What is the price of licorice roots per kilogram/pound in South Korea today?
The retail price range for South Korea licorice roots is between US$ 10.16 and US$ 24.31 per kilogram or between US$ 4.61 and US$ 11.02 per pound(lb). Click here to see today's exact prices of licorice roots in South Korea
The retail price range in South Korean won for licorice roots is between KRW 13,545.99 and KRW 32,406.67 per kilogram or between KRW 6,143.30 and KRW 14,696.90 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea licorice roots is between US$ 7.11 and US$ 17.01 per kilogram or between US$ 3.23 and US$ 7.72 per pound(lb).
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South Korea Licorice Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Licorice roots from South Korea has seen a significant fluctuation over the past five years. In 2012, the price was 331.00 US dollars per kg, which dropped to 120.00 US dollars per kg in 2013. This was followed by a sharp increase to 469.00 US dollars per kg in 2014. In 2015, the price dropped to 188.00 US dollars per kg, and then further decreased to 175.67 US dollars per kg in 2016. The price then dropped to its lowest point of 88.00 US dollars per kg in 2017, before increasing to 196.33 US dollars per kg in 2018. In 2019, the price decreased to 101.33 US dollars per kg, and then increased to 228.00 US dollars per kg in 2020. The price then dropped to 175.00 US dollars per kg in 2021, and then decreased to its lowest point of 41.00 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Licorice roots from South Korea will be around 166.00 US dollars per kg in 2023, and will increase to around 197.00 US dollars per kg in 2024.South Korea Licorice Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Licorice roots into South Korea over the last five years has been quite varied. In 2017, the price was 88.00 US dollars per kg, followed by a significant increase to 196.33 US dollars per kg in 2018. This was followed by a decrease to 101.33 US dollars per kg in 2019, and then an increase to 228.00 US dollars per kg in 2020. The price then decreased to 175.00 US dollars per kg in 2021, and then to 41.00 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Licorice roots into South Korea in 2023 will be around 128.17 US dollars per kg, and in 2024 it will be around 109.08 US dollars per kg.Export values for South Korea licorice roots
The total values in export for licorice roots in South Korea were US$ 527, US$ 528, US$ 589 and US$ 608 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in South Korea: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Ginseng roots, Chicory roots & Cocoyam.
See prices of licorice roots in other countries across Asia: Kazakhstan licorice roots, Kyrgyzstan licorice roots, Tajikistan licorice roots, Turkmenistan licorice roots, Uzbekistan licorice roots, China licorice roots, Hong Kong licorice roots, Macao licorice roots, North Korea licorice roots & Mongolia licorice roots.
South Korea licorice roots - Production, Exports, Imports, Seasons and HS Codes
The quantity of licorice roots shipped by South Korea in 2020 was 2 metric tonnes. In 2019 South Korea exported 6 tonnes of licorice roots. In 2019 alone, the market for South Korea licorice roots (tubers category) has surged, with a change of 100 % compared to the year 2018. Between 2017 and 2019, licorice roots' exports was steady 0% earning the country US$0.61m for the year 2019. South Korea's licorice roots exports are classified as:
- Extracts of liquorice (excluding that with a sucrose content by weight of > 10% or in the form of confectionery) (HS code 130212)
- Liquorice roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121110)
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South Korea licorice roots export values
In 2019, South Korea exported licorice roots costing 0.61m USD, an increase of 3.57% from 2018's total licorice roots export of 0.589m USD. The annual increase in value of South Korea licorice roots between 2017 to 2018 was 11.553%.
The per year change in the quantity of South Korea's licorice roots exports between 2017 and 2019 was 0% when compared to a variation of 100% in the growth rate between 2018 and 2019.
Export markets for South Korea licorice roots ( in '000$ )
South Korea bought 68 tonnes of licorice roots in 2019.