What is the price of oats per kilogram/pound in South Korea today?
The retail price range for South Korea oats is between US$ 0.58 and US$ 2.11 per kilogram or between US$ 0.26 and US$ 0.96 per pound(lb). Click here to see today's exact prices of oats in South Korea
The retail price range in South Korean won for oats is between KRW 767.76 and KRW 2,815.12 per kilogram or between KRW 348.19 and KRW 1,276.70 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea oats is between US$ 0.40 and US$ 1.48 per kilogram or between US$ 0.18 and US$ 0.67 per pound(lb).
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South Korea Oats Export Prices - Historical, Trends and Prediction
The export price per kilogram of Oats from South Korea over the last five years has been quite varied. In 2017, the price was 2.71 US $ per kg, followed by 2.50 US $ per kg in 2018. In 2019, the price dropped to 1.69 US $ per kg, before increasing to 2.05 US $ per kg in 2020. The price then decreased again to 1.25 US $ per kg in 2021, before rising to 1.83 US $ per kg in 2022. Based on this data, it is likely that the export price per kilogram of Oats from South Korea will remain relatively stable in the next two years, with a predicted price of 1.90 US $ per kg in 2023 and 1.95 US $ per kg in 2024.The exports of oats from South Korea are categorised as:
- Rolled or flaked grains of oats (HS code 110412)
- Oats (HS code 100400)
- Oats (excluding seed for sowing) (HS code 100490)
- Hulled, pearled, sliced, kibbled or otherwise worked oat grains (excluding rolled, flaked, pellets and flour) (HS code 110422)
- Oats seed for sowing (HS code 100410)
South Korea Oats Import Prices - Historical, Trends and Prediction
The import price per kilogram of Oats into South Korea over the last five years has been quite varied. In 2017, the price was 2.71 US dollars per kg, which was the highest in the five year period. This was followed by 2015, when the price was 4.62 US dollars per kg. In 2018, the price dropped to 2.50 US dollars per kg, and then further decreased to 1.69 US dollars per kg in 2019. The price then increased slightly to 2.05 US dollars per kg in 2020, before dropping to the lowest point of 1.25 US dollars per kg in 2021. The most recent data shows that the price has increased again to 1.83 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Oats into South Korea in 2023 will be around 1.90 US dollars per kg, and in 2024 it will be around 1.95 US dollars per kg.Export values for South Korea oats
The total values in export for oats in South Korea were US$ 26, US$ 19, US$ 35 and US$ 54 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in South Korea: Wheat, Rye, Barley, Maize, Rice, Sorghum, Buckwheet, Millet, Canary seed & Fonio.
See prices of oats in other countries across Asia: Kazakhstan oats, Kyrgyzstan oats, Tajikistan oats, Turkmenistan oats, Uzbekistan oats, China oats, Hong Kong oats, Macao oats, North Korea oats & Mongolia oats.
South Korea oats - Production, Exports, Imports, Seasons and HS Codes
The amount of oats shipped by South Korea in 2020 was 58 metric tonnes. In 2019 South Korea exported 32 tonnes of oats. In 2019 alone, the demand for South Korea oats (cereals/grains category) has gone up, recording a change of 128.571 percent compared to the year 2018. Between 2017 and 2019, oats' exports grew by 357.14% netting the country US$0.05m for the year 2019. South Korea's oats exports are classified as:
- Oats (HS code 100400)
- Oats (excluding seed for sowing) (HS code 100490)
- Oats seed for sowing (HS code 100410)
- Hulled, pearled, sliced, kibbled or otherwise worked oat grains (excluding rolled, flaked, pellets and flour) (HS code 110422)
- Rolled or flaked grains of oats (HS code 110412)
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South Korea oats export values
In 2019, South Korea supplied oats with a value of 0.05m USD, an increment of 42.86% from 2018's total oats export of 0.035m USD. The yearly increase in value of South Korea oats between 2017 to 2018 was 84.211%.
The annual/yearly change in the volume of South Korea's oats exports between 2017 and 2019 was 357.14 per cent compared to a variation of 128.571% in the period between 2018 and 2019.
South Korea's stake of the world's total oats' exports in 2019 was less than 1%. The country holds position 30 in world exports of oats.
Export markets for South Korea oats ( in '000$ )
South Korea's leading export markets for oats are Lao (Laos), Vietnam, Japan, the Philippines and Mongolia.
Import/Export Trends
South Korea is a net exporter of oats. The annual growth of South Korea oats in value between 2015 to 2019 was -13%, per annum, while annual growth in quantity was -16%, per annum.
South Korea procured 25,726 tonnes of oats in 2019.