South Korea’s salmon market remains attractive

Published 2023년 11월 6일

Tridge summary

Salmon is increasingly popular among the younger generation in Korea and is especially popular for leisure activities such as camping. The Norwegian salmon market in Korea has a high potential for development, with Norwegian salmon exports to Korea growing steadily over the years. Raw salmon accounts for a large proportion of imported salmon products in Korea, with fillet demand expected to increase in the future, similar to Japan and China.

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

Original content

“Salmon is still popular among the younger generation in Korea.” Paul Chai, Insight Advisor at the Norwegian Seafood Council, explained this while introducing the ‘2023 Korean Salmon Market’ at the ‘Norwegian Seafood Seminar: The Future of Norwegian Seafood’ held at Signiel Busan in Haeundae, Busan on the 1st. Advisor Paul Chai said, “Salmon consumption is increasing in Korean households, and salmon is also the most popular raw fish. Not only does the younger generation like salmon, but salmon is also popular when enjoying leisure activities such as camping sites.” Based on this, the potential for the development of the Norwegian salmon market in Korea is very high.” According to his explanation, Norwegian salmon exports to Korea are increasing. It grew at an average annual rate of 11% between 2000 and 2012 and at an average annual rate of 23% between 2013 and 2021. Raw salmon began to account for a high proportion of imported salmon products from Norway in 2013. Currently, 95% of ...

Source: Fisheco