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South Korea Lobster Industry Outlook 2022 - 2026

See how South Korea Lobster performed compared to key markets such as the United States and China.

Key Market Indicators

Korea's lobster import is predicted to jump by 3% annually, reaching 5 million kilograms by 2026. Already ranking third in 2021 at 4.2 million kilograms, the country has seen a steady rise in demand since 1993. China and South Korea were the top two importers, followed by Italy. Korea's lobster export is expected to reach 4,440 kilograms by 2026, increasing at an average rate of 4.2% year-on-year. In 2021, the country ranked 35th with 3,440 kilograms imported. Norway topped the list, with the United States, the United Kingdom and the Philippines following in rank. Since 1993, Korea's supply has grown by 26.2%.

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