination for frozen salmonoids exports from South Korea, with a X% share of total exports. It was followed by Mongolia (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Togo stood at -X%.

In value terms, the largest markets for frozen salmonoids exported from South Korea were Mongolia ($X) and Togo ($X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average frozen salmonoids export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Togo stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia.

Frozen Salmonoids Imports

Imports into Republic of Korea

In 2020, purchases abroad of frozen salmonoids decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen salmonoids imports dropped sharply to $X in 2020. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, New Zealand (X tons) was the main frozen salmonoids supplier to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand stood at +X%.

In value terms, New Zealand ($X) constituted the largest supplier of frozen salmonoids to South Korea.

From 2007 to 2020, the average annual growth rate of value from New Zealand totaled +X%.

Import Prices by Country

In 2020, the average frozen salmonoids import price amounted to $X per ton, which is down by -X% against the previous year. In general, the import price, however, posted temperate growth. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2007 to 2020, the rate of growth in terms of prices for New Zealand amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen salmonoids in the world?

The countries with the highest volumes of frozen salmonoids consumption in 2020 were the U.S., India and Pakistan, together comprising 55% of global consumption. These countries were followed by Togo, Guinea-Bissau, Mali, Thailand, Saudi Arabia, Myanmar, Cameroon, Mauritania, Canada and Bangladesh, which together accounted for a further 36%.

What are the largest producers of frozen salmonoids in the world?

The countries with the highest volumes of frozen salmonoids production in 2020 were the U.S., India and Mauritania, with a combined 61% share of global production.

What are the leading suppliers of frozen salmonoids to Republic of Korea?

In value terms, New Zealand constituted the largest supplier of frozen salmonoids to South Korea.

What are the leading importers of frozen salmonoids from Republic of Korea?

In value terms, Mongolia and Togo appeared to be the largest markets for frozen salmonoids exported from South Korea worldwide.

What is the average export price for frozen salmonoids in Republic of Korea?

The average frozen salmonoids export price stood at $2,160 per ton in 2020, which is down by -13.2% against the previous year.

What is the average import price for frozen salmonoids in Republic of Korea?

In 2020, the average frozen salmonoids import price amounted to $5,115 per ton, declining by -9.9% against the previous year.

This report provides an in-depth analysis of the frozen salmonoids market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023