What is the price of fish liver oil per kilogram/pound in South Korea today?
The retail price range for South Korea fish liver oil is between US$ 0.16 and US$ 3.37 per kilogram or between US$ 0.07 and US$ 1.53 per pound(lb). Click here to see today's exact prices of fish liver oil in South Korea
The retail price range in South Korean won for fish liver oil is between KRW 218.17 and KRW 4,491.67 per kilogram or between KRW 98.94 and KRW 2,037.04 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea fish liver oil is between US$ 0.11 and US$ 2.36 per kilogram or between US$ 0.05 and US$ 1.07 per pound(lb).
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South Korea Fish Liver Oil Export Prices - Historical, Trends and Prediction
The export price of Fish Liver Oil from South Korea has seen a steady decline over the last five years. In 2017, the price was 1.88 US$ per kg, which dropped to 1.85 US$ per kg in 2018 and further to 1.99 US$ per kg in 2020. The lowest price was recorded in 2016 at 1.76 US$ per kg. However, the price has seen an increase in 2021, reaching 2.29 US$ per kg. The latest data shows that the export price of Fish Liver Oil from South Korea is 2.44 US$ per kg. Based on the current trend, it is predicted that the export price of Fish Liver Oil from South Korea will be 2.59 US$ per kg in 2023 and 2.73 US$ per kg in 2024.South Korea Fish Liver Oil Import Prices - Historical, Trends and Prediction
The import price of Fish Liver Oil into South Korea has seen a fluctuating trend over the last five years. In 2012, the price per kilogram was 2.82 US dollars, which dropped to 2.44 US dollars in 2013. The price then decreased further to 2.38 US dollars in 2014, before increasing to 2.88 US dollars in 2015. In 2016, the price dropped to 1.76 US dollars, before increasing to 1.88 US dollars in 2017. The price then decreased to 1.85 US dollars in 2018, before increasing to 2.05 US dollars in 2019. In 2020, the price dropped to 1.99 US dollars, before increasing to 2.29 US dollars in 2021. The latest data shows that the price per kilogram of Fish Liver Oil into South Korea is 2.44 US dollars in 2022. Based on the data, it is predicted that the import price of Fish Liver Oil into South Korea will increase to 2.59 US dollars in 2023 and 2.74 US dollars in 2024.Export values for South Korea fish liver oil
The total values in export for fish liver oil in South Korea were US$ 2,555, US$ 1,920, US$ 1,510 and US$ 1,775 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 fish liver oil in other countries across Asia: Kazakhstan fish liver oil, Kyrgyzstan fish liver oil, Tajikistan fish liver oil, Turkmenistan fish liver oil, Uzbekistan fish liver oil, China fish liver oil, Hong Kong fish liver oil, Macao fish liver oil, North Korea fish liver oil & Mongolia fish liver oil.
South Korea fish liver oil - Production, Exports, Imports, Seasons and HS Codes
The amount of fish liver oil shipped by South Korea in 2020 was 541 metric tonnes. In 2019 South Korea sold 864 tonnes of fish liver oil. For 2019 alone, the interest in South Korea fish liver oil (processed category) has surged, changing by 5.623 pc compared to the year 2018. Between 2017 and 2019, fish liver oil's exports decreased by -15.46 pc netting South Korea US$1.78m for the year 2019. South Korea's fish liver oil exports are categorised as:
- Fish-liver oils and their fractions, whether or not refined (excluding chemically modified) (HS code 150410)
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South Korea fish liver oil export values
In 2019, South Korea shipped fish liver oil valued at 1.78m USD, a growth of 17.88% from 2018's total fish liver oil export of 1.51m USD. The yearly growth in value of South Korea fish liver oil between 2017 to 2018 was -21.354%.
The yearly variation in the volume of South Korea's fish liver oil exports between 2017 and 2019 was -15.46 pc compared to a variation of 5.623% in the period between 2018 and 2019.
South Korea's share of the world's total fish liver oil's exports in 2019 was 1.1%. South Korea is ranked position 18 in world exports of fish liver oil.
Export markets for South Korea fish liver oil ( in '000$ )
Import/Export Trends
South Korea is a net importer of fish liver oil. The annual growth of South Korea fish liver oil in value between 2015 to 2019 was 27%, per year, while annual growth in quantity through the same period was 24%, per annum.
South Korea brought in 42 tonnes of fish liver oil in 2019.