Korea's frozen octopus imports plummeted by 81% in February

Published 2021년 3월 29일

Tridge summary

South Korea's imports of frozen octopus have significantly dropped, with the country importing only 49 tons in February 2021, a decrease of 81% compared to the same period last year. The total import volume in the first two months of 2021 was 154 tons, a decrease of 66% from the same period in the previous year. Mauritania is the leading supplier of frozen octopus to South Korea, contributing 51% of the total imports, followed by China, the Philippines, and Venezuela. The average price per kilogram of frozen octopus varied depending on the country of origin, with Mauritania having the highest price. The imports in February 2021 cost US$280,000, marking an 82% decrease from the previous year.

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

Original content

According to news from FiS on March 24, South Korea’s frozen octopus imports in February this year decreased from 252 tons in the same period last year to 49 tons, a drop of 81%. The cumulative import volume in the first two months was 154 tons, compared with 458 tons in the same period last year. A decrease of 66%. The average import volume in February 2016-2021 was 192 tons. The main suppliers of frozen octopus are Mauritania, China, the Philippines and Venezuela. 51% of the frozen octopus is from Mauritania, and about 79 tons are from Mauritania and 23% (about (About 35 tons) from China, 16% (about 25 tons) from Indonesia, 8% (about 13 tons) from the Philippines, 1% (about 2 tons) from Venezuela. Mauritania has the highest price for frozen octopus, which is per kilogram. The price of ...

Source: Foodmate