South Korea: 2020 Seafood Export Assessment and 2021 Outlook

Published Oct 2, 2021

Tridge summary

Demand for aquatic products in each country and changes in quarantine system need to be taken into account Demand for Emerging Countries to Continue to Grow Although uncertainty about the COVID-19 pandemic is expected to continue this year, seaweed exports are expected to increase, led by seasoned seaweed. First, as seaweed is recognized as a healthy food, the global demand is increasing. In the past, it was consumed mainly in Korea, China, and Japan, but it has spread to Southeast Asian countries such as Thailand and Vietnam, and has recently spread to Western countries such as the United States and the European Union (EU), establishing itself as a global mainstream food. However, it is also necessary to pay close attention to the trends in laver production in China and Japan. Last year, due to the COVID-19 outbreak in China, the production of laver in China did not work normally, so the opportunity to export laver to Korea expanded.

Original content

Beware of changes in the demand for fishery products and quarantine systems in each country Competition between Korea, China and Japan expected to intensify as Chinese and Japanese laver production increases Tuna exports to Japan unlikely to recover due to Japan-EU FTA Vietnam’s consumer demand for high-quality seafood rises, but exports are stabilizing Kim - Demand from Emerging Countries Expected to Continue to Grow Although uncertainty about COVID-19 is expected to continue this year as well, seaweed exports are expected to increase centering on seasoned laver. First, as seaweed is recognized as a healthy food, the global demand is increasing. In the past, it was consumed mainly in Korea, China, and Japan, but it has spread to Southeast Asian countries such as Thailand and Vietnam, and has recently spread to Western countries such as the United States and the European Union (EU), establishing itself as a global mainstream food. However, it is also necessary to pay close ...
Source: Fisheco
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