What is the price of groat per kilogram/pound in South Korea today?
The retail price range for South Korea groat is between US$ 1.92 and US$ 8.66 per kilogram or between US$ 0.87 and US$ 3.93 per pound(lb). Click here to see today's exact prices of groat in South Korea
The retail price range in South Korean won for groat is between KRW 2,556.75 and KRW 11,550.35 per kilogram or between KRW 1,159.52 and KRW 5,238.25 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea groat is between US$ 1.34 and US$ 6.06 per kilogram or between US$ 0.61 and US$ 2.75 per pound(lb).
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South Korea Groat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groat from South Korea over the last five years has seen a steady increase. In 2017, the price was 0.68 US$ per kg, and by 2021, it had risen to 3.67 US$ per kg. The highest price was recorded in 2020, at 2.79 US$ per kg. This was followed by a slight decrease in 2021, to 3.19 US$ per kg. Based on this trend, it is predicted that the export price per kilogram of Groat from South Korea in 2023 will be around 4.05 US$ per kg, and in 2024, it will be around 4.43 US$ per kg.South Korea Groat Import Prices - Historical, Trends and Prediction
The import price of Groat into South Korea has seen a significant change over the last five years. In 2012, the price per kilogram was 0.91 US dollars, which decreased to 0.8 US dollars in 2013. This downward trend continued until 2015, when the price dropped to 0.63 US dollars. However, in 2016, the price increased to 0.72 US dollars, before dropping again to 0.68 US dollars in 2017. In 2018, the price rose sharply to 1.31 US dollars, before increasing further to 1.58 US dollars in 2019. The highest price was recorded in 2020, when the import price per kilogram was 2.79 US dollars. This was followed by a slight decrease to 3.67 US dollars in 2021, and a further decrease to 3.19 US dollars in 2022. Based on the data, it is predicted that the import price of Groat into South Korea will remain relatively stable in 2023, with a price of around 3.19 US dollars per kilogram. In 2024, the price is expected to increase slightly to around 3.50 US dollars per kilogram.Export values for South Korea groat
The total values in export for groat in South Korea were US$ 7,952, US$ 7,124, US$ 755 and US$ 645 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 groat in other countries across Asia: Kazakhstan groat, Kyrgyzstan groat, Tajikistan groat, Turkmenistan groat, Uzbekistan groat, China groat, Hong Kong groat, Macao groat, North Korea groat & Mongolia groat.
South Korea groat - Production, Exports, Imports, Seasons and HS Codes
The quantity of groat sold by South Korea in 2020 was 112 metric tons. In 2019 South Korea shipped 408 tonnes of groat. For the year 2019 alone, the demand for South Korea groat (processed category) has shrunk, changing by -67.49 pc compared to the year 2018. Between 2017 and 2019, groat's exports reduced by -96.13% bringing the country US$0.64m for the year 2019. South Korea's groat exports are classified as:
- Rice groats and meal (HS code 110314)
- Groats and meal of maize "corn" (HS code 110313)
- Groats and meal of wheat (HS code 110311)
- Groats and meal of oats (HS code 110312)
- Groats and meal of cereals (excluding wheat and maize) (HS code 110319)
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South Korea groat export values
In 2019, South Korea supplied groat with a value of 0.64m USD, a reduction of -15.23% from 2018's total groat export of 0.755m USD. The yearly reduction in value of South Korea groat between 2017 to 2018 was -89.402 per cent.
The annual/yearly change in the volume of South Korea's groat exports between 2017 and 2019 was -96.13% compared to a variation of -67.49% in the period between 2018 and 2019.
South Korea's stake of the world's total groat's exports in 2019 was less than 1%. South Korea holds number 37 in world exports of groat.
Export markets for South Korea groat ( in '000$ )
Import/Export Trends
South Korea is a net importer of groat. The annual growth of South Korea groat in value between 2015 to 2019 was 56%, per year, while annual growth in quantity was 66%, per annum.
South Korea imported 2,330 tonnes of groat in 2019.