Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea (FOB) - 2022
- Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea (CIF) - 2022
- Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea
- Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea
Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea (FOB) - 2022
In 2022, the average export price for aquatic invertebrates; jellyfish, prepared or preserveds amounted to $2,838 per ton, reducing by -36.7% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 41%. The export price peaked at $5,037 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,726 per ton), while the average price for exports to China amounted to $2,491 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.2%).
Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea (CIF) - 2022
The average import price for aquatic invertebrates; jellyfish, prepared or preserveds stood at $11,279 per ton in 2022, dropping by -15.6% against the previous year. In general, the import price saw a slight downturn. The growth pace was the most rapid in 2016 when the average import price increased by 20% against the previous year. The import price peaked at $13,491 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($11,494 per ton), while the price for Vietnam totaled $7,919 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.
Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea
In 2022, shipments abroad of aquatic invertebrates; jellyfish, prepared or preserveds decreased by -7% to 155 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,360% against the previous year.
In value terms, exports of aquatic invertebrates; jellyfish, prepared or preserveds shrank markedly to $440K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,035% against the previous year.
| Export of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 127 | 728 | 345 | 64.8% |
| United States | 10.5 | 17.6 | 18.7 | 93.2 | 107.1% |
| Others | 2.5 | 2.2 | 0.5 | 1.7 | -12.1% |
| Total | 13.0 | 147 | 747 | 440 | 223.5% |
Top Export Markets for Aquatic Invertebrates; Jellyfish, Prepared or Preserved from South Korea in 2022:
- China (138.6 tons)
- United States (16.3 tons)
Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea
In 2022, the amount of aquatic invertebrates; jellyfish, prepared or preserveds imported into South Korea skyrocketed to 35 tons, surging by 23% on the previous year's figure. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aquatic invertebrates; jellyfish, prepared or preserveds rose modestly to $396K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 13%.
| Import of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 399 | 339 | 381 | 380 | -1.6% |
| Vietnam | 1.7 | N/A | 0.5 | 16.3 | 112.4% |
| Others | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Total | 400 | 339 | 382 | 396 | -0.3% |
Top Suppliers of Aquatic Invertebrates; Jellyfish, Prepared or Preserved to South Korea in 2022:
- Japan (33.0 tons)
- Vietnam (2.1 tons)
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