What is the price of rum per kilogram/pound in South Korea today?
The retail price range for South Korea rum is between US$ 7.82 and US$ 37.13 per kilogram or between US$ 3.54 and US$ 16.84 per pound(lb). Click here to see today's exact prices of rum in South Korea
The retail price range in South Korean won for rum is between KRW 10,421.33 and KRW 49,501.33 per kilogram or between KRW 4,726.23 and KRW 22,449.58 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea rum is between US$ 5.47 and US$ 25.99 per kilogram or between US$ 2.48 and US$ 11.79 per pound(lb).
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South Korea Rum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rum from South Korea has seen a steady increase over the last five years. In 2015, the price was 3.00 US$ per kg, and in 2019, it had risen to 3.68 US$ per kg. This represents an increase of 22.7% over the five-year period. Looking ahead, we can predict that the export price of Rum from South Korea will continue to rise, reaching 3.90 US$ per kg in 2023 and 4.12 US$ per kg in 2024.South Korea Rum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rum into South Korea has seen a steady increase over the past five years. In 2015, the price was $3.00, and in 2019, it had risen to $3.68. This represents an increase of 22.7% over the five-year period. The highest price was recorded in 2019, at $3.68, while the lowest price was recorded in 2015, at $3.00. Looking ahead, it is likely that the import price per kilogram of Rum into South Korea will continue to increase. If this trend continues, we can expect the price to reach $4.02 in 2023 and $4.41 in 2024.Export values for South Korea rum
The total values in export for rum in South Korea were US$ 729, US$ 878, US$ 789 and US$ 1,614 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Korea: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of rum in other countries across Asia: Kazakhstan rum, Kyrgyzstan rum, Tajikistan rum, Turkmenistan rum, Uzbekistan rum, China rum, Hong Kong rum, Macao rum, North Korea rum & Mongolia rum.
South Korea rum - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Korea exported 439 tonnes of rum. In 2019 alone, the market for South Korea rum (processed category) has surged, flactuating by 90.043 % compared to the year 2018. Between 2017 and 2019, rum's exports increased by 66.92% bringing the exporter US$1.61m for the year 2019. South Korea's rum exports are categorised as:
- Rum and other spirits obtained by distilling fermented sugar-cane products (HS code 220840)
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South Korea rum export values
In 2019, South Korea supplied rum valued at 1.61m USD, a surge of 104.06% from 2018's total rum export of 0.789m USD. The annual increase in value of South Korea rum between 2017 to 2018 was -10.137 per cent.
The annual/yearly variation in the quantity of South Korea's rum exports between 2017 and 2019 was 66.92 percent when compared to a variation of 90.043% in the growth rate between 2018 and 2019.
South Korea's share of the world's total rum's exports in 2019 was 31.1 per cent. South Korea holds number 2 in world exports of rum.
Export markets for South Korea rum ( in '000$ )
Import/Export Trends
South Korea is a net exporter of rum. The annual growth of South Korea rum in value between 2015 to 2019 was 8%, per annum, while annual growth in quantity for the same period was 13%, per annum.
South Korea imported 1,042 tonnes of rum in 2019.