What is the price of chicory roots per kilogram/pound in South Korea today?
The retail price range for South Korea chicory roots is between US$ 5.86 and US$ 6.35 per kilogram or between US$ 2.66 and US$ 2.88 per pound(lb). Click here to see today's exact prices of chicory roots in South Korea
The retail price range in South Korean won for chicory roots is between KRW 7,815.13 and KRW 8,471.86 per kilogram or between KRW 3,544.28 and KRW 3,842.11 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea chicory roots is between US$ 4.10 and US$ 4.45 per kilogram or between US$ 1.86 and US$ 2.02 per pound(lb).
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South Korea Chicory Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Chicory roots from South Korea has seen a variety of fluctuations over the past five years. In 2017, the price was 10.65 US dollars per kg, followed by a decrease to 7.21 US dollars per kg in 2018. In 2019, the price dropped further to 5.01 US dollars per kg, before increasing to 11.36 US dollars per kg in 2020. The price then rose to 13.1 US dollars per kg in 2021, before reaching its highest point of 21.83 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Chicory roots from South Korea will be around 23.50 US dollars per kg in 2023 and 25.20 US dollars per kg in 2024.South Korea Chicory Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chicory roots into South Korea has seen a significant fluctuation over the last five years. In 2016, the price was at its lowest at 5.31 US dollars per kg, before rising to a peak of 22.86 US dollars per kg in 2015. Since then, the price has been on a downward trend, with the most recent price in 2021 being 13.1 US dollars per kg. This is a decrease of 41.3% from the peak in 2015. Looking ahead, we can predict that the import price of Chicory roots into South Korea will continue to decrease in the next two years, with an estimated price of 11.36 US dollars per kg in 2023 and 9.21 US dollars per kg in 2024.Export values for South Korea chicory roots
The total values in export for chicory roots in South Korea were US$ 170, US$ 213, US$ 454 and US$ 566 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in South Korea: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Ginseng roots & Cocoyam.
See prices of chicory roots in other countries across Asia: Kazakhstan chicory roots, Kyrgyzstan chicory roots, Tajikistan chicory roots, Turkmenistan chicory roots, Uzbekistan chicory roots, China chicory roots, Hong Kong chicory roots, Macao chicory roots, North Korea chicory roots & Mongolia chicory roots.
South Korea chicory roots - Production, Exports, Imports, Seasons and HS Codes
The quantity of chicory roots exported by South Korea in 2020 was 33 metric tonnes. In 2019 South Korea shipped 113 tonnes of chicory roots. For the year 2019 alone, the market for South Korea chicory roots (tubers category) has gone up, flactuating by 79.365 per cent compared to the year 2018. Between 2017 and 2019, chicory roots' exports grew by 465 pc netting South Korea US$0.57m for the year 2019. South Korea's chicory roots exports are categorised as:
- Fruit stones and kernels and other vegetable products, incl. unroasted chicory roots of the variety cichorium intybus sativum, of a kind used primarily for human consumption, n.e.s. (HS code 121299)
- Chicory roots, fresh, chilled, frozen or dried, whether or not ground (HS code 121294)
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South Korea chicory roots export values
In 2019, South Korea exported chicory roots worth 0.57m USD, a surge of 25.55% from 2018's total chicory roots export of 0.454m USD. The annual growth in value of South Korea chicory roots between 2017 to 2018 was 113.146%.
The per year variation in the volume of South Korea's chicory roots exports between 2017 and 2019 was 465 pc compared to a variation of 79.365% in the period between 2018 and 2019.
Export markets for South Korea chicory roots ( in '000$ )
South Korea bought 6,069 tonnes of chicory roots in 2019.