What is the price of potatoes per kilogram/pound in South Korea today?
The retail price range for South Korea potatoes is between US$ 0.73 and US$ 1.22 per kilogram or between US$ 0.33 and US$ 0.55 per pound(lb). Click here to see today's exact prices of potatoes in South Korea
The retail price range in South Korean won for potatoes is between KRW 976.20 and KRW 1,627.00 per kilogram or between KRW 442.72 and KRW 737.87 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea potatoes is between US$ 0.51 and US$ 0.85 per kilogram or between US$ 0.23 and US$ 0.39 per pound(lb).
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South Korea Potatoes Export Prices - Historical, Trends and Prediction
The export price per kilogram of Potatoes from South Korea over the last five years has been quite varied. In 2017, the price was 3.44 US $ per kg, followed by a sharp drop to 1.92 US $ per kg in 2018. Prices then rose to 4.49 US $ per kg in 2019 and 6.24 US $ per kg in 2020. 2021 saw a slight decrease to 5.05 US $ per kg, before rising again to 5.32 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Potatoes from South Korea in 2023 will be around 5.60 US $ per kg, and in 2024 it will be around 5.90 US $ per kg.The South Korea potatoes exports are classified as:
- Potatoes, prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200520)
- Potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen (HS code 200410)
- Potatoes, uncooked or cooked by steaming or by boiling in water, frozen (HS code 071010)
- Fresh or chilled potatoes (excluding seed) (HS code 070190)
South Korea Potatoes Import Prices - Historical, Trends and Prediction
The import price per kilogram of Potatoes into South Korea over the last five years has been quite volatile. In 2017, the price was 3.44 US$ per kg, followed by a sharp drop to 1.92 US$ per kg in 2018. However, the price rose again in 2019 to 4.49 US$ per kg and further increased to 6.24 US$ per kg in 2020. The price then dropped slightly to 5.05 US$ per kg in 2021, before rising again to 5.32 US$ per kg in 2022. Based on the current trend, it is likely that the import price per kilogram of Potatoes into South Korea will continue to rise in the next two years. We predict that the price will reach 6.50 US$ per kg in 2023 and 6.75 US$ per kg in 2024.Export values for South Korea potatoes
The total values in export for potatoes in South Korea were US$ 3,108, US$ 3,003, US$ 1,937 and US$ 3,636 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in South Korea: Seed Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Ginseng roots, Chicory roots & Cocoyam.
See prices of potatoes in other countries across Asia: Kazakhstan potatoes, Kyrgyzstan potatoes, Tajikistan potatoes, Turkmenistan potatoes, Uzbekistan potatoes, China potatoes, Hong Kong potatoes, Macao potatoes, North Korea potatoes & Mongolia potatoes.
South Korea potatoes - Production, Exports, Imports, Seasons and HS Codes
The amount of potatoes shipped by South Korea in 2020 was 773 metric tonnes. In 2019 South Korea sold 810 tonnes of potatoes. Across 2019 alone, the interest in South Korea potatoes (tubers category) has gone down, with a change of -19.563 pc compared to the year 2018. Between 2017 and 2019, potatoes' exports decreased by -7.11% netting South Korea US$3.64m for the year 2019. South Korea's potatoes exports are classified as:
- Potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen (HS code 200410)
- Fresh or chilled potatoes (excluding seed) (HS code 070190)
- Potatoes, prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200520)
- Potatoes, uncooked or cooked by steaming or by boiling in water, frozen (HS code 071010)
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South Korea potatoes export values
In 2019, South Korea supplied potatoes costing 3.64m USD, an increment of 87.92% from 2018's total potatoes export of 1.937m USD. The yearly growth in value of South Korea potatoes between 2017 to 2018 was -35.498 percent.
The annual/yearly change in the amount of South Korea's potatoes exports between 2017 and 2019 was -7.11 pc when compared to a variation of -19.563% in the growth rate between 2018 and 2019.
South Korea's portion of the world's total potatoes' exports in 2019 was less than 1%. The country is ranked position 43 in world exports of potatoes.
Export markets for South Korea potatoes ( in '000$ )
South Korea's best performing export markets for potatoes are Russia, India, Vietnam, Vanuatu and Singapore.
Import/Export Trends
South Korea is a net exporter of potatoes. The annual growth of South Korea potatoes in value between 2015 to 2019 was -3%, per annum, while annual growth in quantity was %, per annum.
South Korea brought in 163,372 tonnes of potatoes in 2019.
Production
The production of potatoes in South Korea was 2,520,560 tonnes in 2019 and is estimated to change by an average of 14.98%. The country had approximately 87,976.00 hectares under potatoes cultivation.