Report Update Nov 1, 2024

Republic of Korea - Meat of Other Animals - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Meat of Camels and Other Animals 2024

Market Size for Meat of Camels and Other Animals in Republic of Korea

The South Korean market for meat of camels and other animals declined modestly to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Meat of Camels and Other Animals in Republic of Korea

In value terms, camel and other animal meat production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 139% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Meat of Camels and Other Animals

Exports from Republic of Korea

Camel and other animal meat exports from South Korea skyrocketed to X kg in 2019, picking up by 148% on the previous year. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 765% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2019, the growth of the exports remained at a lower figure.

In value terms, camel and other animal meat exports skyrocketed to $X in 2019. Overall, exports, however, recorded a deep slump. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for camel and other animal meat exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +155.0%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for meat of camels and other animals exports from South Korea.

From 2012 to 2019, the average annual growth rate of value to Cote d'Ivoire totaled +1,271.0%.

Export Prices by Country

In 2019, the average export price for meat of camels and other animals amounted to $X per ton, surging by 445% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2019, the rate of growth in terms of prices for Cote d'Ivoire amounted to +437.7% per year.

Imports of Meat of Camels and Other Animals

Imports into Republic of Korea

For the fourth consecutive year, South Korea recorded growth in supplies from abroad of meat of camels and other animals, which increased by 15% to X tons in 2022. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 142%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, camel and other animal meat imports surged to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 84%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Vietnam (X tons), Australia (X tons) and China (X tons) were the main suppliers of camel and other animal meat imports to South Korea, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +85.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X) constituted the largest supplier of meat of camels and other animals to South Korea, comprising 64% of total imports. The second position in the ranking was taken by Australia ($X), with a 29% share of total imports. It was followed by New Zealand, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled +73.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+13.6% per year) and New Zealand (-14.5% per year).

Import Prices by Country

The average import price for meat of camels and other animals stood at $X per ton in 2022, rising by 3.1% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, camel and other animal meat import price increased by +6.0% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 34%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for meat of camels and other animals in the world?

The countries with the highest volumes of camel and other animal meat consumption in 2021 were China, Russia and Papua New Guinea, with a combined 30% share of global consumption. The United States, India, Cote d'Ivoire, Nigeria, Democratic Republic of the Congo, Sudan, Ethiopia, Saudi Arabia, Ghana and Kenya lagged somewhat behind, together comprising a further 37%.

What are the largest producers of meat of camels and other animals in the world?

The countries with the highest volumes of camel and other animal meat production in 2021 were China, Russia and Papua New Guinea, with a combined 30% share of global production. These countries were followed by the United States, India, Cote d'Ivoire, Nigeria, Democratic Republic of the Congo, Sudan, Ethiopia, Saudi Arabia, Ghana and Kenya, which together accounted for a further 36%.

What are the leading suppliers of meat of camels and other animals to Republic of Korea?

In value terms, New Zealand constituted the largest supplier of camel and other animal meat to South Korea, comprising 55% of total imports. The second position in the ranking was occupied by Vietnam, with a 23% share of total imports. It was followed by Australia, with an 11% share.

What are the leading importers of meat of camels and other animals from Republic of Korea?

In value terms, Cote d'Ivoire remains the key foreign market for camel and other animal meat exports from South Korea.

What is the average export price for meat of camels and other animals in Republic of Korea?

The average export price for meat of camels and other animals stood at $8,587 per ton in 2019, surging by 67% against the previous year.

What is the average import price for meat of camels and other animals in Republic of Korea?

In 2021, the average import price for meat of camels and other animals amounted to $4,239 per ton, with an increase of 12% against the previous year.

This report provides an in-depth analysis of the market for camel and other animal meat 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:

FCL 1166 - Meat nes
FCL 1158 - Meat of other domestic camelids
FCL 1151 - Meat of other domestic rodents
FCL 1089 - Meat of pigeons and other birds nes
FCL 1127 - Meat of camels
FCL 1128 - Offals of camels, edibles
FCL 1163 - Game meat
FCL 1167 - Offals nes

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023