Photo: Union Forsea Corp.

Norwegian Seafood Imports into South Korea Surge 37%

SOUTH KOREA
Friday, April 04, 2025, 05:50 (GMT + 9)

South Korea's imports of Norwegian seafood experienced a significant 37% increase in volume through March 2025, compared to the same period last year.

The cumulative import volume reached 31,781 tons, an increase of 8,520 tons from 2024's 23,261 tons. This represents 14% of South Korea's total seafood imports, which stand at 234,669 tons.

In March 2025 alone, 6,703 tons of Norwegian seafood were imported, a 33% increase from the 5,058 tons imported in March 2024.

Analyzing imports by category, frozen mackerel saw a substantial 47% increase, reaching 21,663 tons compared to 14,746 tons in the previous year. Conversely, fresh salmon imports declined by 21%, falling to 3,207 tons from 4,040 tons. Notably, frozen mackerel fillets (1,805 tons, up 112%), fresh Atlantic salmon (1,706 tons, up 125%), and fresh salmon fillets (1,273 tons, up 13%) all recorded double-digit growth.

The import value of Norwegian seafood also demonstrated an upward trend. In March 2025, the total import value reached USD 47.01 million, a 6% increase from USD 44.27 million in the previous year. The cumulative import value for the year reached USD 187.03 million, a 21% increase from USD 154.91 million in 2024. However, the average import price decreased by 12%, falling to USD 5.89 per kilogram from USD 6.66 per kilogram in the same period last year. This price reduction is attributed to market adjustments resulting from increased import volumes and general market fluctuations.

Source: Union Forsea Corp.

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