South Korea: Export of seaweed to Japan this year are expected to reach 105 billion won

Published Jun 5, 2023

Tridge summary

Korean seaweed exports to Japan are projected to hit a record 105 billion won this year, a 61.5% increase from the previous year. This is due to increased demand for Korean seaweed as Japan's seaweed farming was lacking last winter, and the quality improvement efforts by the Korean seaweed industry. The export contract included 47.5 billion won for dried seaweed, up 109.3% from last year, and 56.5 billion won for seasoned seaweed and products, up 35.9% and 14.4% respectively. The COVID-19 pandemic also played a role in the increase in demand as people cooked more at home in Japan.

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

Original content

Exports of Korean seaweed to Japan this year are expected to reach 105 billion won, an all-time high. An export contract worth 105 billion won was signed at the 2023 Korea Seaweed Export Bidding and Consultation Meeting held in Tokyo, Japan from the 23rd to the 24th of last month. This is a 61.5% increase from the previous year. This bidding and consultation meeting, which was held for the first time in four years, was co-hosted by five organizations related to seaweed in Japan, including the National Association of Processing and Haitai Cooperatives, and the Korea Fisheries Trade Association, and more buyers than in previous years attended. In this bidding/consultation, contracts for dried seaweed, which had declined in exports to Japan over the past few years, increased. This year, dried seaweed contract amount was 47.5 billion won, up 109.3% from last year, and the contract amount was 560 million sheets, up 52.5% from last year. It is analyzed that this is because the demand ...

Source: Fisheco