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📉 Philippine Seafood Imports Down by 6% (Jan–Jun 2025)South Korea imported 1,194 tons of seafood from the Philippines by...
18/07/2025

📉 Philippine Seafood Imports Down by 6% (Jan–Jun 2025)

South Korea imported 1,194 tons of seafood from the Philippines by June 2025 — 6% less than the same period last year. June alone saw a 16% increase compared to 2024, but overall numbers are down.

🦑 Octopus products are on the rise:
BOILED FROZEN OCTOPUS : +1% (688 tons)
BOILED FROZEN OCTOPUS LEG : +46% (123 tons)
BOILED FROZEN ABALONE SHELL MEAT : -53% (81 tons)

💰 Import value:
June: $2.53M (+25% YoY)
Cumulative: $13.49M (-16% YoY)
Avg. price: $11.30/kg (-11% YoY)

🔍 Octopus demand is steady, but abalone imports fell sharply — driving the overall decline.

❄️ Week 29 of 2025 : Frozen Pollack Market TrendsImports Down, Prices Up — Wholesale Prices See Slight Decline📌 Import O...
17/07/2025

❄️ Week 29 of 2025 : Frozen Pollack Market Trends
Imports Down, Prices Up — Wholesale Prices See Slight Decline

📌 Import Overview (as of June 2025)
Total import volume: 59,054 tons
→ Down 10% compared to 65,499 tons in 2024
Total import value: USD 63.59 million
→ Almost unchanged from 2024 (USD 63.57 million)
Average import price: USD 1.08/kg
→ Up 11% from USD 0.97/kg in 2024

📌 Import Price by Country & Share
🇷🇺 Russia: USD 1.06/kg (96.58% share)
🇺🇸 USA: USD 1.62/kg (3.18% share)
🇨🇳 China: USD 1.73/kg

📌 Wholesale Prices (as of July 17, 2025)
Size 6 (6 cuts): Around KRW 43,000
→ Down 3.4% from June (KRW 44,500)
Size 7 (7 cuts): Around KRW 39,500

✅ Summary:
Despite lower import volumes, the average import price of frozen pollack has increased, showing a tightening supply trend. However, domestic wholesale prices have slightly declined, indicating short-term price adjustments in the market.

🇨🇦 Canadian Seafood Imports to Korea Soar 35% in June!Korea imported 291 tons of Canadian seafood in June 2025 — a 35% j...
17/07/2025

🇨🇦 Canadian Seafood Imports to Korea Soar 35% in June!

Korea imported 291 tons of Canadian seafood in June 2025 — a 35% jump from the same month last year.

🔹 FRESH ATLANTIC SALMON : Up from 5 tons to 113 tons
🔹 BOILED FROZEN ROCK SHELL MEAT : +33% (92 tons)
🔹 LIVE LOBSTER : Down 10% (664 tons)

💰 June import value: $4.93M (+13% YoY)
📉 Avg. import price: $19.67/kg (-15%)

While demand for premium items like salmon is rising, overall imports from Canada are still below last year’s levels.

🇯🇵 Japan’s Seafood Exports to Korea Drop 32% in JuneImport Volume Down, Prices Up — Shift Toward Premium Live SeafoodIn ...
16/07/2025

🇯🇵 Japan’s Seafood Exports to Korea Drop 32% in June
Import Volume Down, Prices Up — Shift Toward Premium Live Seafood

In June 2025, Korea’s imports of Japanese seafood fell by 32% year-over-year, totaling 1,831 tons. Cumulative imports for the first half of the year also dropped 4% to 12,882 tons, accounting for just 3% of Korea’s total seafood imports.

Yet, despite lower volumes, the import value rose:
June import value: USD 11.31 million (+7%)
Cumulative value (Jan–Jun): USD 82.32 million (+15%)
Average unit price: USD 6.39/kg (+20%)

📌 Key items:
LIVE RED SEA BREAM ↑ 21% (2,702 tons)
LIVE SCALLOP : 2,417 tons
LIVE YELLOW TAIL ↓ 4% (1,738 tons)
FROZEN SCALLOP ↓ 15% (1,174 tons)

🟦 Norwegian Mackerel Imports & Price Trends – July 2025 UpdateBy the end of June 2025, South Korea had imported 38,501 t...
15/07/2025

🟦 Norwegian Mackerel Imports & Price Trends – July 2025 Update

By the end of June 2025, South Korea had imported 38,501 tons of frozen mackerel, marking a 51.4% increase compared to the same period in 2024. Among them, Norwegian mackerel dominated with 31,078 tons, accounting for 80.72% of the total.

