What is the price of scallops per kilogram/pound in South Korea today?
The retail price range for South Korea scallops is between US$ 7.59 and US$ 15.66 per kilogram or between US$ 3.44 and US$ 7.10 per pound(lb). Click here to see today's exact prices of scallops in South Korea
The retail price range in South Korean won for scallops is between KRW 10,122.53 and KRW 20,885.07 per kilogram or between KRW 4,590.72 and KRW 9,471.69 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea scallops is between US$ 5.31 and US$ 10.96 per kilogram or between US$ 2.41 and US$ 4.97 per pound(lb).
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South Korea Scallops Export Prices - Historical, Trends and Prediction
The export price per kilogram of Scallops from South Korea over the last five years has been quite varied. In 2017, the price was 10.20 US dollars per kg, followed by a slight increase to 10.22 US dollars per kg in 2018. In 2019, the price rose to 13.60 US dollars per kg, and then dropped to 13.12 US dollars per kg in 2020. The price then increased again to 15.03 US dollars per kg in 2021, and finally to 15.66 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Scallops from South Korea in 2023 will be around 16.29 US dollars per kg, and in 2024 it will be around 16.92 US dollars per kg.South Korea Scallops Import Prices - Historical, Trends and Prediction
The import price per kilogram of Scallops into South Korea has been quite volatile over the past five years. In 2016, the price was 7.99 US dollars per kg, which was a slight increase from the previous year. In 2017, the price rose to 10.2 US dollars per kg, before dropping to 10.22 US dollars per kg in 2018. However, the price rose again in 2019 to 13.6 US dollars per kg, before dropping slightly to 13.12 US dollars per kg in 2020. The price then rose again in 2021 to 15.03 US dollars per kg, before reaching its highest point in the past five years at 15.66 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Scallops into South Korea will continue to increase in 2023 and 2024, with an estimated price of 16.29 US dollars per kg and 16.93 US dollars per kg respectively.Export values for South Korea scallops
The total values in export for scallops in South Korea were US$ 1,095, US$ 765, US$ 1,471 and US$ 952 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in South Korea: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of scallops in other countries across Asia: Kazakhstan scallops, Kyrgyzstan scallops, Tajikistan scallops, Turkmenistan scallops, Uzbekistan scallops, China scallops, Hong Kong scallops, Macao scallops, North Korea scallops & Mongolia scallops.
South Korea scallops - Production, Exports, Imports, Seasons and HS Codes
The amount of scallops sold by South Korea in 2020 was 68 tonnes. In 2019 South Korea sold 70 tonnes of scallops. Across 2019 alone, the market for South Korea scallops (seafood category) has reduced, flactuating by -51.389 % compared to the year 2018. Between 2017 and 2019, scallops' exports reduced by -6.67% bringing the country US$0.95m for the year 2019. South Korea's scallops exports are classified as:
- Scallops, incl. queen scallops, prepared or preserved (excluding smoked) (HS code 160552)
- Scallops, incl. queen scallops, of the genera Pecten, Chlamys or Placopecten, smoked, frozen, dried, salted or in brine, even in shell (HS code 030729)
- Live, fresh or chilled, scallops, incl. queen scallops, of the genera Pecten, Chlamys or Placopecten, even in shell (HS code 030721)
- Scallops, incl. queen scallops, of the genera Pecten, Chlamys or Placopecten, frozen, even in shell (HS code 030722)
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South Korea scallops export values
In 2019, South Korea exported scallops costing 0.95m USD, a contraction of -35.42% from 2018's total scallops export of 1.471m USD. The annual change in value of South Korea scallops between 2017 to 2018 was 92.288 percent.
The annual variation in the quantity of South Korea's scallops exports between 2017 and 2019 was -6.67 per cent in comparison to a variation of -51.389% in the period between 2018 and 2019.
Export markets for South Korea scallops ( in '000$ )
South Korea purchased 8,426 tonnes of scallops in 2019.