Report Update Nov 1, 2024

Republic of Korea - Herring, Salted or in Brine - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Republic of Korea

The South Korean market for herring, salted or in brine reduced to $X in 2022, shrinking by -6.7% against the previous year. In general, consumption continues to indicate a slight slump. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Herring, Salted Or In Brine in Republic of Korea

In value terms, herring, salted or in brine production dropped to $X in 2022 estimated in export price. In general, production saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 86% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports from Republic of Korea

In 2022, approx. X kg of herring, salted or in brine were exported from South Korea; with a decrease of -98.1% against 2021. Overall, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2013 with an increase of 345% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, herring, salted or in brine exports declined markedly to $X in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 304%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for herring, salted or in brine exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for herring, salted or in brine exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

The average export price for herring, salted or in brine stood at $X per ton in 2022, increasing by 1,710% against the previous year. In general, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +21.6% per year.

Imports of Herring, Salted Or In Brine

Imports into Republic of Korea

After five years of growth, purchases abroad of herring, salted or in brine decreased by -42.3% to X tons in 2022. Over the period under review, imports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of 130% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, herring, salted or in brine imports fell markedly to $X in 2022. Overall, imports recorded a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by 53%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Lithuania (X tons) was the main supplier of herring, salted or in brine to South Korea, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania totaled +39.7%.

In value terms, Lithuania ($X) constituted the largest supplier of herring, salted or in brine to South Korea.

From 2012 to 2022, the average annual growth rate of value from Lithuania stood at +57.6%.

Import Prices by Country

The average import price for herring, salted or in brine stood at $X per ton in 2022, with an increase of 46% against the previous year. Overall, the import price, however, recorded a perceptible reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +12.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herring, salted or in brine in the world?

China constituted the country with the largest volume of herring, salted or in brine consumption, comprising approx. 20% of total volume. Moreover, herring, salted or in brine consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Japan, with a 4.4% share.

What are the largest producers of herring, salted or in brine in the world?

The country with the largest volume of herring, salted or in brine production was China, accounting for 20% of total volume. Moreover, herring, salted or in brine production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Japan, with a 4.4% share.

What are the leading suppliers of herring, salted or in brine to Republic of Korea?

In value terms, Sri Lanka constituted the largest supplier of herring, salted or in brine to South Korea.

What are the leading importers of herring, salted or in brine from Republic of Korea?

In value terms, Canada $753), New Zealand $533) and the United States $304) appeared to be the largest markets for herring, salted or in brine exported from South Korea worldwide.

What is the average export price for herring, salted or in brine in Republic of Korea?

In 2021, the average export price for herring, salted or in brine amounted to $1,848 per ton, dropping by -40.7% against the previous year.

What is the average import price for herring, salted or in brine in Republic of Korea?

The average import price for herring, salted or in brine stood at $3,241 per ton in 2021, growing by 34% against the previous year.

This report provides an in-depth analysis of the market for herring, salted or in brine 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 2030.

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