South Korea's imports of frozen cooked octopus increased 31% in August compared with the same period last year

Published 2024년 10월 9일

Tridge summary

South Korea experienced a 31% surge in imported frozen cooked octopus in August, totaling 139 tons, predominantly from the Philippines which accounts for 86% of the total imports. Despite this, the overall import volume from January to August saw a 20% decrease to 1,114 tons, with the price per kilogram falling by 4% to US$8.75. The import value for August was US$1.09 million, marking an 11% increase from the previous year, although the cumulative import value from January to August fell by 23% to US$9.74 million.

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

Original content

According to SeafoodMedia, South Korea imported 139 tons of frozen cooked octopus in August, an increase of 31% from 106 tons in the same period of 2023. The cumulative import volume in the first eight months was 1,114 tons, a decrease of 20% from 1,390 tons in the same period of the same period last year. Frozen cooked octopus mainly comes from the Philippines, with a purchase volume of 959 tons, accounting for 86% of the total import volume, followed by Indonesia, with a purchase volume of 134 tons, Vietnam (14 tons), and China (5 tons). The price of Philippine octopus is the highest, at US$9.09 per kilogram, followed by Indonesia at US$7.39 and China at US$3.60. The import value of frozen cooked octopus in August was US$1.09 million, an increase of 11% ...

Source: Foodmate