South Korean seaweed exports near record high performance

Published 2021년 10월 18일

Tridge summary

Korean laver exports are projected to surpass $500 million in the third quarter of this year, hitting an all-time high. This growth, which started from 2017, has seen the number of exporting countries nearly double and the exported countries becoming more diverse. The growth is attributed to the marketing of seaweed as a healthy and vegan snack, especially in Europe, despite concerns about iodine and cadmium content. The Ministry of Oceans and Fisheries is supporting the expansion of seaweed exports through various means, including organic certification and online channels. The Act on the Promotion and Support of the Seaweed Industry is set to be implemented in December, aiming to further boost the competitiveness of Korean laver.

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Original content

According to the Ministry of Oceans and Fisheries, by the third quarter of this year, Korean laver exports are expected to exceed $500 million, achieving the highest export performance ever by the end of the year. Since 2017, when seaweed exports surpassed $500 million for the first time, it has exceeded $500 million in the shortest period of time on an annual basis. Exporting countries nearly doubled. Developing new markets and achieving year-over-year growth As of September 30, Korea's seaweed exports exceeded $500 million ($570 million). This is the shortest time since 2017 (end of December), when Korea's laver exports exceeded $500 million for the first time, and this year's laver exports are expected to surpass $600 million last year, the highest ever. do. The amount of laver exports, which was only US$60 million in 2007, has been growing steadily every year since it reached US$100 million in 2010. In 2010, it was only exported to 60 countries, but as of September 2021, ...

Source: Fisheco