What is the price of coffee per kilogram/pound in South Korea today?
The retail price range for South Korea coffee is between US$ 8.64 and US$ 14.40 per kilogram or between US$ 3.92 and US$ 6.53 per pound(lb). Click here to see today's exact prices of coffee in South Korea
The retail price range in South Korean won for coffee is between KRW 11,515.59 and KRW 19,201.19 per kilogram or between KRW 5,222.49 and KRW 8,708.02 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea coffee is between US$ 6.05 and US$ 10.08 per kilogram or between US$ 2.74 and US$ 4.57 per pound(lb).
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South Korea Coffee Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coffee from South Korea has seen a steady decline over the last five years. In 2017, the price was 7.41 US $ per kg, and in 2021 it was 5.29 US $ per kg. This represents a decrease of 28.3%. The lowest price was in 2020, when it was 5.53 US $ per kg. Looking ahead, we can predict that the export price per kilogram of Coffee from South Korea will remain relatively stable, with an estimated price of 5.43 US $ per kg in 2023 and 5.33 US $ per kg in 2024.The exports of coffee from South Korea are categorised as:
- Roasted, decaffeinated coffee (HS code 090122)
- Roasted coffee (excluding decaffeinated) (HS code 090121)
- Decaffeinated coffee (excluding roasted) (HS code 090112)
- Coffee (excluding roasted and decaffeinated) (HS code 090111)
South Korea Coffee Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coffee into South Korea over the last five years has been quite volatile. In 2016, the price was 8.26 US dollars per kg, followed by a decrease to 7.41 US dollars per kg in 2017. However, in 2018, the price rose to 11.41 US dollars per kg, before dropping to 6.59 US dollars per kg in 2019. The price then decreased further to 5.53 US dollars per kg in 2020 and 5.29 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of Coffee into South Korea is 6.43 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Coffee into South Korea will remain relatively stable in the next two years. It is expected that the price will be 6.43 US dollars per kg in 2023 and 6.44 US dollars per kg in 2024.Export values for South Korea coffee
The total values in export for coffee in South Korea were US$ 3,262, US$ 3,566, US$ 4,551 and US$ 3,787 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, Green Tea, Black Tea & Yerba mate.
See prices of coffee in other countries across Asia: Kazakhstan coffee, Kyrgyzstan coffee, Tajikistan coffee, Turkmenistan coffee, Uzbekistan coffee, China coffee, Hong Kong coffee, Macao coffee, North Korea coffee & Mongolia coffee.
South Korea coffee - Production, Exports, Imports, Seasons and HS Codes
The amount of coffee sold by South Korea in 2020 was 607 tons. In 2019 South Korea exported 575 tonnes of coffee. Through 2019 alone, the interest in South Korea coffee (processed category) has increased, with a change of 44.11 % compared to the year 2018. Between 2017 and 2019, coffee's exports increased by 19.54 pc netting South Korea US$3.79m for the year 2019. South Korea's coffee exports are classified as:
- Roasted coffee (excluding decaffeinated) (HS code 090121)
- Roasted, decaffeinated coffee (HS code 090122)
- Decaffeinated coffee (excluding roasted) (HS code 090112)
- Coffee (excluding roasted and decaffeinated) (HS code 090111)
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South Korea coffee export values
In 2019, South Korea shipped coffee costing 3.79m USD, a reduction of -16.72% from 2018's total coffee export of 4.551m USD. The yearly change in value of South Korea coffee between 2017 to 2018 was 27.622%.
The annual variation in the amount of South Korea's coffee exports between 2017 and 2019 was 19.54 percent compared to a variation of 44.11% in the period between 2018 and 2019.
Export markets for South Korea coffee ( in '000$ )
South Korea's leading export markets for coffee are Hong Kong, Germany, US, Russia and Saudi Arabia.
South Korea brought in 167,578 tonnes of coffee in 2019.