What is the price of abalone per kilogram/pound in South Korea today?
The retail price range for South Korea abalone is between US$ 29.66 and US$ 49.43 per kilogram or between US$ 13.45 and US$ 22.41 per pound(lb). Click here to see today's exact prices of abalone in South Korea
The retail price range in South Korean won for abalone is between KRW 39,540.00 and KRW 65,900.00 per kilogram or between KRW 17,931.97 and KRW 29,886.62 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea abalone is between US$ 20.76 and US$ 34.60 per kilogram or between US$ 9.41 and US$ 15.69 per pound(lb).
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South Korea Abalone Export Prices - Historical, Trends and Prediction
The export price per kilogram of Abalone from South Korea has seen a steady decline over the last five years. In 2012, the export price was 41.17 US dollars per kilogram, but by 2021, it had dropped to 25.48 US dollars per kilogram. The most recent data shows that in 2022, the export price was 25.27 US dollars per kilogram. Based on this trend, it is likely that the export price for Abalone from South Korea in 2023 will be around 24.05 US dollars per kilogram and in 2024, it will be around 22.83 US dollars per kilogram.South Korea Abalone Import Prices - Historical, Trends and Prediction
The import price per kilogram of Abalone into South Korea has seen a steady decline over the past five years. In 2017, the price was 30.02 US dollars per kilogram, and by 2021, it had dropped to 25.48 US dollars per kilogram. This represents a 15.2% decrease in the price of Abalone over the five-year period. The most significant drop in price occurred between 2016 and 2017, when the price fell from 28.79 US dollars per kilogram to 30.02 US dollars per kilogram, a decrease of 4.7%. The price of Abalone has remained relatively stable since then, with the most recent price being 25.27 US dollars per kilogram in 2022. Based on this trend, it is likely that the price of Abalone will continue to decrease in the next two years, with a predicted price of 24.06 US dollars per kilogram in 2023 and 22.85 US dollars per kilogram in 2024.Export values for South Korea abalone
The total values in export for abalone in South Korea were US$ 66,239, US$ 52,173, US$ 63,018 and US$ 61,586 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in South Korea: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
See prices of abalone in other countries across Asia: Kazakhstan abalone, Kyrgyzstan abalone, Tajikistan abalone, Turkmenistan abalone, Uzbekistan abalone, China abalone, Hong Kong abalone, Macao abalone, North Korea abalone & Mongolia abalone.
South Korea abalone - Production, Exports, Imports, Seasons and HS Codes
The volume of abalone sold by South Korea in 2020 was 1,916 metric tons. In 2019 South Korea sold 2,176 tonnes of abalone. Across 2019 alone, the market for South Korea abalone (fish category) has shrunk, with a change of -8.84 per cent compared to the year 2018. Between 2017 and 2019, abalone's exports grew by 25.2 percent netting South Korea US$61.59m for the year 2019. South Korea's abalone exports are categorised as:
- Smoked, frozen, dried, salted or in brine, abalone "Haliotis spp.", even in shell (HS code 030789)
- Smoked, dried, salted or in brine, even in shell, abalone "Haliotis spp." (HS code 030787)
- Live, fresh or chilled, even in shell, abalone "Haliotis spp." (HS code 030781)
- Abalone, prepared or preserved (excluding smoked) (HS code 160557)
- Frozen, even in shell, abalone "Haliotis spp." (HS code 030783)
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South Korea abalone export values
In 2019, South Korea supplied abalone worth 61.59m USD, a contraction of -2.27% from 2018's total abalone export of 63.018m USD. The annual reduction in value of South Korea abalone between 2017 to 2018 was 20.787 percent.
The annual variation in the quantity of South Korea's abalone exports between 2017 and 2019 was 25.2 per cent compared to a variation of -8.84% in the period between 2018 and 2019.
Export markets for South Korea abalone ( in '000$ )
South Korea ordered 797 tonnes of abalone in 2019.