South Korea: Oyster exports expected to decline from the second half of this year

Published 2022년 6월 7일

Tridge summary

Oyster exports are expected to decrease in the second half of this year due to a decrease in production and smoothness in production of oyster products for processing. The cumulative production of oysters until April was 28,000 tons, a 6% decrease from last year. However, exports from January to April increased by 10% compared to last year, with canned food accounting for the largest proportion of exports. However, the sluggish production of oysters from 2022 and increased costs due to COVID-19 and the crisis in Russia and Ukraine are expected to act as difficulties in exporting canned oysters from Korea in the future.

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

Original content

Oyster exports from the second half of this year are expected to decrease from the second half of this year, as production of oyster products for processing is not smooth due to sluggish production of oysters in 2022. According to data from the Korea Maritime and Fisheries Development Institute (KMI) Fisheries Observation Center, the cumulative production of oysters until April of this year was 28,000 tons, about 6% less than last year. This is because there was a shortage of manpower to peel oysters due to the Corona 19 incident, and the effect of mortality in Gyeongnam at the beginning of the year continued until the end of the year. Exports of oysters from January to April amounted to 4,822 tons, which was 10% more than the cumulative total of last year. In particular, in the case of canned food, which accounts for the largest proportion of exports, it increased by 70% compared to last year. The reason for the increase in exports is believed to be that there was a lot of demand ...

Source: Fisheco