What is the price of butter per kilogram/pound in South Korea today?
The retail price range for South Korea butter is between US$ 2.38 and US$ 6.31 per kilogram or between US$ 1.08 and US$ 2.86 per pound(lb). Click here to see today's exact prices of butter in South Korea
The retail price range in South Korean won for butter is between KRW 3,179.38 and KRW 8,418.29 per kilogram or between KRW 1,441.90 and KRW 3,817.82 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea butter is between US$ 1.67 and US$ 4.42 per kilogram or between US$ 0.76 and US$ 2.00 per pound(lb).
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South Korea Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from South Korea has seen a steady decline over the last five years. In 2017, the price was 5.13 US $ per kg, followed by 2.00 US $ per kg in 2018. In 2019, the price increased slightly to 3.76 US $ per kg, before rising to 5.22 US $ per kg in 2020. The price then jumped to 10.50 US $ per kg in 2021. The most recent data shows the price has dropped to 2.64 US $ per kg in 2022. Based on this trend, it is likely that the export price per kilogram of Butter from South Korea will continue to decrease in 2023 and 2024.South Korea Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into South Korea has seen a significant decrease over the last five years. In 2012, the price was 21.00 US dollars per kg, but by 2017, it had dropped to 5.13 US dollars per kg. This trend continued in 2018, when the price fell to 2.00 US dollars per kg, the lowest price in the last five years. In 2019, the price rose slightly to 3.76 US dollars per kg, before increasing again in 2020 to 5.22 US dollars per kg. The price then rose to 10.50 US dollars per kg in 2021, before dropping again to 2.64 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Butter into South Korea will continue to fluctuate in the coming years. We predict that the price in 2023 will be around 5.00 US dollars per kg, and in 2024, the price will be around 4.00 US dollars per kg.Export values for South Korea butter
The total values in export for butter in South Korea were US$ 126, US$ 77, US$ 94 and US$ 267 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, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of butter in other countries across Asia: Kazakhstan butter, Kyrgyzstan butter, Tajikistan butter, Turkmenistan butter, Uzbekistan butter, China butter, Hong Kong butter, Macao butter, North Korea butter & Mongolia butter.
South Korea butter - Production, Exports, Imports, Seasons and HS Codes
The quantity of butter exported by South Korea in 2020 was 101 tons. In 2019 South Korea shipped 71 tonnes of butter. In 2019 alone, the demand for South Korea butter (processed category) has escalated, flactuating by 51.064 percent compared to the year 2018. Between 2017 and 2019, butter's exports grew by 373.33 pc netting the country US$0.27m for the year 2019. South Korea's butter exports are categorised as:
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
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South Korea butter export values
In 2019, South Korea sold butter valued at 0.27m USD, an increment of 187.23% from 2018's total butter export of 0.094m USD. The yearly change in value of South Korea butter between 2017 to 2018 was 22.078 per cent.
The annual change in the amount of South Korea's butter exports between 2017 and 2019 was 373.33 pc in comparison to a variation of 51.064% in the period between 2018 and 2019.
Export markets for South Korea butter ( in '000$ )
South Korea bought 14,291 tonnes of butter in 2019.