What is the price of glycerol per kilogram/pound in South Korea today?
The retail price range for South Korea glycerol is between US$ 2.24 and US$ 4.48 per kilogram or between US$ 1.02 and US$ 2.03 per pound(lb). Click here to see today's exact prices of glycerol in South Korea
The retail price range in South Korean won for glycerol is between KRW 2,992.08 and KRW 5,971.37 per kilogram or between KRW 1,356.95 and KRW 2,708.11 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea glycerol is between US$ 1.57 and US$ 3.13 per kilogram or between US$ 0.71 and US$ 1.42 per pound(lb).
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South Korea Glycerol Export Prices - Historical, Trends and Prediction
The export price per kilogram of Glycerol from South Korea over the last five years has been quite volatile. In 2017, the price was 0.32 US$ per kg, before dropping to 0.14 US$ per kg in 2016. This was followed by a slight increase to 0.19 US$ per kg in 2019, before rising to 0.56 US$ per kg in 2021. The most recent data shows the price at 0.57 US$ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Glycerol from South Korea in 2023 will be 0.60 US$ per kg and in 2024 will be 0.63 US$ per kg.South Korea Glycerol Import Prices - Historical, Trends and Prediction
The import price per kilogram of Glycerol into South Korea has seen a steady decline over the last five years. In 2016, the price was 0.14 US $ per kg, which dropped to 0.19 US $ per kg in 2019. This year, the price has increased to 0.22 US $ per kg. Looking ahead, it is likely that the price of Glycerol will continue to rise in the coming years. Based on the data, we can predict that the import price per kilogram of Glycerol into South Korea will be 0.56 US $ per kg in 2023 and 0.57 US $ per kg in 2024.Export values for South Korea glycerol
The total values in export for glycerol in South Korea were US$ 2,665, US$ 2,914, US$ 5,353 and US$ 5,234 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 glycerol in other countries across Asia: Kazakhstan glycerol, Kyrgyzstan glycerol, Tajikistan glycerol, Turkmenistan glycerol, Uzbekistan glycerol, China glycerol, Hong Kong glycerol, Macao glycerol, North Korea glycerol & Mongolia glycerol.
South Korea glycerol - Production, Exports, Imports, Seasons and HS Codes
The quantity of glycerol sold by South Korea in 2020 was 29,954 tons. In 2019 South Korea exported 27,960 tonnes of glycerol. For 2019 alone, the market for South Korea glycerol (processed category) has climbed, flactuating by 70.602 pc compared to the year 2018. Between 2017 and 2019, glycerol's exports increased by 202.27% bringing the nation US$5.23m for the year 2019. South Korea's glycerol exports are classified as:
- Glycerol, crude; glycerol waters and glycerol lyes (HS code 152000)
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South Korea glycerol export values
In 2019, South Korea sold glycerol costing 5.23m USD, a contraction of -2.30% from 2018's total glycerol export of 5.353m USD. The annual reduction in value of South Korea glycerol between 2017 to 2018 was 83.699%.
The annual/yearly variation in the quantity of South Korea's glycerol exports between 2017 and 2019 was 202.27 per cent when compared to a variation of 70.602% in the growth rate between 2018 and 2019.
South Korea's stake of the world's total glycerol's exports in 2019 was less than 1%. South Korea holds number 69 in world exports of glycerol.
Export markets for South Korea glycerol ( in '000$ )
Import/Export Trends
South Korea is a net importer of glycerol. The annual growth of South Korea glycerol in value between 2015 to 2019 was 32%, per annum, while annual growth in quantity during the same period was 81%, per annum.
South Korea purchased 4,828 tonnes of glycerol in 2019.