What is the price of orchids per kilogram/pound in South Korea today?
The retail price range for South Korea orchids is between US$ 4.38 and US$ 6.53 per kilogram or between US$ 1.99 and US$ 2.96 per pound(lb). Click here to see today's exact prices of orchids in South Korea
The retail price range in South Korean won for orchids is between KRW 5,844.00 and KRW 8,701.07 per kilogram or between KRW 2,650.34 and KRW 3,946.06 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea orchids is between US$ 3.07 and US$ 4.57 per kilogram or between US$ 1.39 and US$ 2.07 per pound(lb).
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South Korea Orchids Export Prices - Historical, Trends and Prediction
The export price per kilogram of Orchids from South Korea has seen a steady decline over the last five years. In 2017, the price was 7.64 US dollars per kg, which dropped to 7.35 US dollars per kg in 2018. In 2019, the price dropped further to 5.8 US dollars per kg, and in 2020, it was 6.49 US dollars per kg. The price dropped again in 2021 to 6.29 US dollars per kg, and in 2022, it was 5.37 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Orchids from South Korea in 2023 will be around 5.17 US dollars per kg, and in 2024, it will be around 4.97 US dollars per kg.South Korea Orchids Import Prices - Historical, Trends and Prediction
The import price per kilogram of Orchids into South Korea over the last five years has been relatively stable. In 2017, the price was 7.64 US dollars per kg, followed by 7.35 US dollars per kg in 2018. In 2019, the price dropped to 5.8 US dollars per kg, before increasing to 6.49 US dollars per kg in 2020. The price then decreased to 6.29 US dollars per kg in 2021, and further decreased to 5.37 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Orchids into South Korea in 2023 will be around 5.17 US dollars per kg, and in 2024 will be around 4.97 US dollars per kg.Export values for South Korea orchids
The total values in export for orchids in South Korea were US$ 1,060, US$ 1,154, US$ 801 and US$ 516 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Flowers category in South Korea: Roses, Roses , Carnations, Chrysanthemums, Lilies & Fresh Cut Flowers.
See prices of orchids in other countries across Asia: Kazakhstan orchids, Kyrgyzstan orchids, Tajikistan orchids, Turkmenistan orchids, Uzbekistan orchids, China orchids, Hong Kong orchids, Macao orchids, North Korea orchids & Mongolia orchids.
South Korea orchids - Production, Exports, Imports, Seasons and HS Codes
The amount of orchids exported by South Korea in 2020 was 68 metric tons. In 2019 South Korea sold 89 tonnes of orchids. Across 2019 alone, the demand for South Korea orchids (flowers category) has decreased, recording a change of -18.349 percent compared to the year 2018. Between 2017 and 2019, orchids' exports reduced by -41.06 percent netting the exporter US$0.52m for the year 2019. South Korea's orchids exports are categorised as:
- Fresh cut orchids and buds, of a kind suitable for bouquets or for ornamental purposes (HS code 060313)
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South Korea orchids export values
In 2019, South Korea shipped orchids valued at 0.52m USD, a contraction of -35.08% from 2018's total orchids export of 0.801m USD. The annual change in value of South Korea orchids between 2017 to 2018 was -30.589%.
The yearly change in the quantity of South Korea's orchids exports between 2017 and 2019 was -41.06 pc in comparison to a variation of -18.349% in the period between 2018 and 2019.
Export markets for South Korea orchids ( in '000$ )
South Korea purchased 164 tonnes of orchids in 2019.