📌 Average Import Prices:
Overall: USD 2.67/kg
Norway: USD 2.80/kg
China (3,424 tons): USD 1.85/kg
Others: UK (1,510 tons), Netherlands (1,167 tons)

📌 Domestic Wholesale Prices (Trawl, KRW):
300/500g: approx. KRW 96,000
400/600g: approx. KRW 98,000

As of the 3rd week of July 2025, prices have slightly declined:
300/500g: down 3% from June (KRW 99,000 → KRW 96,000)
400/600g: down 2% (KRW 100,000 → KRW 98,000)

👉 With import volumes surging, Norwegian mackerel prices are stabilizing with a slight downward trend in the Korean market.

🇺🇸 U.S. Seafood Imports to Korea Soar in June 2025!📈 +55% YoY import volume: 3,404 tons💵 +29% YoY import value: USD 10.2...
15/07/2025

🇺🇸 U.S. Seafood Imports to Korea Soar in June 2025!

📈 +55% YoY import volume: 3,404 tons
💵 +29% YoY import value: USD 10.21 million

🐟 Big gainers:
Frozen yellowfin sole +37%
Frozen po***ck +54%

📉 Decliners:
Frozen atka mackerel -12%
Frozen skate -27%

🔹 Jan–Jun total still down 16% in volume and 12% in value.
🔹 Avg. unit price: USD 3.31/kg

🇹🇼 Taiwanese Seafood Imports Plunge 43% in June 2025South Korea’s imports of Taiwanese seafood saw a significant decline...
14/07/2025

🇹🇼 Taiwanese Seafood Imports Plunge 43% in June 2025
South Korea’s imports of Taiwanese seafood saw a significant decline in June 2025, dropping to 1,105 tons, a 43% decrease compared to 1,937 tons in June 2024.

The cumulative import volume for the first half of 2025 reached 5,930 tons, down 21% from 7,507 tons during the same period last year. Taiwanese seafood accounted for just 1% of the total seafood import volume of 460,363 tons for June 2025.

📉 Import Trends by Product:
FROZEN SQUID : 1,514 tons (↓42%)
FROZEN MACKEREL PIKE : 827 tons (↓55%)
FROZEN SWORD FISH : 1,192 tons (↓8%)
FROZEN BIGEYE TUNA : 548 tons (↑372%)
Interestingly, FROZEN BIGEYE TUNA showed an exceptional increase, rising more than 370% from the same month in 2024.

💰 Decline in Import Value
The total import value of Taiwanese seafood in June 2025 was USD 5.43 million, marking a 22% decrease from USD 6.97 million in June 2024. The cumulative value for January–June 2025 stood at USD 27.23 million, down 7% from the previous year. However, the average import unit price rose to USD 4.59/kg, up 18% from USD 3.88/kg, indicating higher costs despite lower volumes.

🇹🇭 Thailand Seafood Imports Down 14% in H1 2025Korea’s seafood imports from Thailand totaled 5,395 tons from January to ...
11/07/2025

🇹🇭 Thailand Seafood Imports Down 14% in H1 2025

Korea’s seafood imports from Thailand totaled 5,395 tons from January to June 2025 — a 14% drop from last year.

📈 June alone saw a 2% increase, with notable changes:
🐙 FROZEN SMALL OCTOPUS: +1%
🍤 FROZEN WHITE LEG SHRIMP MEAT: +11%
🪼 SALTED JELLY FISH: -59%
🦑 FROZEN CUTTLE FISH: +8%

💰 June import value: USD 8.88M (↑28%)
📦 Avg. price: USD 7.91/kg (↑7%)

🔍 Volume is down, but prices are rising — a trend to watch in the Thai seafood market!

📈 Norwegian Seafood Imports to Korea Soar in First Half of 2025According to data compiled by UNION FORSEA CORP., South K...
10/07/2025

📈 Norwegian Seafood Imports to Korea Soar in First Half of 2025

According to data compiled by UNION FORSEA CORP., South Korea’s imports of Norwegian seafood surged significantly in the first half of 2025. In June alone, imports reached 4,629 tons, a 69% increase from 2,734 tons in June 2024. For the January–June period, total imports amounted to 52,297 tons, up 29% from 40,581 tons last year. Norwegian seafood made up 11% of Korea’s total seafood imports in June, which totaled 460,363 tons.

🔹 Top Items: Mackerel and Salmon

Frozen Mackerel remained the top item, with 31,078 tons imported — up 34% from the same period last year.

Frozen Mackerel Fillet also saw rapid growth, surging 74% to 3,727 tons.

Fresh Atlantic Salmon skyrocketed to 3,401 tons, marking a 125% increase year-over-year.

In contrast, Fresh Salmon (general) declined 11%, totaling 7,050 tons, down from 7,950 tons in June 2024 — possibly signaling a shift in consumer preference toward specific salmon varieties.

💰 Import Value & Price Trends

The import value of Norwegian seafood in June 2025 was USD 40.41 million, up 34% from the previous year.

