South Korea: This year, seaweed exports are expected to achieve record high performance

Published Oct 12, 2021

Tridge summary

South Korea's seaweed exports are projected to surpass $600 million this year, the highest ever, with growth in both volume and number of exporting countries. Despite COVID-19 challenges, exports exceeded $570 million by September, with steady growth from $60 million in 2007 to $100 million in 2010, and expansion to 112 countries from 60. The Ministry of Oceans and Fisheries is set to implement a law in December to boost the quality and global competitiveness of Korean seaweed, particularly laver.

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Original content

This year, seaweed exports are expected to exceed $600 million last year, the highest ever. The Ministry of Oceans and Fisheries announced that Korea's seaweed exports exceeded $570 million as of the end of September despite difficult circumstances such as COVID-19. This is the shortest time since 2017, when Korea's laver exports exceeded $500 million for the first time. The amount of laver exports, which was only US$60 million in 2007, has been showing steady growth every year since it reached US$100 million in 2010. In 2010, it was only exported to about 60 countries, but as of September 2021, it is exporting laver to 112 countries around the world. In particular, exports to Latvia and Finland in northern Europe, where Korean seaweed had not been exported, started in 2017, and they recorded exports of $300,000 and $150,000, respectively, last year. This year, the company is pioneering new markets by exporting to Portugal, Cyprus, and Bhutan. Exporting countries are also ...

Source: Susantimes