What is the price of milk & cream per kilogram/pound in South Korea today?
The retail price range for South Korea milk & cream is between US$ 0.77 and US$ 1.78 per kilogram or between US$ 0.35 and US$ 0.81 per pound(lb). Click here to see today's exact prices of milk & cream in South Korea
The retail price range in South Korean won for milk & cream is between KRW 1,022.19 and KRW 2,376.58 per kilogram or between KRW 463.58 and KRW 1,077.82 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea milk & cream is between US$ 0.54 and US$ 1.25 per kilogram or between US$ 0.24 and US$ 0.57 per pound(lb).
Related: Kenya Milk & Cream prices, South Africa Milk & Cream prices, Malaysia Milk & Cream prices, Philippines Milk & Cream prices, India Milk & Cream prices, United Arab Emirates (UAE) Milk & Cream prices, Canada Milk & Cream prices, US Milk & Cream prices, Australia Milk & Cream prices, New Zealand Milk & Cream prices, Germany Milk & Cream prices, Netherlands Milk & Cream prices, Spain Milk & Cream prices, United Kingdom (UK) Milk & Cream prices,
Price Finder Tool
Search for prices of South Korea milk & cream and other products in different countries.
South Korea Milk & Cream Export Prices - Historical, Trends and Prediction
The export price per kilogram of Milk & Cream from South Korea has seen a steady decline over the last five years. In 2012, the price was 2.90 US dollars per kg, and by 2021, it had dropped to 2.13 US dollars per kg. This represents a decrease of 26.2%. The lowest price was recorded in 2015, when it was 2.32 US dollars per kg. The price has since increased slightly, with the latest figure being 2.47 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Milk & Cream from South Korea will be 2.04 US dollars per kg in 2023 and 2.11 US dollars per kg in 2024.The milk & cream exports from South Korea are classified as:
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, unsweetened (HS code 040221)
- Products consisting of natural milk constituents, whether or not sweetened, n.e.s. (HS code 040490)
- Milk and cream of a fat content by weight of > 1% but <= 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040120)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, sweetened (HS code 040229)
- Milk and cream in solid forms, of a fat content by weight of <= 1,5% (HS code 040210)
- Milk and cream of a fat content by weight of > 6% but <= 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040140)
- Milk and cream, concentrated but unsweetened (excluding in solid forms) (HS code 040291)
- Milk and cream of a fat content by weight of > 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040150)
- Milk and cream, concentrated and sweetened (excluding in solid forms) (HS code 040299)
- Milk and cream of a fat content by weight of > 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040130)
- Milk and cream of a fat content by weight of <= 1%, not concentrated nor containing added sugar or other sweetening matter (HS code 040110)
South Korea Milk & Cream Import Prices - Historical, Trends and Prediction
The import price per kilogram of Milk & Cream into South Korea has seen a steady decline over the last five years. In 2012, the import price was 2.90 US dollars per kg, which dropped to 2.57 US dollars per kg in 2013. This trend continued in 2014, when the price dropped to 2.51 US dollars per kg. In 2015, the price dropped further to 2.32 US dollars per kg, and in 2016, it dropped to 2.16 US dollars per kg. The price remained relatively stable in 2017 and 2018, at 2.13 US dollars per kg and 2.17 US dollars per kg respectively. In 2019, the price dropped to 2.10 US dollars per kg, before rising slightly to 2.17 US dollars per kg in 2020. The price dropped again in 2021 to 2.13 US dollars per kg, before rising to 2.47 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Milk & Cream into South Korea will remain relatively stable in 2023, at around 2.17 US dollars per kg, and will rise slightly in 2024, to around 2.47 US dollars per kg.Export values for South Korea milk & cream
The total values in export for milk & cream in South Korea were US$ 35,848, US$ 35,390, US$ 41,366 and US$ 43,120 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: Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of milk & cream in other countries across Asia: Kazakhstan milk & cream, Kyrgyzstan milk & cream, Tajikistan milk & cream, Turkmenistan milk & cream, Uzbekistan milk & cream, China milk & cream, Hong Kong milk & cream, Macao milk & cream, North Korea milk & cream & Mongolia milk & cream.
South Korea milk & cream - Production, Exports, Imports, Seasons and HS Codes
The quantity of milk & cream sold by South Korea in 2020 was 21,942 tonnes. In 2019 South Korea shipped 20,507 tonnes of milk & cream. Through 2019 alone, the interest in South Korea milk & cream (processed category) has gone up, with a change of 7.355 pc compared to the year 2018. Between 2017 and 2019, milk & cream's exports increased by 23.45 percent bringing the exporter US$43.12m for the year 2019. South Korea's milk & cream exports are classified as:
- Milk and cream in solid forms, of a fat content by weight of <= 1,5% (HS code 040210)
- Milk and cream of a fat content by weight of > 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040130)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, sweetened (HS code 040229)
- Milk and cream of a fat content by weight of > 1% but <= 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040120)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, unsweetened (HS code 040221)
- Milk and cream, concentrated and sweetened (excluding in solid forms) (HS code 040299)
- Milk and cream of a fat content by weight of > 6% but <= 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040140)
- Milk and cream of a fat content by weight of > 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040150)
- Milk and cream, concentrated but unsweetened (excluding in solid forms) (HS code 040291)
- Milk and cream of a fat content by weight of <= 1%, not concentrated nor containing added sugar or other sweetening matter (HS code 040110)
- Products consisting of natural milk constituents, whether or not sweetened, n.e.s. (HS code 040490)
Are you a producer of milk & cream or other products?
Sign up today for FREE to buy or sell milk & cream.
South Korea milk & cream export values
In 2019, South Korea sold milk & cream with a value of 43.12m USD, an improvement of 4.24% from 2018's total milk & cream export of 41.366m USD. The yearly increase in value of South Korea milk & cream between 2017 to 2018 was 16.886 percent.
The per year change in the amount of South Korea's milk & cream exports between 2017 and 2019 was 23.45 percent compared to a variation of 7.355% in the period between 2018 and 2019.
South Korea's share of the world's total milk & cream's exports in 2019 was less than 1%. The country holds number 16 in world exports of milk & cream.
Export markets for South Korea milk & cream ( in '000$ )
South Korea's leading destinations for milk & cream are China, United Arab Emirates (UAE), New Zealand, Australia and Thailand.
Import/Export Trends
South Korea is a net exporter of milk & cream. The annual growth of South Korea milk & cream in value between 2015 to 2019 was -4%, per year, while annual growth in quantity during the same period was 31%, per annum.
South Korea brought in 111,801 tonnes of milk & cream in 2019.