South Korea's frozen squid tube imports fell 46%, prices rose 19%

South Korea's imported frozen squid tubes make up 2% of the global total, with China and Chile being the main suppliers. The price per kilogram varies greatly among countries, with Argentina having the highest at 6.12 US dollars. The overall import price has risen by 19% this year, despite a 35% decrease in the total import value compared to the previous year. The market is seeing a shift in both import volume and price, with high-priced products from Argentina and China playing a significant role. The future of the market is expected to be influenced by developments in the international supply chain and prices.

South Korea’s current frozen squid tube imports account for only 2% of the world’s total imports (732,192 tons). Its main suppliers are China and Chile, with China supplying 8,793 tons, accounting for 55%, and Chile supplying 5,791 tons. Accounting for 37%. Other supplier countries include Peru (715 tons), Argentina (315 tons), Indonesia (166 tons) and Taiwan (98 tons). From the perspective of import prices, the price differences between different supplying countries are significant. Among them, the average unit price of squid tubes in Argentina is the highest at 6.12 US dollars per kilogram; the unit price of squid tubes supplied by China is 2.41 US dollars; Chile and Peru are 1.93 US dollars and 2.13 US dollars respectively. US dollars. The overall average import price has increased by 19% this year, from US$1.94 per kilogram last year to US$2.32. The total import value of frozen squid tubes in October was US$8.22 million, an increase of 69% compared with US$4.86 million in ...