What is the price of vegetables per kilogram/pound in South Korea today?
The retail price range for South Korea vegetables is between US$ 0.65 and US$ 4.01 per kilogram or between US$ 0.29 and US$ 1.82 per pound(lb). Click here to see today's exact prices of vegetables in South Korea
The retail price range in South Korean won for vegetables is between KRW 864.66 and KRW 5,342.81 per kilogram or between KRW 392.13 and KRW 2,423.04 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea vegetables is between US$ 0.45 and US$ 2.80 per kilogram or between US$ 0.21 and US$ 1.27 per pound(lb).
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South Korea Vegetables Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vegetables from South Korea over the last five years has been steadily increasing. In 2017, the export price was 6.22 US $ per kg, and in 2021 it had risen to 8.46 US $ per kg. The highest price was in 2020, when it reached 7.74 US $ per kg. The lowest price was in 2015, when it was 4.86 US $ per kg. The current price is 8.15 US $ per kg. Based on this trend, it is likely that the export price of Vegetables from South Korea will continue to increase in the next two years, with an estimated price of 8.60 US $ per kg in 2023 and 8.90 US $ per kg in 2024.The South Korea vegetables exports are categorised as:
- Vegetables, uncooked or cooked by steaming or by boiling in water, frozen (excluding potatoes, leguminous vegetables, spinach, New Zealand spinach, orache spinach, and sweetcorn) (HS code 071080)
- Homogenised vegetables put up for retail sale as infant food or for dietetic purposes, in containers of <= 250 g (HS code 200510)
- Dried, shelled leguminous vegetables, whether or not skinned or split (excluding peas, chickpeas, beans, lentils, broad beans, horse beans and pigeon peas) (HS code 071390)
- Dried vegetables and mixtures of vegetables, whole, cut, sliced, broken or in powder, but not further prepared (excluding onions, mushrooms and truffles, not mixed) (HS code 071290)
- Fresh or chilled vegetables (excluding potatoes, tomatoes, vegetables of the Allium spp., cabbages of the genus Brassica, lettuces of the species Lactuca sativa and Cichorium, carrots, turnips, salad beetroot, salsify, celeriac, radishes and similar edible roots, cucumbers and gherkins, leguminous vegetables, asparagus, aubergines, mushrooms, truffles, fruits of the genus Capsicum or of the genus Pimenta, spinach, New Zealand spinach and orache spinach) (HS code 070990)
- Vegetables and mixtures of vegetables, prepared or preserved otherwise than by vinegar, non-frozen (excluding preserved by sugar, homogenized vegetables of subheading 2005.10, and tomatoes, mushrooms, truffles, potatoes, peas "Pisum sativum", beans "Vigna, Phaseolus", asparagus, olives and sweet corn "Zea Mays var. Saccharata", unmixed) (HS code 200590)
- Vegetables and mixtures of vegetables, prepared or preserved otherwise than by vinegar or acetic acid, frozen (excluding preserved by sugar, and tomatoes, mushrooms, truffles and potatoes, unmixed) (HS code 200490)
- Fresh or chilled vegetables n.e.s. (HS code 070999)
South Korea Vegetables Import Prices - Historical, Trends and Prediction
The import price per kilogram of vegetables into South Korea has been fluctuating over the past five years. In 2017, the price was 6.22 US dollars per kg, which was the highest in the five-year period. This was followed by a decrease in 2018 to 6.18 US dollars per kg. In 2019, the price dropped further to 5.32 US dollars per kg, which was the lowest in the five-year period. In 2020, the price increased to 7.74 US dollars per kg, and in 2021, it further increased to 8.46 US dollars per kg. The price in 2022 was 8.15 US dollars per kg. Based on the trend, it is expected that the import price per kilogram of vegetables into South Korea will be around 8.50 US dollars in 2023 and 8.75 US dollars in 2024.Export values for South Korea vegetables
The total values in export for vegetables in South Korea were US$ 4,810, US$ 5,652, US$ 6,525 and US$ 7,032 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Vegetables category in South Korea: Tomatoes, Onions, Leeks, Cauliflowers and broccoli, Brussels sprouts, Cabbages, Lettuce, Chicory, Carrots & beetroot, salsify & celeriac.
