What is the price of crustaceans per kilogram/pound in South Korea today?
The retail price range for South Korea crustaceans is between US$ 7.12 and US$ 14.97 per kilogram or between US$ 3.23 and US$ 6.79 per pound(lb). Click here to see today's exact prices of crustaceans in South Korea
The retail price range in South Korean won for crustaceans is between KRW 9,487.33 and KRW 19,955.22 per kilogram or between KRW 4,302.64 and KRW 9,049.99 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea crustaceans is between US$ 4.98 and US$ 10.48 per kilogram or between US$ 2.26 and US$ 4.75 per pound(lb).
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South Korea Crustaceans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Crustaceans from South Korea over the last five years has been quite volatile. In 2017, the price was 12.61 US$/kg, which was followed by a sharp increase to 18.92 US$/kg in 2018. However, the price dropped significantly in 2020 to 2.49 US$/kg. Since then, the price has been on the rise again, reaching 13.76 US$/kg in 2021 and 19.25 US$/kg in 2022. Based on the current trend, it is predicted that the export price per kilogram of Crustaceans from South Korea will be around 21.50 US$/kg in 2023 and 24.00 US$/kg in 2024.South Korea Crustaceans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Crustaceans into South Korea has seen a significant fluctuation over the last five years. In 2016, the price was 4.58 US dollars per kg, which was the lowest in the period. This was followed by a sharp increase in 2017, when the price rose to 12.61 US dollars per kg. The price then dropped to 11.43 US dollars per kg in 2019, before reaching its lowest point in 2020, at 2.49 US dollars per kg. The price then rose again in 2021, to 13.76 US dollars per kg, before reaching its highest point in 2022, at 19.25 US dollars per kg. Based on the data, it is predicted that the import price per kilogram of Crustaceans into South Korea will continue to rise in 2023, to around 21.00 US dollars per kg, and in 2024, to around 22.75 US dollars per kg.Export values for South Korea crustaceans
The total values in export for crustaceans in South Korea were US$ 486, US$ 290, US$ 246 and US$ 320 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, Crabs, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of crustaceans in other countries across Asia: Kazakhstan crustaceans, Kyrgyzstan crustaceans, Tajikistan crustaceans, Turkmenistan crustaceans, Uzbekistan crustaceans, China crustaceans, Hong Kong crustaceans, Macao crustaceans, North Korea crustaceans & Mongolia crustaceans.
South Korea crustaceans - Production, Exports, Imports, Seasons and HS Codes
The quantity of crustaceans sold by South Korea in 2020 was 1,915 metric tonnes. In 2019 South Korea exported 28 tonnes of crustaceans. Across 2019 alone, the market for South Korea crustaceans (seafood category) has gone up, with a change of 115.385 percent compared to the year 2018. Between 2017 and 2019, crustaceans' exports grew by 21.74 pc earning the nation US$0.32m for the year 2019. South Korea's crustaceans exports are classified as:
- Crustaceans, prepared or preserved (excluding smoked, crabs, shrimps, prawns and lobster) (HS code 160540)
- Crustaceans, even smoked, fit for human consumption, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. crustaceans in shell, cooked by steaming or by boiling in water (excluding rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); flours, meals and pellets of crustaceans, even smoked, fit for human consumption (HS code 030629)
- Frozen crustaceans, even smoked, fit for human consumption, whether in shell or not, incl. crustaceans in shell, cooked beforehand by steaming or by boiling in water (excluding rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); frozen flours, meals, and pellets of crustaceans, even smoked, fit for human consumption (HS code 030619)
- Crustaceans, fit for human consumption, whether in shell or not, live, fresh or chilled (excl. rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); flours, meals and pellets of crustaceans, fit for human consumption, fresh or chilled (HS code 030639)
- Crustaceans, fit for human consumption, whether in shell or not, dried, salted, smoked or in brine, incl. crustaceans in shell, cooked by steaming or by boiling in water (excl. rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); flours, meals and pellets of crustaceans, dried, salted, smoked or in brine, fit for human consumption (HS code 030699)
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South Korea crustaceans export values
In 2019, South Korea supplied crustaceans worth 0.32m USD, an increase of 30.08% from 2018's total crustaceans export of 0.246m USD. The annual increase in value of South Korea crustaceans between 2017 to 2018 was -15.172 per cent.
The yearly change in the amount of South Korea's crustaceans exports between 2017 and 2019 was 21.74 per cent in comparison to a variation of 115.385% in the period between 2018 and 2019.
South Korea's stake of the world's total crustaceans' exports in 2019 was less than 1%. South Korea is ranked number 74 in world exports of crustaceans.
Export markets for South Korea crustaceans ( in '000$ )
Import/Export Trends
South Korea is a net importer of crustaceans. The annual growth of South Korea crustaceans in value between 2015 to 2019 was -24%, per annum, while annual growth in quantity through the same period was %, per annum.
South Korea bought 680 tonnes of crustaceans in 2019.