What is the price of fresh cut flowers per kilogram/pound in South Korea today?
The retail price range for South Korea fresh cut flowers is between US$ 3.82 and US$ 6.20 per kilogram or between US$ 1.73 and US$ 2.81 per pound(lb). Click here to see today's exact prices of fresh cut flowers in South Korea
The retail price range in South Korean won for fresh cut flowers is between KRW 5,089.60 and KRW 8,270.60 per kilogram or between KRW 2,308.21 and KRW 3,750.84 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea fresh cut flowers is between US$ 2.67 and US$ 4.34 per kilogram or between US$ 1.21 and US$ 1.97 per pound(lb).
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South Korea Fresh Cut Flowers Export Prices - Historical, Trends and Prediction
The export price per kilogram of Fresh Cut Flowers from South Korea has seen a steady decline over the last five years. In 2017, the price was 12.78 US dollars per kg, but by 2021, it had dropped to 7.65 US dollars per kg. The most recent year, 2022, saw a slight increase to 8.57 US dollars per kg. This indicates that the export price of Fresh Cut Flowers from South Korea is likely to remain relatively stable in the near future. Based on this data, we can predict that the export price per kilogram of Fresh Cut Flowers from South Korea in 2023 will be around 8.50 US dollars per kg, and in 2024 will be around 8.60 US dollars per kg.South Korea Fresh Cut Flowers Import Prices - Historical, Trends and Prediction
The import price per kilogram of Fresh Cut Flowers into South Korea has been relatively stable over the last five years. In 2016, the price was 9.97 US dollars per kg, and in 2017 it rose to 12.78 US dollars per kg. However, in 2018 the price dropped to 10.72 US dollars per kg, and in 2019 it decreased further to 10.45 US dollars per kg. In 2020, the price dropped to 9.79 US dollars per kg, and in 2021 it decreased to 7.65 US dollars per kg. The most recent data shows that in 2022, the price was 8.57 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Fresh Cut Flowers into South Korea will remain relatively stable in 2023 and 2024, with an estimated price of 8.57 US dollars per kg and 8.58 US dollars per kg respectively.Export values for South Korea fresh cut flowers
The total values in export for fresh cut flowers in South Korea were US$ 1,296, US$ 1,546, US$ 793 and US$ 1,108 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Flowers category in South Korea: Roses, Roses , Carnations, Orchids, Chrysanthemums & Lilies.
See prices of fresh cut flowers in other countries across Asia: Kazakhstan fresh cut flowers, Kyrgyzstan fresh cut flowers, Tajikistan fresh cut flowers, Turkmenistan fresh cut flowers, Uzbekistan fresh cut flowers, China fresh cut flowers, Hong Kong fresh cut flowers, Macao fresh cut flowers, North Korea fresh cut flowers & Mongolia fresh cut flowers.
South Korea fresh cut flowers - Production, Exports, Imports, Seasons and HS Codes
The volume of fresh cut flowers shipped by South Korea in 2020 was 116 metric tons. In 2019 South Korea sold 106 tonnes of fresh cut flowers. For 2019 alone, the market for South Korea fresh cut flowers (flowers category) has climbed, flactuating by 43.243 per cent compared to the year 2018. Between 2017 and 2019, fresh cut flowers' exports went down by -12.4% bringing the nation US$1.11m for the year 2019. South Korea's fresh cut flowers exports are classified as:
- Fresh cut flowers and buds, of a kind suitable for bouquets or for ornamental purposes (excluding roses, carnations, orchids, chrysanthemums and lilies) (HS code 060319)
- Foliage, branches and other parts of plants, without flowers or flower buds, grasses, for bouquets or ornamental purposes, dried, dyed, bleached, impregnated or otherwise prepared (HS code 060499)
- Mosses and lichens for bouquets or for ornamental purposes, fresh, dried, dyed, bleached, impregnated or otherwise prepared (HS code 060410)
- Foliage, branches and other parts of plants, without flowers or flower buds, and grasses, mosses and lichens, being goods of a kind suitable for bouquets or for ornamental purposes, fresh (HS code 060420)
- Dried, dyed, bleached, impregnated or otherwise prepared cut flowers and buds, of a kind suitable for bouquets or for ornamental purposes (HS code 060390)
- Foliage, branches and other parts of plants, without flowers or flower buds, grasses, fresh, for bouquets or ornamental purposes (HS code 060491)
- Foliage, branches and other parts of plants, without flowers or flower buds, and grasses, mosses and lichens, being goods of a kind suitable for bouquets or for ornamental purposes, dried, dyed, bleached, impregnated or otherwise prepared (HS code 060490)
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South Korea fresh cut flowers export values
In 2019, South Korea supplied fresh cut flowers worth 1.11m USD, an improvement of 39.97% from 2018's total fresh cut flowers export of 0.793m USD. The yearly growth in value of South Korea fresh cut flowers between 2017 to 2018 was -48.706 percent.
The annual/yearly change in the quantity of South Korea's fresh cut flowers exports between 2017 and 2019 was -12.4 percent compared to a variation of 43.243% in the period between 2018 and 2019.
South Korea's share of the world's total fresh cut flowers' exports in 2019 was less than 1%. The country holds number 38 in world exports of fresh cut flowers.
Export markets for South Korea fresh cut flowers ( in '000$ )
South Korea bought 2,241 tonnes of fresh cut flowers in 2019.