What is the price of beeswax per kilogram/pound in South Korea today?
The retail price range for South Korea beeswax is between US$ 8.30 and US$ 13.17 per kilogram or between US$ 3.76 and US$ 5.97 per pound(lb). Click here to see today's exact prices of beeswax in South Korea
The retail price range in South Korean won for beeswax is between KRW 11,060.20 and KRW 17,566.20 per kilogram or between KRW 5,015.96 and KRW 7,966.53 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea beeswax is between US$ 5.81 and US$ 9.22 per kilogram or between US$ 2.63 and US$ 4.18 per pound(lb).
Related: Kenya Beeswax prices, South Africa Beeswax prices, Malaysia Beeswax prices, Philippines Beeswax prices, India Beeswax prices, United Arab Emirates (UAE) Beeswax prices, Canada Beeswax prices, US Beeswax prices, Australia Beeswax prices, New Zealand Beeswax prices, Germany Beeswax prices, Netherlands Beeswax prices, Spain Beeswax prices, United Kingdom (UK) Beeswax prices,
Price Finder Tool
Search for prices of South Korea beeswax and other products in different countries.
South Korea Beeswax Export Prices - Historical, Trends and Prediction
The export price of Beeswax from South Korea over the last five years has been quite volatile. In 2017, the price per kilogram was 17.30 US dollars, followed by a sharp drop to 16.23 US dollars in 2018. In 2019, the price rose to 16.47 US dollars, and then increased further to 18.15 US dollars in 2020. The price then dropped slightly to 17.43 US dollars in 2021, before falling to 14.92 US dollars in 2022. Based on this data, it is likely that the export price of Beeswax from South Korea will remain around the 15 US dollar mark in 2023 and 2024.The exports of beeswax from South Korea are categorised as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
South Korea Beeswax Import Prices - Historical, Trends and Prediction
The import price of Beeswax into South Korea has been quite volatile over the past five years. In 2017, the price per kilogram was 17.30 US dollars, which was the highest in the five year period. This was followed by a sharp decline in 2018 to 16.23 US dollars. In 2019, the price rose slightly to 16.47 US dollars, before increasing again in 2020 to 18.15 US dollars. The price then dropped to 17.43 US dollars in 2021, before declining further to 14.92 US dollars in 2022. Based on the data, it is likely that the import price of Beeswax into South Korea will remain relatively stable in the next two years. We predict that the price in 2023 will be around 16.50 US dollars per kilogram, and in 2024 it will be around 15.50 US dollars per kilogram.Export values for South Korea beeswax
The total values in export for beeswax in South Korea were US$ 368, US$ 692, US$ 357 and US$ 280 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Korea: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of beeswax in other countries across Asia: Kazakhstan beeswax, Kyrgyzstan beeswax, Tajikistan beeswax, Turkmenistan beeswax, Uzbekistan beeswax, China beeswax, Hong Kong beeswax, Macao beeswax, North Korea beeswax & Mongolia beeswax.
South Korea beeswax - Production, Exports, Imports, Seasons and HS Codes
The amount of beeswax exported by South Korea in 2020 was 13 metric tonnes. In 2019 South Korea exported 17 tonnes of beeswax. Across 2019 alone, the interest in South Korea beeswax (processed category) has shrunk, flactuating by -22.727 per cent compared to the year 2018. Between 2017 and 2019, beeswax' exports reduced by -57.5 percent bringing the exporter US$0.28m for the year 2019. South Korea's beeswax exports are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
Are you a producer of beeswax or other products?
Sign up today for FREE to buy or sell beeswax.
South Korea beeswax export values
In 2019, South Korea supplied beeswax valued at 0.28m USD, a contraction of -21.57% from 2018's total beeswax export of 0.357m USD. The yearly reduction in value of South Korea beeswax between 2017 to 2018 was -48.41%.
The annual/yearly variation in the quantity of South Korea's beeswax exports between 2017 and 2019 was -57.5 per cent when compared to a variation of -22.727% in the growth rate between 2018 and 2019.
South Korea's portion of the world's total beeswax' exports in 2019 was less than 1%. South Korea is ranked position 37 in world exports of beeswax.
Export markets for South Korea beeswax ( in '000$ )
South Korea's leading export markets for beeswax are China, Thailand, US, India and Vietnam.
Import/Export Trends
South Korea is a net importer of beeswax. The annual growth of South Korea beeswax in value between 2015 to 2019 was -22%, per annum, while annual growth in quantity through the same period was -19%, per annum.
South Korea purchased 329 tonnes of beeswax in 2019.