What is the price of essential oils per kilogram/pound in North Korea today?
The retail price range for North Korea essential oils is between US$ 0.49 and US$ 6.06 per kilogram or between US$ 0.22 and US$ 2.75 per pound(lb). Click here to see today's exact prices of essential oils in North Korea
The retail price range in North Korean won for essential oils is between KPW 440.27 and KPW 5,459.35 per kilogram or between KPW 199.67 and KPW 2,475.90 per pound(lb) in Pyongyang and Hamhung.
Wholesale prices
In 2024, the approximate wholesale price range for North Korea essential oils is between US$ 0.34 and US$ 4.24 per kilogram or between US$ 0.16 and US$ 1.92 per pound(lb).
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North Korea Essential Oils Export Prices - Historical, Trends and Prediction
The export prices of Essential Oils from North Korea have seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram in 2022 was $3.05. Overall, the export prices of Essential Oils from North Korea have increased by 24.5% over the past five years. It is likely that the prices will continue to increase in the coming years, with an estimated price of $3.20 in 2023 and $3.35 in 2024.North Korea Essential Oils Import Prices - Historical, Trends and Prediction
The import prices of Essential Oils into North Korea have seen a steady increase over the past five years. In 2018, the import price per kilogram of Essential Oils was $2.50. This increased to $2.90 in 2019, and then to $3.20 in 2020. In 2021, the import price per kilogram of Essential Oils rose to $3.50, and then to $3.80 in 2022. This indicates a steady increase in the import price of Essential Oils into North Korea over the past five years. Looking ahead, it is likely that the import price of Essential Oils into North Korea will continue to increase in the coming years. We can expect the import price per kilogram of Essential Oils to reach $4.10 in 2023 and $4.40 in 2024.Export values for North Korea essential oils
The total values in export for essential oils in North Korea were US$ 665, US$ 1,055, US$ 1,344 and US$ 713 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in North Korea: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of essential oils in other countries across Asia: Kazakhstan essential oils, Kyrgyzstan essential oils, Tajikistan essential oils, Turkmenistan essential oils, Uzbekistan essential oils, China essential oils, Hong Kong essential oils, Macao essential oils, North Korea essential oils & Mongolia essential oils.
North Korea essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 North Korea exported 45 tonnes of essential oils. In 2019 alone, the market for North Korea essential oils (processed category) has gone down, recording a change of -43.038 % compared to the year 2018. Between 2017 and 2019, essential oils' exports decreased by -33.82 percent netting North Korea US$0.71m for the year 2019. North Korea's essential oils exports are categorised as:
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
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North Korea essential oils export values
In 2019, North Korea supplied essential oils costing 0.71m USD, a decrease of -47.17% from 2018's total essential oils export of 1.344m USD. The yearly reduction in value of North Korea essential oils between 2017 to 2018 was 27.393 percent.
The per year change in the quantity of North Korea's essential oils exports between 2017 and 2019 was -33.82 pc when compared to a variation of -43.038% in the growth rate between 2018 and 2019.
Export markets for North Korea essential oils ( in '000$ )
North Korea bought 6 tonnes of essential oils in 2019.