What is the price of barley per kilogram/pound in South Korea today?
The retail price range for South Korea barley is between US$ 0.87 and US$ 3.19 per kilogram or between US$ 0.39 and US$ 1.45 per pound(lb). Click here to see today's exact prices of barley in South Korea
The retail price range in South Korean won for barley is between KRW 1,158.84 and KRW 4,249.08 per kilogram or between KRW 525.55 and KRW 1,927.02 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea barley is between US$ 0.61 and US$ 2.23 per kilogram or between US$ 0.28 and US$ 1.01 per pound(lb).
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South Korea Barley Export Prices - Historical, Trends and Prediction
The export price per kilogram of Barley from South Korea over the last five years has been quite varied. In 2017, the price was 2.21 US $ per kg, which was the lowest in the five year period. This was followed by a sharp increase in 2018 to 0.27 US $ per kg. In 2019, the price rose again to 2.58 US $ per kg, and then further increased to 3.21 US $ per kg in 2020. The price then dropped slightly to 2.93 US $ per kg in 2021, before rising again to 2.95 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Barley from South Korea in 2023 will be around 3.00 US $ per kg, and in 2024 will be around 3.05 US $ per kg.The exports of barley from South Korea are classified as:
- Hulled, pearled, sliced, kibbled or otherwise worked grains of barley (excluding barley flour) (HS code 110421)
- Barley (HS code 1003)
- Barley (excluding seed for sowing) (HS code 100390)
- Barley (HS code 100300)
- Rolled or flaked grains of barley (HS code 110411)
- Barley seed for sowing (HS code 100310)
South Korea Barley Import Prices - Historical, Trends and Prediction
The import price per kilogram of Barley into South Korea has seen a steady increase over the last five years. In 2017, the price was 2.21 US dollars per kg, and in 2021 it was 2.93 US dollars per kg. This represents an increase of 32.2% over the five year period. The highest price was in 2020, when it reached 3.21 US dollars per kg. The lowest price was in 2018, when it dropped to 0.27 US dollars per kg. Based on this data, it is likely that the import price per kilogram of Barley into South Korea will continue to increase in the next two years. We predict that the price in 2023 will be 3.14 US dollars per kg, and in 2024 it will be 3.27 US dollars per kg.Export values for South Korea barley
The total values in export for barley in South Korea were US$ 253, US$ 545, US$ 868 and US$ 214 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in South Korea: Wheat, Rye, Oats, Maize, Rice, Sorghum, Buckwheet, Millet, Canary seed & Fonio.
See prices of barley in other countries across Asia: Kazakhstan barley, Kyrgyzstan barley, Tajikistan barley, Turkmenistan barley, Uzbekistan barley, China barley, Hong Kong barley, Macao barley, North Korea barley & Mongolia barley.
South Korea barley - Production, Exports, Imports, Seasons and HS Codes
The volume of barley shipped by South Korea in 2020 was 98 tons. In 2019 South Korea shipped 83 tonnes of barley. For 2019 alone, the market for South Korea barley (cereals/grains category) has shrunk, with a change of -97.437 per cent compared to the year 2018. Between 2017 and 2019, barley's exports decreased by -66.4 percent earning South Korea US$0.21m for the year 2019. South Korea's barley exports are categorised as:
- Barley seed for sowing (HS code 100310)
- Hulled, pearled, sliced, kibbled or otherwise worked grains of barley (excluding barley flour) (HS code 110421)
- Rolled or flaked grains of barley (HS code 110411)
- Barley (HS code 1003)
- Barley (excluding seed for sowing) (HS code 100390)
- Barley (HS code 100300)
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South Korea barley export values
In 2019, South Korea supplied barley worth 0.21m USD, a drop of -75.81% from 2018's total barley export of 0.868m USD. The yearly change in value of South Korea barley between 2017 to 2018 was 59.266 pc.
The annual variation in the amount of South Korea's barley exports between 2017 and 2019 was -66.4 percent when compared to a variation of -97.437% in the growth rate between 2018 and 2019.
South Korea's portion of the world's total barley's exports in 2019 was less than 1%. The country holds number 26 in world exports of barley.
Export markets for South Korea barley ( in '000$ )
South Korea's top export markets for barley are China, Hong Kong, Russia, Mongolia and Cambodia.
Import/Export Trends
South Korea is a net importer of barley. The annual growth of South Korea barley in value between 2015 to 2019 was 300%, per year, while annual growth in quantity was %, per annum.
South Korea bought 67,708 tonnes of barley in 2019.
Production
The production of barley in South Korea was 821,490 tonnes in 2019 and is projected to change by an average of 33.31%. The country had approximately 262,314.00 hectares under barley cultivation.