Price for Mammals; Live, Rabbits and Hares in South Korea - 2022

Contents:

1. Price for Mammals; Live, Rabbits and Hares in South Korea (CIF) - 2022
2. Price for Mammals; Live, Rabbits and Hares in South Korea (FOB) - 2022
3. Imports of Mammals; Live, Rabbits and Hares in South Korea
4. Exports of Mammals; Live, Rabbits and Hares in South Korea

Price for Mammals; Live, Rabbits and Hares in South Korea (CIF) - 2022

The average import price for mammals; live, rabbits and hareses stood at $100 per unit in 2022, shrinking by -8.9% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum at $236 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($285 per unit), while the price for the Netherlands ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.4%), while the prices for the other major suppliers experienced a decline.

Price for Mammals; Live, Rabbits and Hares in South Korea (FOB) - 2022

In 2022, the average export price for mammals; live, rabbits and hareses amounted to $92 per unit, growing by 13% against the previous year. Over the period under review, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 41%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +87.2% per year.

Imports of Mammals; Live, Rabbits and Hares in South Korea

In 2022, the amount of mammals; live, rabbits and hareses imported into South Korea expanded significantly to 8.7K units, with an increase of 6.2% against the previous year's figure. Over the period under review, imports, however, recorded a perceptible decline. Over the period under review, imports hit record highs at 9.4K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mammals; live, rabbits and hares imports reduced modestly to $865K in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 9%. Over the period under review, imports reached the maximum at $894K in 2021, and then contracted in the following year.

Top Suppliers of Mammals; Live, Rabbits and Hares to South Korea in 2022:

1. China (7.7K units)
2. Netherlands (0.4K units)
3. Spain (0.2K units)
4. Japan (0.1K units)

Exports of Mammals; Live, Rabbits and Hares in South Korea

In 2022, after two years of decline, there was significant decline in overseas shipments of mammals; live, rabbits and hareses, when their volume decreased by -25% to 6 units. In general, exports showed a abrupt shrinkage. The smallest decline of -11.1% was in 2020. The exports peaked at 9 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, mammals; live, rabbits and hares exports contracted to $550 in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of $629, and then fell in the following year.

Top Export Markets for Mammals; Live, Rabbits and Hares from South Korea in 2022:

1. United States (6.0 units)

Source: IndexBox Market Intelligence Platform