What is the price of sausages per kilogram/pound in South Korea today?
The retail price range for South Korea sausages is between US$ 2.39 and US$ 11.47 per kilogram or between US$ 1.08 and US$ 5.20 per pound(lb). Click here to see today's exact prices of sausages in South Korea
The retail price range in South Korean won for sausages is between KRW 3,185.67 and KRW 15,291.20 per kilogram or between KRW 1,444.75 and KRW 6,934.78 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea sausages is between US$ 1.67 and US$ 8.03 per kilogram or between US$ 0.76 and US$ 3.64 per pound(lb).
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South Korea Sausages Export Prices - Historical, Trends and Prediction
The export price per kilogram of Sausages from South Korea has seen a steady increase over the last five years. In 2017, the export price was 5.15 US $ per kg, and in 2021, it was 6.18 US $ per kg. This represents an increase of 1.03 US $ per kg. The highest export price was in 2022, when it was 6.41 US $ per kg. Based on this trend, it is predicted that the export price for 2023 will be 6.64 US $ per kg and for 2024 it will be 6.87 US $ per kg.The exports of sausages from South Korea are categorised as:
- Sausages and similar products, of meat, offal or blood; food preparations based on these products (HS code 160100)
South Korea Sausages Import Prices - Historical, Trends and Prediction
The import price per kilogram of sausages into South Korea has been relatively stable over the past five years. In 2017, the price was 5.15 US dollars per kilogram, followed by 6.15 US dollars per kilogram in 2018. In 2019, the price dropped slightly to 6.01 US dollars per kilogram, and then to 5.99 US dollars per kilogram in 2020. The price then increased to 6.18 US dollars per kilogram in 2021, and to 6.41 US dollars per kilogram in 2022. Based on this trend, it is likely that the import price per kilogram of sausages into South Korea will remain relatively stable in the next two years, with an estimated price of 6.41 US dollars per kilogram in 2023 and 6.44 US dollars per kilogram in 2024.Export values for South Korea sausages
The total values in export for sausages in South Korea were US$ 3,497, US$ 3,487, US$ 3,778 and US$ 4,378 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 sausages in other countries across Asia: Kazakhstan sausages, Kyrgyzstan sausages, Tajikistan sausages, Turkmenistan sausages, Uzbekistan sausages, China sausages, Hong Kong sausages, Macao sausages, North Korea sausages & Mongolia sausages.
South Korea sausages - Production, Exports, Imports, Seasons and HS Codes
The quantity of sausages sold by South Korea in 2020 was 1,226 metric tonnes. In 2019 South Korea sold 728 tonnes of sausages. Through 2019 alone, the market for South Korea sausages (processed category) has climbed, recording a change of 18.567 pc compared to the year 2018. Between 2017 and 2019, sausages' exports increased by 7.53 pc bringing the nation US$4.38m for the year 2019. South Korea's sausages exports are categorised as:
- Sausages and similar products, of meat, offal or blood; food preparations based on these products (HS code 160100)
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South Korea sausages export values
In 2019, South Korea exported sausages with a value of 4.38m USD, a growth of 15.93% from 2018's total sausages export of 3.778m USD. The annual increase in value of South Korea sausages between 2017 to 2018 was 8.345%.
The yearly change in the quantity of South Korea's sausages exports between 2017 and 2019 was 7.53% in comparison to a variation of 18.567% in the period between 2018 and 2019.
South Korea's share of the world's total sausages' exports in 2019 was less than 1%. South Korea is ranked number 66 in world exports of sausages.
Export markets for South Korea sausages ( in '000$ )
South Korea's best performing destinations for sausages are Hong Kong, Japan, the Philippines, Vietnam and Russia.
Import/Export Trends
South Korea is a net importer of sausages. The annual growth of South Korea sausages in value between 2015 to 2019 was -75%, per annum, while annual growth in quantity was -58%, per annum.
South Korea imported 10,829 tonnes of sausages in 2019.