Russia: Yellowfin flounder shipments to South Korea have dropped significantly in the first five months of 2024

Published 2024년 7월 11일

Tridge summary

Between January and May of 2024, yellowfin flounder imports saw a significant decline despite Russian imports making up 79% of the total, at 5,924 tons. US imports were at 1,562 tons, and Chinese imports were negligible at 45 tons in 2023. The import value for May 2024 was US$3.94 million, marking a 14% increase from the previous year, but the total import value for the year dropped by 27% to US$14.94 million due to global supply chain issues and decreased demand. The average price per kilogram for Russian imports was 1.96 US dollars, while that for US imports was 2.13 US dollars.

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

Original content

In January - May 2024, 5,924 tons of yellowfin flounder were imported from Russia, accounting for 79% of total imports, 1,562 tons were imported from the United States. In 2023, 45 tons were imported from China. The price per import unit was at the level of 1.96 US dollars/kg from Russia and 2.13 US dollars/kg from the USA. The import value of frozen yellowfin flounder in May 2024 was US$3.94 million, up 14% from US$3.45 million in the same period last year. However, the total value of imports this year was US$14.94 million, down 27% from US$20.5 million for the same period in 2023, and the average import unit price was US$2.00/kg , which is 11% less than US$2.25/kg in the same period last year. The decline in imports was due to various factors such as global supply chain issues and lower demand. Continued monitoring of ...

Source: Fishretail