Frozen mackerel imports to South Korea fell 16% in March

Published 2024년 4월 26일

Tridge summary

In March 2024, the average unit price for imported frozen mackerel rose by 5% to US$2.23 per kg, with Norway being the dominant supplier at 89.6%, followed by China and the Netherlands. Despite a slight decrease in wholesale prices in April 2024, the overall trend showed an increase compared to the previous year. Chinese imports incurred a higher average unit price, and Dutch imports had the lowest unit price among the reported countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Import unit prices increased as import volumes fell, resulting in an average frozen mackerel import unit price of US$2.23 per kg in March 2024, up 5% from US$2.12 per kg in March 2023 of the year. Norway accounted for 89.6% of total imports, amounting to 14,746 tons, and the average unit price of Norwegian imports was US$2.22 per kg, up 1% from US$2.19 per kg in the same period 2023. China's share was 7.3% (1,153 tonnes) and the average import price was US$2.31 per kg. About 500 tons were imported from the Netherlands and the average import price was US$2.11 per kg. Wholesale prices for frozen mackerel from Norway in the second week of April 2024 for fish weighing 300/500 grams were 66,000 Korean won, which was ...

Source: Fishretail