What is the price of soya bean flour per kilogram/pound in South Korea today?
The retail price range for South Korea soya bean flour is between US$ 5.81 and US$ 8.73 per kilogram or between US$ 2.64 and US$ 3.96 per pound(lb). Click here to see today's exact prices of soya bean flour in South Korea
The retail price range in South Korean won for soya bean flour is between KRW 7,752.66 and KRW 11,635.46 per kilogram or between KRW 3,515.94 and KRW 5,276.85 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea soya bean flour is between US$ 4.07 and US$ 6.11 per kilogram or between US$ 1.85 and US$ 2.77 per pound(lb).
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South Korea Soya Bean Flour Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Bean Flour from South Korea over the last five years has been quite volatile. In 2012, the price was 3.00 US $ per kg, which increased to 3.87 US $ per kg in 2013. However, the price dropped to 2.75 US $ per kg in 2015, before rising to 4.07 US $ per kg in 2016. The price then increased significantly to 5.67 US $ per kg in 2017, before dropping to 5.20 US $ per kg in 2018 and 5.00 US $ per kg in 2019. In 2020, the price dropped to 1.96 US $ per kg, before increasing to 2.69 US $ per kg in 2021 and 3.88 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Soya Bean Flour from South Korea will be 4.45 US $ per kg in 2023 and 5.22 US $ per kg in 2024.South Korea Soya Bean Flour Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Bean Flour into South Korea has seen a fluctuating trend over the last five years. In 2016, the price was recorded at $4.07, which was the highest in the five year period. This was followed by a decrease in 2017 to $5.67, and then a further decrease in 2018 to $5.20. In 2019, the price dropped to its lowest point of $5.00, before increasing to $1.96 in 2020. The price then rose again in 2021 to $2.69, and then to $3.88 in 2022. Based on the data, it is predicted that the import price per kilogram of Soya Bean Flour into South Korea will continue to increase in the next two years. It is expected that the price will reach $4.50 in 2023 and $5.00 in 2024.Export values for South Korea soya bean flour
The total values in export for soya bean flour in South Korea were US$ 57, US$ 17, US$ 26 and US$ 25 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 soya bean flour in other countries across Asia: Kazakhstan soya bean flour, Kyrgyzstan soya bean flour, Tajikistan soya bean flour, Turkmenistan soya bean flour, Uzbekistan soya bean flour, China soya bean flour, Hong Kong soya bean flour, Macao soya bean flour, North Korea soya bean flour & Mongolia soya bean flour.
South Korea soya bean flour - Production, Exports, Imports, Seasons and HS Codes
The volume of soya bean flour sold by South Korea in 2020 was 27 metric tons. In 2019 South Korea exported 5 tonnes of soya bean flour. For the year 2019 alone, the interest in South Korea soya bean flour (processed category) has been stable, changing by 0 pc compared to the year 2018. Between 2017 and 2019, soya bean flour's exports increased by 66.67% netting South Korea US$0.02m for the year 2019. South Korea's soya bean flour exports are categorised as:
- Soya bean flour and meal (HS code 120810)
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South Korea soya bean flour export values
In 2019, South Korea exported soya bean flour with a value of 0.02m USD, a contraction of -23.08% from 2018's total soya bean flour export of 0.026m USD. The yearly change in value of South Korea soya bean flour between 2017 to 2018 was 52.941 pc.
The yearly change in the amount of South Korea's soya bean flour exports between 2017 and 2019 was 66.67 percent compared to a variation of 0% in the period between 2018 and 2019.
Export markets for South Korea soya bean flour ( in '000$ )
South Korea imported 17,898 tonnes of soya bean flour in 2019.