What is the price of peanut (groundnuts) per kilogram/pound in South Korea today?
The retail price range for South Korea peanut (groundnuts) is between US$ 3.27 and US$ 4.79 per kilogram or between US$ 1.48 and US$ 2.17 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in South Korea
The retail price range in South Korean won for peanut (groundnuts) is between KRW 4,365.25 and KRW 6,387.87 per kilogram or between KRW 1,979.71 and KRW 2,896.99 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea peanut (groundnuts) is between US$ 2.29 and US$ 3.35 per kilogram or between US$ 1.04 and US$ 1.52 per pound(lb).
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South Korea Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from South Korea has seen a significant fluctuation over the last five years. In 2017, the export price was 6.78 US $ per kg, which was the highest in the five year period. This was followed by a sharp decline in 2018 to 9.13 US $ per kg. In 2019, the export price dropped to 5.69 US $ per kg, the lowest in the five year period. The export price then increased to 4.89 US $ per kg in 2020 and 8.74 US $ per kg in 2021. The latest data shows that the export price is 5.93 US $ per kg in 2022. Based on the current trend, it is predicted that the export price of Peanut (Groundnuts) from South Korea will be 6.45 US $ per kg in 2023 and 6.97 US $ per kg in 2024.The South Korea peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
South Korea Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into South Korea has seen a significant fluctuation over the last five years. In 2016, the price was 4.09 US dollars per kg, which was the lowest in the five-year period. This was followed by a sharp increase in 2017, when the price rose to 6.78 US dollars per kg. The highest price in the five-year period was recorded in 2018, when the import price was 9.13 US dollars per kg. The price then dropped to 5.69 US dollars per kg in 2019, before further declining to 4.89 US dollars per kg in 2020. The most recent data shows that the import price per kilogram of Peanut (Groundnuts) into South Korea was 8.74 US dollars per kg in 2021. Based on the data, it is predicted that the import price per kilogram of Peanut (Groundnuts) into South Korea will be 5.93 US dollars per kg in 2022. For 2023 and 2024, it is predicted that the import price will remain relatively stable, with an estimated price of 5.93 US dollars per kg and 5.94 US dollars per kg respectively.Export values for South Korea peanut (groundnuts)
The total values in export for peanut (groundnuts) in South Korea were US$ 1,042, US$ 773, US$ 137 and US$ 165 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts and Oil Seeds category in South Korea: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Asia: Kazakhstan peanut (groundnuts), Kyrgyzstan peanut (groundnuts), Tajikistan peanut (groundnuts), Turkmenistan peanut (groundnuts), Uzbekistan peanut (groundnuts), China peanut (groundnuts), Hong Kong peanut (groundnuts), Macao peanut (groundnuts), North Korea peanut (groundnuts) & Mongolia peanut (groundnuts).
South Korea peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnuts) sold by South Korea in 2020 was 18 metric tonnes. In 2019 South Korea exported 29 tonnes of peanut (groundnuts). For 2019 alone, the demand for South Korea peanut (groundnuts) (nuts and oil seeds category) has increased, with a change of 93.333 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports went down by -74.56% netting the exporter US$0.16m for the year 2019. South Korea's peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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South Korea peanut (groundnuts) export values
In 2019, South Korea exported peanut (groundnuts) valued at 0.16m USD, an increase of 16.79% from 2018's total peanut (groundnuts) export of 0.137m USD. The yearly growth in value of South Korea peanut (groundnuts) between 2017 to 2018 was -82.277 per cent.
The yearly variation in the amount of South Korea's peanut (groundnuts) exports between 2017 and 2019 was -74.56 pc when compared to a variation of 93.333% in the growth rate between 2018 and 2019.
South Korea's share of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. The country holds number 43 in world exports of peanut (groundnuts).
Export markets for South Korea peanut (groundnuts) ( in '000$ )
South Korea's leading export markets for peanut (groundnuts) are Japan, China, Hong Kong, US and Singapore.
Import/Export Trends
South Korea is a net importer of peanut (groundnuts). The annual growth of South Korea peanut (groundnuts) in value between 2015 to 2019 was -54%, per year, while annual growth in quantity through the same period was -51%, per annum.
South Korea imported 32,520 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in South Korea was 11,211 tonnes in 2019 and is estimated to change by an average of 1.9%. The country had approximately 4,016.00 hectares under peanut (groundnuts) cultivation.