Price for Mollusc Preparations; Mussels, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Mollusc Preparations; Mussels, Prepared or Preserved in South Korea (CIF) - 2022
- Price for Mollusc Preparations; Mussels, Prepared or Preserved in South Korea (FOB) - 2022
- Imports of Mollusc Preparations; Mussels, Prepared or Preserved in South Korea
- Exports of Mollusc Preparations; Mussels, Prepared or Preserved in South Korea
Price for Mollusc Preparations; Mussels, Prepared or Preserved in South Korea (CIF) - 2022
The average import price for mollusc preparations; mussels, prepared or preserveds stood at $5,395 per ton in December 2022, jumping by 51% against the previous month. Over the period under review, import price indicated a perceptible expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for mollusc preparations; mussels, prepared or preserveds increased by +51.1% against September 2022 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was New Zealand ($7,687 per ton), while the price for China ($2,796 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Mussels, Prepared or Preserved in South Korea (FOB) - 2022
In 2022, the average export price for mollusc preparations; mussels, prepared or preserveds amounted to $5,407 per ton, declining by -24.1% against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37%. As a result, the export price reached the peak level of $7,124 per ton, and then fell significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($11,768 per ton), while the average price for exports to Japan ($2,972 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Mussels, Prepared or Preserved in South Korea
In 2022, after two years of decline, there was significant growth in overseas purchases of mollusc preparations; mussels, prepared or preserveds, when their volume increased by 7.6% to 4.2K tons. Overall, imports, however, showed a relatively flat trend pattern.
In value terms, imports of mollusc preparations; mussels, prepared or preserveds skyrocketed to $15M in 2022. In general, imports, however, saw a slight curtailment.
| Import of Mollusc Preparations; Mussels, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.9 | 8.2 | 5.0 | 6.5 | -9.9% |
| China | 4.9 | 4.5 | 5.3 | 5.1 | 1.3% |
| Chile | 1.9 | 2.4 | 2.8 | 3.5 | 22.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 15.8 | 15.2 | 13.1 | 15.1 | -1.5% |
Top Suppliers of Mollusc Preparations; Mussels, Prepared or Preserved to South Korea in 2022:
- China (2.2K tons)
- New Zealand (1.0K tons)
- Chile (1.0K tons)
Exports of Mollusc Preparations; Mussels, Prepared or Preserved in South Korea
In 2022, shipments abroad of mollusc preparations; mussels, prepared or preserveds increased by 48% to 133 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a pronounced setback.
In value terms, exports of mollusc preparations; mussels, prepared or preserveds totaled $717K in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. As a result, the exports reached the peak of $748K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Mollusc Preparations; Mussels, Prepared or Preserved in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 77.0 | 202 | 149 | 204 | 38.4% |
| Japan | 274 | 261 | 82.1 | 198 | -10.3% |
| China | 57.5 | 88.9 | 99.1 | 119 | 27.4% |
| Sweden | 102 | 76.8 | 156 | 86.9 | -5.2% |
| United States | 6.4 | 48.8 | 86.5 | 61.0 | 112.0% |
| Mexico | 17.1 | 17.8 | 28.1 | 16.1 | -2.0% |
| Vietnam | 7.4 | 20.6 | 10.7 | 9.6 | 9.1% |
| Others | 27.0 | 31.6 | 27.6 | 23.2 | -4.9% |
| Total | 568 | 748 | 639 | 717 | 8.1% |
Top Export Markets for Mollusc Preparations; Mussels, Prepared or Preserved from South Korea in 2022:
- Japan (66.5 tons)
- China (20.9 tons)
- United Kingdom (17.3 tons)
- United States (11.8 tons)
- Sweden (9.1 tons)
- Mexico (1.2 tons)
- Vietnam (1.2 tons)
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