See prices of vegetables in other countries across Asia: Kazakhstan vegetables, Kyrgyzstan vegetables, Tajikistan vegetables, Turkmenistan vegetables, Uzbekistan vegetables, China vegetables, Hong Kong vegetables, Macao vegetables, North Korea vegetables & Mongolia vegetables.
South Korea vegetables - Production, Exports, Imports, Seasons and HS Codes
The amount of vegetables exported by South Korea in 2020 was 979 metric tonnes. In 2019 South Korea shipped 1,321 tonnes of vegetables. Through 2019 alone, the demand for South Korea vegetables (vegetables category) has gone up, with a change of 25.095 per cent compared to the year 2018. Between 2017 and 2019, vegetables' exports grew by 45.32 pc netting the exporter US$7.03m for the year 2019. South Korea's vegetables exports are categorised as:
- Dried, shelled leguminous vegetables, whether or not skinned or split (excluding peas, chickpeas, beans, lentils, broad beans, horse beans and pigeon peas) (HS code 071390)
- Vegetables and mixtures of vegetables, prepared or preserved otherwise than by vinegar, non-frozen (excluding preserved by sugar, homogenized vegetables of subheading 2005.10, and tomatoes, mushrooms, truffles, potatoes, peas "Pisum sativum", beans "Vigna, Phaseolus", asparagus, olives and sweet corn "Zea Mays var. Saccharata", unmixed) (HS code 200590)
- Homogenised vegetables put up for retail sale as infant food or for dietetic purposes, in containers of <= 250 g (HS code 200510)
- Dried vegetables and mixtures of vegetables, whole, cut, sliced, broken or in powder, but not further prepared (excluding onions, mushrooms and truffles, not mixed) (HS code 071290)
- Fresh or chilled vegetables (excluding potatoes, tomatoes, vegetables of the Allium spp., cabbages of the genus Brassica, lettuces of the species Lactuca sativa and Cichorium, carrots, turnips, salad beetroot, salsify, celeriac, radishes and similar edible roots, cucumbers and gherkins, leguminous vegetables, asparagus, aubergines, mushrooms, truffles, fruits of the genus Capsicum or of the genus Pimenta, spinach, New Zealand spinach and orache spinach) (HS code 070990)
- Fresh or chilled vegetables n.e.s. (HS code 070999)
- Vegetables, uncooked or cooked by steaming or by boiling in water, frozen (excluding potatoes, leguminous vegetables, spinach, New Zealand spinach, orache spinach, and sweetcorn) (HS code 071080)
- Vegetables and mixtures of vegetables, prepared or preserved otherwise than by vinegar or acetic acid, frozen (excluding preserved by sugar, and tomatoes, mushrooms, truffles and potatoes, unmixed) (HS code 200490)
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South Korea vegetables export values
In 2019, South Korea sold vegetables with a value of 7.03m USD, an increase of 7.74% from 2018's total vegetables export of 6.525m USD. The yearly change in value of South Korea vegetables between 2017 to 2018 was 15.446 per cent.
The per year variation in the amount of South Korea's vegetables exports between 2017 and 2019 was 45.32% compared to a variation of 25.095% in the period between 2018 and 2019.
Export markets for South Korea vegetables ( in '000$ )
South Korea's leading export markets for vegetables are Lebanon, US, Vanuatu, Japan and Ireland.
South Korea procured 375,211 tonnes of vegetables in 2019.
Production
The production of vegetables in South Korea was 25,409,232 tonnes in 2019 and is predicted to change by an average of -0.53%. The country had approximately 518,856.00 hectares under vegetables cultivation.