What is the price of peaches per kilogram/pound in South Korea today?
The retail price range for South Korea peaches is between US$ 4.54 and US$ 12.18 per kilogram or between US$ 2.06 and US$ 5.52 per pound(lb). Click here to see today's exact prices of peaches in South Korea
The retail price range in South Korean won for peaches is between KRW 6,048.33 and KRW 16,235.00 per kilogram or between KRW 2,743.01 and KRW 7,362.81 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea peaches is between US$ 3.18 and US$ 8.52 per kilogram or between US$ 1.44 and US$ 3.87 per pound(lb).
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South Korea Peaches Export Prices - Historical, Trends and Prediction
The export price per kilogram of peaches from South Korea has seen a steady increase over the last five years. In 2017, the price was 4.61 US dollars per kilogram, and in 2021 it had risen to 6.01 US dollars per kilogram. The highest price was in 2022, when it reached 6.52 US dollars per kilogram. The price for 2020 was 4.92 US dollars per kilogram, and for 2019 it was 4.37 US dollars per kilogram. Based on this trend, it is predicted that the export price per kilogram of peaches from South Korea will be 6.76 US dollars in 2023 and 7.01 US dollars in 2024.The exports of peaches from South Korea are classified as:
- Peaches, incl. nectarines, prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit (excluding preserved with sugar but not laid in syrup, jams, fruit jellies, marmalades, fruit purée and pastes, obtained by cooking) (HS code 200870)
- Fresh peaches, incl. nectarines (HS code 080930)
South Korea Peaches Import Prices - Historical, Trends and Prediction
The import price per kilogram of peaches into South Korea has been relatively stable over the last five years. In 2016, the price was 3.90 US dollars per kg, and this increased to 4.61 US dollars per kg in 2017. In 2018, the price rose to 5.04 US dollars per kg, before dropping to 4.37 US dollars per kg in 2019. The price then increased again to 4.92 US dollars per kg in 2020, and further to 6.01 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of peaches into South Korea is 6.52 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of peaches into South Korea will continue to increase in the next two years. We predict that the import price per kilogram of peaches into South Korea will be 6.90 US dollars per kg in 2023 and 7.30 US dollars per kg in 2024.Export values for South Korea peaches
The total values in export for peaches in South Korea were US$ 1,382, US$ 1,820, US$ 2,330 and US$ 2,625 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fruits category in South Korea: Olives, Pumpkins, squash and gourds, Sweetcorn, Bananas, Dates, Figs, Pineapples, Avocados, Mangoes & Oranges.
See prices of peaches in other countries across Asia: Kazakhstan peaches, Kyrgyzstan peaches, Tajikistan peaches, Turkmenistan peaches, Uzbekistan peaches, China peaches, Hong Kong peaches, Macao peaches, North Korea peaches & Mongolia peaches.
South Korea peaches - Production, Exports, Imports, Seasons and HS Codes
The quantity of peaches exported by South Korea in 2020 was 508 tons. In 2019 South Korea shipped 601 tonnes of peaches. For 2019 alone, the demand for South Korea peaches (fruits category) has surged, with a change of 30.087 per cent compared to the year 2018. Between 2017 and 2019, peaches' exports increased by 52.15 percent bringing the nation US$2.62m for the year 2019. South Korea's peaches exports are categorised as:
- Peaches, incl. nectarines, prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit (excluding preserved with sugar but not laid in syrup, jams, fruit jellies, marmalades, fruit purée and pastes, obtained by cooking) (HS code 200870)
- Fresh peaches, incl. nectarines (HS code 080930)
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South Korea peaches export values
In 2019, South Korea supplied peaches valued at 2.62m USD, an increase of 12.45% from 2018's total peaches export of 2.33m USD. The yearly change in value of South Korea peaches between 2017 to 2018 was 28.022 percent.
The annual change in the quantity of South Korea's peaches exports between 2017 and 2019 was 52.15% compared to a variation of 30.087% in the period between 2018 and 2019.
South Korea's portion of the world's total peaches' exports in 2019 was 1.4 pc. South Korea holds position 4 in world exports of peaches.
Export markets for South Korea peaches ( in '000$ )
South Korea's best performing destinations for peaches are Hong Kong, Singapore, Malaysia, Indonesia and Vietnam.
Import/Export Trends
South Korea is a net importer of peaches. The annual growth of South Korea peaches in value between 2015 to 2019 was 6%, per year, while annual growth in quantity through the same period was 4%, per annum.
South Korea bought 8,175 tonnes of peaches in 2019.
Production
The production of peaches in South Korea was 410,500 tonnes in 2019 and is forecast to change by an average of -0.79%. The country had an estimated 38,526.00 hectares under peaches cultivation.