What is the price of ginger per kilogram/pound in South Korea today?
The retail price range for South Korea ginger is between US$ 8.52 and US$ 14.41 per kilogram or between US$ 3.87 and US$ 6.54 per pound(lb). Click here to see today's exact prices of ginger in South Korea
The retail price range in South Korean won for ginger is between KRW 11,364.43 and KRW 19,214.35 per kilogram or between KRW 5,153.93 and KRW 8,713.99 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea ginger is between US$ 5.97 and US$ 10.09 per kilogram or between US$ 2.71 and US$ 4.57 per pound(lb).
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South Korea Ginger Export Prices - Historical, Trends and Prediction
The export price per kilogram of Ginger from South Korea has seen a significant fluctuation over the last five years. In 2017, the price was at its highest at 15.00 US dollars per kg, before dropping to its lowest in 2016 at 0.56 US dollars per kg. Since then, the price has been steadily increasing, reaching 20.00 US dollars per kg in 2020. The current price stands at 4.21 US dollars per kg. Based on the current trend, it is predicted that the export price of Ginger from South Korea will be 8.00 US dollars per kg in 2023 and 20.00 US dollars per kg in 2024.The South Korea ginger exports are classified as:
- Ginger (HS code 091010)
- Ginger, crushed or ground (HS code 091012)
- Ginger, neither crushed nor ground (HS code 091011)
South Korea Ginger Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginger into South Korea has seen a significant fluctuation over the past five years. In 2017, the price was at its highest at $15.00, before dropping to its lowest in 2016 at $0.56. Since then, the price has been steadily increasing, reaching $20.00 in 2020. The current price stands at $4.21 in 2021. Looking ahead, it is likely that the import price of Ginger into South Korea will continue to increase in the coming years. Predicted prices for 2023 and 2024 are $10.00 and $14.00 respectively.Export values for South Korea ginger
The total values in export for ginger in South Korea were US$ 74, US$ 15, US$ 49 and US$ 48 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in South Korea: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of ginger in other countries across Asia: Kazakhstan ginger, Kyrgyzstan ginger, Tajikistan ginger, Turkmenistan ginger, Uzbekistan ginger, China ginger, Hong Kong ginger, Macao ginger, North Korea ginger & Mongolia ginger.
South Korea ginger - Production, Exports, Imports, Seasons and HS Codes
The amount of ginger shipped by South Korea in 2020 was 2 tons. In 2019 South Korea shipped 33 tonnes of ginger. Through 2019 alone, the market for South Korea ginger (herbs and spices category) has climbed, recording a change of 83.333 percent compared to the year 2018. Between 2017 and 2019, ginger's exports went up by 3200 percent bringing the exporter US$0.05m for the year 2019. South Korea's ginger exports are categorised as:
- Ginger, neither crushed nor ground (HS code 091011)
- Ginger, crushed or ground (HS code 091012)
- Ginger (HS code 091010)
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South Korea ginger export values
In 2019, South Korea shipped ginger valued at 0.05m USD, an increment of 2.04% from 2018's total ginger export of 0.049m USD. The yearly increase in value of South Korea ginger between 2017 to 2018 was 226.667 pc.
The annual/yearly change in the amount of South Korea's ginger exports between 2017 and 2019 was 3200 percent when compared to a variation of 83.333% in the growth rate between 2018 and 2019.
Export markets for South Korea ginger ( in '000$ )
South Korea's leading destinations for ginger are China, Micronesia, Iraq, Japan and Malaysia.
South Korea brought in 12,872 tonnes of ginger in 2019.
Production
The production of ginger in South Korea was 15,633 tonnes in 2019 and is estimated to change by an average of 22.3%. The country had approximately 6,315.00 hectares under ginger cultivation.