What is the price of cotton per kilogram/pound in South Korea today?
The retail price range for South Korea cotton is between US$ 0.81 and US$ 2.21 per kilogram or between US$ 0.37 and US$ 1.00 per pound(lb). Click here to see today's exact prices of cotton in South Korea
The retail price range in South Korean won for cotton is between KRW 1,086.64 and KRW 2,945.70 per kilogram or between KRW 492.81 and KRW 1,335.92 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea cotton is between US$ 0.57 and US$ 1.55 per kilogram or between US$ 0.26 and US$ 0.70 per pound(lb).
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South Korea Cotton Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cotton from South Korea has seen a steady decline over the last five years. In 2012, the price was $1.41, and by 2016 it had dropped to $1.09. However, in 2017 the price rose to $1.42, and then increased further to $1.44 in 2019. The latest data shows that the price has risen to $1.47 in 2020. Looking ahead, it is predicted that the export price per kilogram of Cotton from South Korea will remain at $1.42 in 2021, and then increase to $1.70 in 2022. For 2023 and 2024, it is predicted that the export price per kilogram of Cotton from South Korea will remain at $1.70.The exports of cotton from South Korea are categorised as:
- Cotton, neither carded nor combed (HS code 520100)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Garnetted stock of cotton (HS code 520291)
- Cotton, carded or combed (HS code 520300)
- Cotton linters (HS code 140420)
South Korea Cotton Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cotton into South Korea has been relatively stable over the last five years. In 2017, the price was $1.42, followed by $1.39 in 2018, $1.44 in 2019, $1.47 in 2020, and $1.42 in 2021. This indicates that the price has been fluctuating around the $1.40 mark. Looking ahead, we can predict that the import price per kilogram of Cotton into South Korea will remain around the $1.40 mark in 2023 and 2024.Export values for South Korea cotton
The total values in export for cotton in South Korea were US$ 16,582, US$ 24,397, US$ 22,918 and US$ 25,452 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 cotton in other countries across Asia: Kazakhstan cotton, Kyrgyzstan cotton, Tajikistan cotton, Turkmenistan cotton, Uzbekistan cotton, China cotton, Hong Kong cotton, Macao cotton, North Korea cotton & Mongolia cotton.
South Korea cotton - Production, Exports, Imports, Seasons and HS Codes
The volume of cotton shipped by South Korea in 2020 was 11,610 tonnes. In 2019 South Korea sold 17,615 tonnes of cotton. Across 2019 alone, the interest in South Korea cotton (processed category) has improved, recording a change of 7.082 % compared to the year 2018. Between 2017 and 2019, cotton's exports went up by 2.18% bringing the exporter US$25.45m for the year 2019. South Korea's cotton exports are classified as:
- Cotton, carded or combed (HS code 520300)
- Garnetted stock of cotton (HS code 520291)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton linters (HS code 140420)
- Cotton yarn waste, incl. thread waste (HS code 520210)
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South Korea cotton export values
In 2019, South Korea exported cotton valued at 25.45m USD, a surge of 11.05% from 2018's total cotton export of 22.918m USD. The yearly change in value of South Korea cotton between 2017 to 2018 was -6.062 per cent.
The annual/yearly change in the quantity of South Korea's cotton exports between 2017 and 2019 was 2.18 percent in comparison to a variation of 7.082% in the period between 2018 and 2019.
South Korea's share of the world's total cotton's exports in 2019 was 4.1%. South Korea holds position 7 in world exports of cotton.
Export markets for South Korea cotton ( in '000$ )
South Korea's top destinations for cotton are Vietnam, US, Malaysia, Indonesia and Japan.
Import/Export Trends
South Korea is a net exporter of cotton. The annual growth of South Korea cotton in value between 2015 to 2019 was -5%, per annum, while annual growth in quantity through the same period was -7%, per annum.
South Korea procured 146,164 tonnes of cotton in 2019.