What is the price of shrimps & prawns per kilogram/pound in South Korea today?
The retail price range for South Korea shrimps & prawns is between US$ 2.39 and US$ 10.03 per kilogram or between US$ 1.08 and US$ 4.55 per pound(lb). Click here to see today's exact prices of shrimps & prawns in South Korea
The retail price range in South Korean won for shrimps & prawns is between KRW 3,184.33 and KRW 13,374.20 per kilogram or between KRW 1,444.14 and KRW 6,065.40 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea shrimps & prawns is between US$ 1.67 and US$ 7.02 per kilogram or between US$ 0.76 and US$ 3.18 per pound(lb).
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South Korea Shrimps & Prawns Export Prices - Historical, Trends and Prediction
The export price per kilogram of Shrimps & Prawns from South Korea over the last five years has seen a steady increase. In 2017, the price was 2.01 US $ per kg, which rose to 4.58 US $ per kg in 2021. The highest price was recorded in 2022, at 6.73 US $ per kg. Based on this data, it is predicted that the export price per kilogram of Shrimps & Prawns from South Korea will continue to rise in 2023 and 2024, reaching 7.28 US $ per kg and 8.83 US $ per kg respectively.South Korea Shrimps & Prawns Import Prices - Historical, Trends and Prediction
The import price per kilogram of Shrimps & Prawns into South Korea has seen a significant fluctuation over the last five years. In 2016, the price was 4.85 US $ per kg, which was the highest in the last five years. This was followed by a sharp decline in 2017, when the price dropped to 2.01 US $ per kg. The price then remained relatively stable for the next two years, with a slight increase in 2019 to 2.93 US $ per kg. In 2020, the price rose to 3.48 US $ per kg, and then further increased to 4.58 US $ per kg in 2021. The latest data shows that the import price per kilogram of Shrimps & Prawns into South Korea is 6.73 US $ per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Shrimps & Prawns into South Korea will continue to increase in the next two years. It is expected that the price will reach 7.50 US $ per kg in 2023 and 8.25 US $ per kg in 2024.Export values for South Korea shrimps & prawns
The total values in export for shrimps & prawns in South Korea were US$ 5,135, US$ 6,933, US$ 6,280 and US$ 6,429 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, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of shrimps & prawns in other countries across Asia: Kazakhstan shrimps & prawns, Kyrgyzstan shrimps & prawns, Tajikistan shrimps & prawns, Turkmenistan shrimps & prawns, Uzbekistan shrimps & prawns, China shrimps & prawns, Hong Kong shrimps & prawns, Macao shrimps & prawns, North Korea shrimps & prawns & Mongolia shrimps & prawns.
South Korea shrimps & prawns - Production, Exports, Imports, Seasons and HS Codes
The quantity of shrimps & prawns shipped by South Korea in 2020 was 1,569 tons. In 2019 South Korea sold 2,196 tonnes of shrimps & prawns. In 2019 alone, the interest in South Korea shrimps & prawns (seafood category) has shrunk, flactuating by -53.671 per cent compared to the year 2018. Between 2017 and 2019, shrimps & prawns' exports decreased by -36.37% earning the country US$6.43m for the year 2019. South Korea's shrimps & prawns exports are classified as:
- Shrimps and prawns, prepared or preserved, in airtight containers (excluding smoked) (HS code 160529)
- Frozen shrimps and prawns, whether in shell or not, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (HS code 030613)
- Shrimps and prawns, whether in shell or not, dried, salted, smoked or in brine, incl. ones in shell, cooked by steaming or by boiling in water (HS code 030695)
- Shrimps & prawns, prepared or preserved (HS code 1605Xa)
- Cold-water shrimps and prawns "Pandalus spp., Crangon crangon", whether in shell or not, live, fresh or chilled (HS code 030635)
- Shrimps and prawns, prepared or preserved (HS code 160520)
- Frozen cold-water shrimps and prawns "Pandalus spp., Crangon crangon", even smoked, whether in shell or not, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (HS code 030616)
- Cold-water shrimps and prawns "Pandalus spp., Crangon crangon", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (HS code 030626)
- Shrimps and prawns, whether in shell or not, live, dried, salted or in brine, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (HS code 030623)
- Shrimps and prawns, even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (excluding cold-water shrimps and prawns) (HS code 030627)
- Shrimps and prawns, whether in shell or not, live, fresh or chilled (excl. cold-water shrimps and prawns "Pandalus spp., Crangon crangon") (HS code 030636)
- Frozen shrimps and prawns, even smoked, whether in shell or not, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (excluding cold-water shrimps and prawns) (HS code 030617)
- Shrimps and prawns, prepared or preserved, not in airtight containers (excluding smoked) (HS code 160521)
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South Korea shrimps & prawns export values
In 2019, South Korea supplied shrimps & prawns worth 6.43m USD, an improvement of 2.39% from 2018's total shrimps & prawns export of 6.28m USD. The annual increase in value of South Korea shrimps & prawns between 2017 to 2018 was -9.419%.
The yearly variation in the quantity of South Korea's shrimps & prawns exports between 2017 and 2019 was -36.37 pc when compared to a variation of -53.671% in the growth rate between 2018 and 2019.
Export markets for South Korea shrimps & prawns ( in '000$ )
South Korea procured 99,501 tonnes of shrimps & prawns in 2019.