Key Market Indicators
The country ranked number 11 in 2021, Malaysia overtook at 715.95 Thousand Metric Tons. Indonesia, India and Vietnam respectively ranked numbers 1, 2 and 3 in this ranking. Korea's salmon imports are expected to reach $318 million by 2026, an increase of 4.3% year-on-year from $244 million in 2021. Since 2000, the Korean market has grown by 12% year-on-year. Fish production in Korea is projected to reach 2.8 million metric tons by 2026, 2.2% higher year-on-year from 2.4 million metric tons in 2021. Since 1965, the Korean supply has grown by 5.2% year-on-year. In 2021, it ranked 6th, with Bangladesh overtaking it at 2.4 million metric tons. Indonesia, India, and Vietnam respectively ranked 2nd, 3rd, and 4th. Fish consumption in Korea is set to fall to 722,000 metric tons by 2026, a 0.1% year-on-year decrease from 716,000 metric tons in 2021. Since 2017, Korean demand has dropped by 1.6% year-on-year. In 2021, it ranked 11th, with Malaysia overtaking it at 716,000 metric tons. Indonesia, India, and Vietnam respectively ranked 1st, 2nd, and 3rd.
