What is the price of pork per kilogram/pound in South Korea today?
The retail price range for South Korea pork is between US$ 3.62 and US$ 5.96 per kilogram or between US$ 1.64 and US$ 2.70 per pound(lb). Click here to see today's exact prices of pork in South Korea
The retail price range in South Korean won for pork is between KRW 4,821.35 and KRW 7,948.71 per kilogram or between KRW 2,186.55 and KRW 3,604.86 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea pork is between US$ 2.53 and US$ 4.17 per kilogram or between US$ 1.15 and US$ 1.89 per pound(lb).
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South Korea Pork Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pork from South Korea over the last five years has seen a steady increase. In 2017, the price was 3.48 US $ per kg, and by 2021, it had risen to 3.8 US $ per kg. The highest price was recorded in 2018, at 5.73 US $ per kg. The price then dropped to 4.83 US $ per kg in 2019, before settling at 4.0 US $ per kg in 2020. The most recent data shows that the price has decreased slightly to 3.68 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Pork from South Korea will be 3.56 US $ per kg in 2023 and 3.44 US $ per kg in 2024.The exports of pork from South Korea are categorised as:
- Edible offal of swine, frozen (excluding livers) (HS code 020649)
- Meat of swine, salted, in brine, dried or smoked (excluding hams, shoulders and cuts thereof, with bone in, and bellies and cuts thereof) (HS code 021019)
- Prepared or preserved meat and offal of swine, incl. mixtures (excluding hams, shoulders and cuts thereof, sausages and similar products, finely homogenised preparations put up for retail sale as infant food or for dietetic purpose, in containers of a net weight of <= 250 g, preparations of liver and meat extracts and juices) (HS code 160249)
- Frozen meat of swine (excluding carcases and half-carcases, and hams, shoulders and cuts thereof, with bone in) (HS code 020329)
- Frozen carcases and half-carcases of swine (HS code 020321)
- Prepared or preserved shoulders and cuts thereof, of swine (HS code 160242)
- Fresh or chilled meat of swine (excluding carcases and half-carcases, and hams, shoulders and cuts thereof, with bone in) (HS code 020319)
- Frozen hams, shoulders and cuts thereof of swine, with bone in (HS code 020322)
- Fresh or chilled carcases and half-carcases of swine (HS code 020311)
- Frozen edible livers of swine (HS code 020641)
- Fresh or chilled hams, shoulders and cuts thereof of swine, with bone in (HS code 020312)
- Fresh or chilled edible offal of swine (HS code 020630)
South Korea Pork Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pork into South Korea over the last five years has been quite volatile. In 2017, the price was 3.48 US dollars per kg, which was followed by a sharp increase to 5.73 US dollars per kg in 2018. This was followed by a decrease to 4.83 US dollars per kg in 2019 and further decrease to 4.00 US dollars per kg in 2020. The price then decreased again to 3.80 US dollars per kg in 2021 and 3.68 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Pork into South Korea in 2023 will be 3.56 US dollars per kg and in 2024 will be 3.44 US dollars per kg.Export values for South Korea pork
The total values in export for pork in South Korea were US$ 5,854, US$ 4,695, US$ 4,799 and US$ 4,813 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in South Korea: Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat, Rabbit Meat & Frog Legs.
See prices of pork in other countries across Asia: Kazakhstan pork, Kyrgyzstan pork, Tajikistan pork, Turkmenistan pork, Uzbekistan pork, China pork, Hong Kong pork, Macao pork, North Korea pork & Mongolia pork.
South Korea pork - Production, Exports, Imports, Seasons and HS Codes
The quantity of pork exported by South Korea in 2020 was 3,892 metric tons. In 2019 South Korea exported 996 tonnes of pork. In 2019 alone, the market for South Korea pork (meat category) has gone up, with a change of 18.996 per cent compared to the year 2018. Between 2017 and 2019, pork's exports decreased by -26.28 pc earning South Korea US$4.81m for the year 2019. South Korea's pork exports are classified as:
- Frozen hams, shoulders and cuts thereof of swine, with bone in (HS code 020322)
- Frozen meat of swine (excluding carcases and half-carcases, and hams, shoulders and cuts thereof, with bone in) (HS code 020329)
- Prepared or preserved meat and offal of swine, incl. mixtures (excluding hams, shoulders and cuts thereof, sausages and similar products, finely homogenised preparations put up for retail sale as infant food or for dietetic purpose, in containers of a net weight of <= 250 g, preparations of liver and meat extracts and juices) (HS code 160249)
- Fresh or chilled meat of swine (excluding carcases and half-carcases, and hams, shoulders and cuts thereof, with bone in) (HS code 020319)
- Prepared or preserved shoulders and cuts thereof, of swine (HS code 160242)
- Fresh or chilled carcases and half-carcases of swine (HS code 020311)
- Fresh or chilled edible offal of swine (HS code 020630)
- Frozen carcases and half-carcases of swine (HS code 020321)
- Frozen edible livers of swine (HS code 020641)
- Fresh or chilled hams, shoulders and cuts thereof of swine, with bone in (HS code 020312)
- Edible offal of swine, frozen (excluding livers) (HS code 020649)
- Meat of swine, salted, in brine, dried or smoked (excluding hams, shoulders and cuts thereof, with bone in, and bellies and cuts thereof) (HS code 021019)
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South Korea pork export values
In 2019, South Korea exported pork with a value of 4.81m USD, an increase of 0.23% from 2018's total pork export of 4.799m USD. The annual growth in value of South Korea pork between 2017 to 2018 was 2.215 pc.
The per year change in the quantity of South Korea's pork exports between 2017 and 2019 was -26.28 pc when compared to a variation of 18.996% in the growth rate between 2018 and 2019.
South Korea's share of the world's total pork's exports in 2019 was less than 1%. The country holds position 67 in world exports of pork.
Export markets for South Korea pork ( in '000$ )
South Korea's best performing destinations for pork are China, Australia, Russia, New Zealand and US.
Import/Export Trends
South Korea is a net importer of pork. The annual growth of South Korea pork in value between 2015 to 2019 was 18%, per annum, while annual growth in quantity during the same period was %, per annum.
South Korea imported 551,265 tonnes of pork in 2019.