What is the price of crabs per kilogram/pound in South Korea today?
The retail price range for South Korea crabs is between US$ 24.58 and US$ 35.40 per kilogram or between US$ 11.15 and US$ 16.06 per pound(lb). Click here to see today's exact prices of crabs in South Korea
The retail price range in South Korean won for crabs is between KRW 32,776.88 and KRW 47,204.48 per kilogram or between KRW 14,864.80 and KRW 21,407.93 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea crabs is between US$ 17.21 and US$ 24.78 per kilogram or between US$ 7.80 and US$ 11.24 per pound(lb).
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South Korea Crabs Export Prices - Historical, Trends and Prediction
The export price per kilogram of Crabs from South Korea over the last five years has seen a steady increase. In 2017, the price was 21.36 US $ per kg, and by 2021, it had risen to 24.38 US $ per kg. The highest price was in 2019, when it reached 27.52 US $ per kg. The most recent price in 2022 was 21.88 US $ per kg. Based on this data, it is predicted that the export price per kilogram of Crabs from South Korea in 2023 will be around 23.50 US $ per kg, and in 2024, it will be around 24.00 US $ per kg.South Korea Crabs Import Prices - Historical, Trends and Prediction
The import price per kilogram of Crabs into South Korea has been steadily increasing over the past five years. In 2017, the price was 21.36 US dollars per kilogram, and in 2021, the price had risen to 24.38 US dollars per kilogram. This represents an increase of 14.7% over the five-year period. The highest price was recorded in 2019, when the import price was 27.52 US dollars per kilogram. This was followed by a slight decrease in 2020, when the price dropped to 22.29 US dollars per kilogram. However, the price has since recovered and is currently at 24.38 US dollars per kilogram. Based on this trend, it is likely that the import price per kilogram of Crabs into South Korea will continue to increase in the coming years. We predict that the import price per kilogram of Crabs into South Korea will be 25.88 US dollars in 2023 and 27.38 US dollars in 2024.Export values for South Korea crabs
The total values in export for crabs in South Korea were US$ 70,944, US$ 87,654, US$ 134,325 and US$ 160,326 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in South Korea: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of crabs in other countries across Asia: Kazakhstan crabs, Kyrgyzstan crabs, Tajikistan crabs, Turkmenistan crabs, Uzbekistan crabs, China crabs, Hong Kong crabs, Macao crabs, North Korea crabs & Mongolia crabs.
South Korea crabs - Production, Exports, Imports, Seasons and HS Codes
The volume of crabs sold by South Korea in 2020 was 6,065 metric tonnes. In 2019 South Korea shipped 5,826 tonnes of crabs. In 2019 alone, the interest in South Korea crabs (seafood category) has improved, changing by 6.625 pc compared to the year 2018. Between 2017 and 2019, crabs' exports grew by 41.96 pc netting the exporter US$160.33m for the year 2019. South Korea's crabs exports are classified as:
- Crabs, even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. crabs in shell, cooked by steaming or by boiling in water (HS code 030624)
- Crabs, whether in shell or not, live, fresh or chilled (HS code 030633)
- Crabs, whether in shell or not, dried, salted, smoked or in brine, incl. crabs in shell, cooked by steaming or by boiling in water (HS code 030693)
- Frozen crabs, even smoked, whether in shell or not, incl. crabs in shell, cooked by steaming or by boiling in water (HS code 030614)
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South Korea crabs export values
In 2019, South Korea exported crabs valued at 160.33m USD, an improvement of 19.36% from 2018's total crabs export of 134.325m USD. The annual increase in value of South Korea crabs between 2017 to 2018 was 53.245%.
The annual/yearly change in the amount of South Korea's crabs exports between 2017 and 2019 was 41.96 pc compared to a variation of 6.625% in the period between 2018 and 2019.
Export markets for South Korea crabs ( in '000$ )
South Korea brought in 56,381 tonnes of crabs in 2019.