South Korea: Analysis of the substitution relationship between imported marine products and domestic products
Salmon
Frozen Common Shrimp & Prawn
Published Mar 20, 2023
Original content
As imports of salmon and yellowtail increase, consumption trends are clearly changing Salmon consumption is high among young people, and middle-aged and elderly people prefer domestic raw fish. It is necessary to develop products that can be consumed together with imported and domestic products. Since the Korea-Chile Free Trade Agreement (FTA) was concluded, Korea's seafood imports have increased rapidly. Looking at the status of seafood imports by country as of 2021, the share of total imports in China and the United States decreased compared to 2000, while Vietnam, Peru, and Chile increased. As of 2021, fishery product imports by item were 322,000 tons of pollock, 135,000 tons of squid, 88,000 tons of shrimp, and 76,000 tons of sardines. Among the top items, pollock is imported as it accounts for a large portion of the imports from the Russian ocean-going joint venture, which is not related to the FTA. For squid, imports from Peru and China increased after the FTA between Korea ...
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