Cumulative import value from January to June hit USD 318.5 million, showing an 11% increase compared to USD 287.78 million in 2024.

Interestingly, the average unit price fell to USD 6.09/kg, down 14% from USD 7.09/kg a year earlier, improving Norway’s price competitiveness in the Korean market.

With rising demand for mackerel and various salmon products, Norway continues to solidify its role as a key seafood supplier to South Korea.

Source : Union Forsea Corp.
https://www.forsea.co.kr/eng

H1 2025 Frozen Whiteleg Shrimp Imports: Saudi Arabia Leads the Market.According to UNION FORSEA CORP., Korea’s leading s...
08/07/2025

H1 2025 Frozen Whiteleg Shrimp Imports: Saudi Arabia Leads the Market.

According to UNION FORSEA CORP., Korea’s leading seafood platform, frozen whiteleg shrimp imports into South Korea saw a slight decline in the first half of 2025, while Saudi Arabia emerged as the top supplier.

From January to June 2025, Korea imported a total of 3,042 metric tons of frozen whiteleg shrimp — a 5.6% decrease compared to 3,225 tons during the same period in 2024. This represents about 0.7% of the country’s total seafood imports.

🌍 Top Exporting Countries:
Saudi Arabia: 1,761 tons (58% share)

Malaysia: 930 tons

Vietnam: 177 tons

Ecuador: 66 tons

Saudi shrimp stood out with the lowest average price at USD 5.81/kg, offering strong price competitiveness. By comparison, Malaysia's was USD 6.75/kg, and Ecuador's reached USD 7.45/kg.

💰 The total import value for the period was USD 19.24 million, marking a 5.6% decline year-on-year.

Source : Union Forsea Corp. https://www.forsea.co.kr/eng

Ecuadorian Seafood Imports Soar 136% in June!In June 2025, seafood imports from Ecuador to Korea surged 136% year-on-yea...
08/07/2025

Ecuadorian Seafood Imports Soar 136% in June!

In June 2025, seafood imports from Ecuador to Korea surged 136% year-on-year, reaching 1,193 tons. However, total imports for the year so far stand at 1,842 tons, down 40% from 3,093 tons in the same period last year.

📌 Top Imported Items in June
FROZEN SQUID TUBE : 732 tons
FROZEN SQUID : 693 tons
FROZEN SQUID TENTACLES : 213 tons
FROZEN WHITE LEG SHRIMP : 66 tons (-97% YoY)

💰 Import Value
June : USD 2.42 million (-2% YoY)
Cumulative : USD 4.47 million (-71% YoY)
Average import price : USD 2.43/kg
Out of the total seafood imports into Korea (406,363 tons), Ecuador accounted for just 0.4%.

🔍 While squid-related products saw a strong spike, the overall import value remains low. It will be interesting to see whether this is a temporary jump or a sign of recovery for Ecuadorian seafood!

Imports of Russian Seafood Drop 6% — Sharp Decline in Po***ck and HerringImports of Russian seafood to South Korea fell ...
07/07/2025

Imports of Russian Seafood Drop 6% — Sharp Decline in Po***ck and Herring

Imports of Russian seafood to South Korea fell by 6% in the first half of 2025, with key items such as frozen pollack and herring showing significant declines. In June 2025 alone, South Korea imported 14,741 tons of Russian seafood, remaining nearly flat compared to 14,759 tons in the same month of 2024. However, the cumulative imports from January to June totaled 120,833 tons, a 6% decrease from the 129,199 tons recorded during the same period last year. Russian seafood accounted for 26% of South Korea’s total seafood imports, which stood at 460,363 tons in the first half of 2025.

Breakdown by product shows:
FROZEN POLLACK imports were 57,036 tons, down 11% from 64,175 tons in 2024.
FROZEN ALASKA POLLACK ROE amounted to 10,423 tons, a 3% decline from 10,771 tons.
FROZEN ALASKA POLLACK MILT reached 7,072 tons, down 16% from 8,442 tons.
FROZEN PACIFIC HERRING dropped sharply to 6,459 tons, a 39% plunge from 10,572 tons last year.
In contrast, FROZEN SARDINE imports surged to 8,540 tons, compared to only 68 tons in the same period last year — a significant increase, indicating a rising interest in alternative species.

In terms of import value,
June 2025 imports amounted to USD 50.38 million, a 13% decrease from USD 57.88 million in June 2024. The cumulative import value for January to June stood at USD 388.77 million, down 3% from USD 400.67 million last year. Despite the volume decline, the average import unit price rose to USD 3.22/kg, up 4% from USD 3.10/kg in the previous year, indicating upward pressure on pricing. With the shrinking supply of Russian pollack and herring, price volatility is likely to increase in the second half of the year, Attention is shifting to alternative items like sardines.

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