What is the price of lobster per kilogram/pound in South Korea today?
The retail price range for South Korea lobster is between US$ 5.81 and US$ 17.42 per kilogram or between US$ 2.63 and US$ 7.90 per pound(lb). Click here to see today's exact prices of lobster in South Korea
The retail price range in South Korean won for lobster is between KRW 7,740.00 and KRW 23,220.00 per kilogram or between KRW 3,510.20 and KRW 10,530.61 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea lobster is between US$ 4.06 and US$ 12.19 per kilogram or between US$ 1.84 and US$ 5.53 per pound(lb).
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South Korea Lobster Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lobster from South Korea has seen a steady increase over the last five years. In 2017, the price was 16.00 US dollars per kilogram, and in 2021, it was 12.25 US dollars per kilogram. The highest price was seen in 2020, when it was 20.15 US dollars per kilogram. The most recent price in 2022 was 9.84 US dollars per kilogram. Based on this data, it is predicted that the export price per kilogram of Lobster from South Korea in 2023 will be around 11.00 US dollars per kilogram, and in 2024, it will be around 10.00 US dollars per kilogram.South Korea Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into South Korea has seen a steady increase over the last five years. In 2017, the price was $16.00, and in 2021, it was $12.25. The highest price was recorded in 2020, at $20.15, and the lowest in 2022, at $9.84. The average price for the last five years was $15.17. Based on this trend, it is predicted that the import price per kilogram of Lobster into South Korea in 2023 will be around $13.00, and in 2024, it will be around $14.00.Export values for South Korea lobster
The total values in export for lobster in South Korea were US$ 2,218, US$ 64, US$ 579 and US$ 1,435 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in South Korea: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Asia: Kazakhstan lobster, Kyrgyzstan lobster, Tajikistan lobster, Turkmenistan lobster, Uzbekistan lobster, China lobster, Hong Kong lobster, Macao lobster, North Korea lobster & Mongolia lobster.
South Korea lobster - Production, Exports, Imports, Seasons and HS Codes
The volume of lobster shipped by South Korea in 2020 was 26 tons. In 2019 South Korea shipped 91 tonnes of lobster. Across 2019 alone, the market for South Korea lobster (seafood category) has escalated, recording a change of 152.778 percent compared to the year 2018. Between 2017 and 2019, lobster's exports went up by 2175 percent bringing the exporter US$1.44m for the year 2019. South Korea's lobster exports are classified as:
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- Lobster (HS code 0306Xd)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
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South Korea lobster export values
In 2019, South Korea supplied lobster costing 1.44m USD, a surge of 148.70% from 2018's total lobster export of 0.579m USD. The annual change in value of South Korea lobster between 2017 to 2018 was 804.688 percent.
The yearly variation in the quantity of South Korea's lobster exports between 2017 and 2019 was 2175 per cent when compared to a variation of 152.778% in the growth rate between 2018 and 2019.
South Korea's portion of the world's total lobster's exports in 2019 was less than 1%. South Korea holds position 49 in world exports of lobster.
Export markets for South Korea lobster ( in '000$ )
Import/Export Trends
South Korea is a net importer of lobster. The annual growth of South Korea lobster in value between 2015 to 2019 was -2%, per year, while annual growth in quantity through the same period was -6%, per annum.
South Korea brought in 5,559 tonnes of lobster in 2019.