What is the price of onions per kilogram/pound in South Korea today?
The retail price range for South Korea onions is between US$ 1.23 and US$ 2.71 per kilogram or between US$ 0.56 and US$ 1.23 per pound(lb). Click here to see today's exact prices of onions in South Korea
The retail price range in South Korean won for onions is between KRW 1,640.00 and KRW 3,608.00 per kilogram or between KRW 743.76 and KRW 1,636.28 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea onions is between US$ 0.86 and US$ 1.89 per kilogram or between US$ 0.39 and US$ 0.86 per pound(lb).
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South Korea Onions Export Prices - Historical, Trends and Prediction
The export price per kilogram of Onions from South Korea over the last five years has been relatively stable. In 2017, the price was 0.61 US $ per kg, followed by a decrease to 0.31 US $ per kg in 2018. The price then increased to 0.49 US $ per kg in 2020 and further to 0.55 US $ per kg in 2021. The latest data point shows an export price of 0.63 US $ per kg in 2022. Based on this trend, it is predicted that the export price of Onions from South Korea in 2023 will be around 0.65 US $ per kg and in 2024 it will be around 0.67 US $ per kg.The exports of onions from South Korea are categorised as:
- Onions, prepared or preserved by vinegar or acetic acid (HS code 200120)
- Fresh or chilled onions and shallots (HS code 070310)
- Onions provisionally preserved, e.g. by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions, but unsuitable in that state for immediate consumption (HS code 071110)
- Dried onions, whole, cut, sliced, broken or in powder, but not further prepared (HS code 071220)
South Korea Onions Import Prices - Historical, Trends and Prediction
The import price per kilogram of Onions into South Korea over the last five years has been relatively stable. In 2017, the price was 0.61 US dollars per kg, followed by a decrease to 0.31 US dollars per kg in 2018. The price then increased to 0.33 US dollars per kg in 2019 and 0.49 US dollars per kg in 2020. The price then increased again to 0.55 US dollars per kg in 2021 and 0.63 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Onions into South Korea in 2023 will be 0.71 US dollars per kg and in 2024 will be 0.79 US dollars per kg.Export values for South Korea onions
The total values in export for onions in South Korea were US$ 38,312, US$ 2,664, US$ 8,400 and US$ 133,480 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Vegetables category in South Korea: Tomatoes, Leeks, Cauliflowers and broccoli, Brussels sprouts, Cabbages, Lettuce, Chicory, Carrots, beetroot, salsify & celeriac & Cucumber.
See prices of onions in other countries across Asia: Kazakhstan onions, Kyrgyzstan onions, Tajikistan onions, Turkmenistan onions, Uzbekistan onions, China onions, Hong Kong onions, Macao onions, North Korea onions & Mongolia onions.
South Korea onions - Production, Exports, Imports, Seasons and HS Codes
The quantity of onions exported by South Korea in 2020 was 45,000 metric tonnes. In 2019 South Korea shipped 403,552 tonnes of onions. In 2019 alone, the demand for South Korea onions (vegetables category) has gone up, with a change of 1367.675 pc compared to the year 2018. Between 2017 and 2019, onions' exports went up by 9105.11 pc netting the exporter US$133.48m for the year 2019. South Korea's onions exports are categorised as:
- Fresh or chilled onions and shallots (HS code 070310)
- Onions provisionally preserved, e.g. by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions, but unsuitable in that state for immediate consumption (HS code 071110)
- Onions, prepared or preserved by vinegar or acetic acid (HS code 200120)
- Dried onions, whole, cut, sliced, broken or in powder, but not further prepared (HS code 071220)
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South Korea onions export values
In 2019, South Korea supplied onions worth 133.48m USD, an improvement of 1,489.05% from 2018's total onions export of 8.4m USD. The annual increase in value of South Korea onions between 2017 to 2018 was 215.315 per cent.
The annual/yearly change in the volume of South Korea's onions exports between 2017 and 2019 was 9105.11 percent when compared to a variation of 1367.675% in the growth rate between 2018 and 2019.
Export markets for South Korea onions ( in '000$ )
South Korea's top destinations for onions are Vietnam, Malaysia, Thailand, China and US.
South Korea brought in 204,432 tonnes of onions in 2019.
Production
The production of onions in South Korea was 32,854,384 tonnes in 2019 and is predicted to change by an average of 2.12%. The country had an estimated 629,104.00 hectares under onions cultivation.