South Korea's imports of frozen cooked octopus increased 23% in the first nine months of this year compared with the same period last year

South Korea's import of frozen cooked octopus has increased by 23% year-on-year reaching 1,292 tons in September, accounting for 0.2% of the country's total seafood imports. The Philippines was the primary supplier, contributing 87% of the total import volume. The average import price per kilogram fell slightly to $8.79, down by 4% from the previous year's average price of $9.12, despite the total import value for September increasing by 53% to $1.51 million.

According to SeafoodMedia, as of September this year, South Korea imported 1,292 tons of frozen cooked octopus, up 23% from 1,017 tons in the same period last year, accounting for 0.2% of South Korea's total seafood imports. The monthly import volume in September was 122 tons, up 47% year-on-year. The Philippines became the main supplier, with a supply of 1,124 tons, accounting for 87% of the total import volume, followed by Indonesia (141 tons), Vietnam (14 tons), Madagascar (8 tons), and China (5 tons). Philippines imported 1,292 tons of frozen cooked octopus per The highest import price per kilogram was $9.10, followed by Indonesia at $7.34 and China at $3.80. Imports in September were worth $1.51 million, up 53% from $990,000 in the same month of 2023. ...