What is the price of octopus per kilogram/pound in South Korea today?
The retail price range for South Korea octopus is between US$ 9.74 and US$ 17.34 per kilogram or between US$ 4.42 and US$ 7.86 per pound(lb). Click here to see today's exact prices of octopus in South Korea
The retail price range in South Korean won for octopus is between KRW 12,986.07 and KRW 23,121.53 per kilogram or between KRW 5,889.37 and KRW 10,485.96 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea octopus is between US$ 6.82 and US$ 12.14 per kilogram or between US$ 3.09 and US$ 5.51 per pound(lb).
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South Korea Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from South Korea has seen a steady increase over the last five years. In 2017, the price was 7.51 US dollars per kilogram, and by 2021, it had risen to 11.55 US dollars per kilogram. The highest price was recorded in 2020, at 10.97 US dollars per kilogram. The most recent data shows that the price has dropped slightly to 11.05 US dollars per kilogram. Based on this trend, it is likely that the export price per kilogram of Octopus from South Korea will be around 11.20 US dollars in 2023 and 11.35 US dollars in 2024.South Korea Octopus Import Prices - Historical, Trends and Prediction
The import price per kilogram of Octopus into South Korea has seen a steady increase over the last five years. In 2016, the price was 5.91 US dollars per kg, and in 2021, the price had risen to 11.55 US dollars per kg. This represents an increase of 95.3% over the five year period. The highest price was recorded in 2021, at 11.55 US dollars per kg, while the lowest price was recorded in 2015, at 5.06 US dollars per kg. The average price over the five year period was 8.45 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Octopus into South Korea in 2023 will be 12.63 US dollars per kg, and in 2024, the price will be 13.20 US dollars per kg.Export values for South Korea octopus
The total values in export for octopus in South Korea were US$ 4,229, US$ 3,513, US$ 2,739 and US$ 5,785 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, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel & Cuttlefish & Squid.
See prices of octopus in other countries across Asia: Kazakhstan octopus, Kyrgyzstan octopus, Tajikistan octopus, Turkmenistan octopus, Uzbekistan octopus, China octopus, Hong Kong octopus, Macao octopus, North Korea octopus & Mongolia octopus.
South Korea octopus - Production, Exports, Imports, Seasons and HS Codes
The amount of octopus shipped by South Korea in 2020 was 243 metric tonnes. In 2019 South Korea exported 640 tonnes of octopus. Across 2019 alone, the market for South Korea octopus (seafood category) has increased, with a change of 124.561 percent compared to the year 2018. Between 2017 and 2019, octopus' exports grew by 36.75 pc bringing South Korea US$5.78m for the year 2019. South Korea's octopus exports are classified as:
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
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South Korea octopus export values
In 2019, South Korea supplied octopus worth 5.78m USD, a surge of 111.03% from 2018's total octopus export of 2.739m USD. The yearly change in value of South Korea octopus between 2017 to 2018 was -22.032 pc.
The per year variation in the amount of South Korea's octopus exports between 2017 and 2019 was 36.75 pc in comparison to a variation of 124.561% in the period between 2018 and 2019.
Export markets for South Korea octopus ( in '000$ )
South Korea ordered 70,982 tonnes of octopus in 2019.