News

Korean seaweed's popularity is even hotter this year as exports to the US and China soared by 40%

Frozen Seaweed
Seafood
South Korea
Market & Price Trends
Published Mar 31, 2024

Tridge summary

Korean seaweed exports have surged by nearly 30% in the first two months of this year, reaching $141.36 million, with significant market growth in the United States, China, and Thailand. This increase is attributed to the global recognition of seaweed as a healthy food, especially seasoned seaweed. To meet the rising demand, the Ministry of Oceans and Fisheries in Korea is focusing on expanding seaweed production through new fish farms and designated seaweed industry promotion zones, alongside the construction of a seafood export complex. Additionally, a 'dry seaweed grading system' is set to be introduced by 2026 for international certification of seaweed quality, aiming to secure better global market pricing and establish South Korea as a leader in seaweed production and quality certification, ahead of Japan and China.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Seoul = Yonhap News) Reporter Kim Yun-gu = As the popularity of Korean seaweed is increasing in the global market, seaweed exports from January to February of this year increased by nearly 30% compared to the same period last year. In particular, exports to the US and Chinese markets each increased by more than 40%. According to the Ministry of Oceans and Fisheries on the 31st, seaweed exports from January to February amounted to $141.36 million, a 28.1% increase from the same period last year. The volume increased by 15.3% to 6,074 tons (tons). Among major markets, exports to the United States, China, and Thailand increased noticeably. In the United States, the largest market for Korean seaweed, demand for seasoned seaweed has increased thanks to increased awareness of seaweed products. Accordingly, seaweed exports to the United States from January to February increased by 41.6% to $28.18 million. US export volume increased by 29.5% to 862 tons. The popularity of Korean seaweed ...
Source: Yna
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