What is the price of soya beans per kilogram/pound in South Korea today?
The retail price range for South Korea soya beans is between US$ 7.55 and US$ 8.05 per kilogram or between US$ 3.43 and US$ 3.65 per pound(lb). Click here to see today's exact prices of soya beans in South Korea
The retail price range in South Korean won for soya beans is between KRW 10,069.87 and KRW 10,729.13 per kilogram or between KRW 4,566.84 and KRW 4,865.82 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea soya beans is between US$ 5.29 and US$ 5.63 per kilogram or between US$ 2.40 and US$ 2.55 per pound(lb).
Related: Kenya Soya Beans prices, South Africa Soya Beans prices, Malaysia Soya Beans prices, Philippines Soya Beans prices, India Soya Beans prices, United Arab Emirates (UAE) Soya Beans prices, Canada Soya Beans prices, US Soya Beans prices, Australia Soya Beans prices, New Zealand Soya Beans prices, Germany Soya Beans prices, Netherlands Soya Beans prices, Spain Soya Beans prices, United Kingdom (UK) Soya Beans prices,
Price Finder Tool
Search for prices of South Korea soya beans and other products in different countries.
South Korea Soya Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Beans from South Korea over the last five years has been quite varied. In 2017, the price was 2.07 US $ per kg, followed by a sharp decrease to 0.87 US $ per kg in 2016. Prices then rose to 1.4 US $ per kg in 2014, before reaching a peak of 9.53 US $ per kg in 2019. The most recent figures show a slight decrease to 1.55 US $ per kg in 2021 and 1.83 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Soya Beans from South Korea in 2023 will be around 1.90 US $ per kg and in 2024 will be around 1.97 US $ per kg.The South Korea soya beans exports are classified as:
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (HS code 120100)
South Korea Soya Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Beans into South Korea over the last five years has been quite volatile. In 2016, the price was at its lowest at 0.87 US $ per kg, before rising to 2.07 US $ per kg in 2017. This was followed by a sharp decline to 1.03 US $ per kg in 2018. However, in 2019, the price skyrocketed to 9.53 US $ per kg, before dropping back to 1.04 US $ per kg in 2020. The price then rose again to 1.55 US $ per kg in 2021, before settling at 1.83 US $ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Soya Beans into South Korea will remain around the 1.83 US $ per kg mark in 2023 and 2024.Export values for South Korea soya beans
The total values in export for soya beans in South Korea were US$ 739, US$ 91, US$ 154 and US$ 162 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in South Korea: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet & Canary seed.
See prices of soya beans in other countries across Asia: Kazakhstan soya beans, Kyrgyzstan soya beans, Tajikistan soya beans, Turkmenistan soya beans, Uzbekistan soya beans, China soya beans, Hong Kong soya beans, Macao soya beans, North Korea soya beans & Mongolia soya beans.
South Korea soya beans - Production, Exports, Imports, Seasons and HS Codes
The volume of soya beans shipped by South Korea in 2020 was 184 tonnes. In 2019 South Korea shipped 17 tonnes of soya beans. Across 2019 alone, the demand for South Korea soya beans (cereals/grains category) has reduced, changing by -88.591 % compared to the year 2018. Between 2017 and 2019, soya beans' exports reduced by -61.36 pc netting the exporter US$0.16m for the year 2019. South Korea's soya beans exports are categorised as:
- Soya beans, whether or not broken (HS code 120100)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
Are you a producer of soya beans or other products?
Sign up today for FREE to buy or sell soya beans.
South Korea soya beans export values
In 2019, South Korea shipped soya beans valued at 0.16m USD, an improvement of 3.90% from 2018's total soya beans export of 0.154m USD. The annual growth in value of South Korea soya beans between 2017 to 2018 was 69.231 pc.
The annual change in the volume of South Korea's soya beans exports between 2017 and 2019 was -61.36 per cent compared to a variation of -88.591% in the period between 2018 and 2019.
Export markets for South Korea soya beans ( in '000$ )
South Korea's leading export markets for soya beans are the Philippines, Jordan, Mongolia, South Africa and US.
South Korea brought in 1,263,899 tonnes of soya beans in 2019.
Production
The production of soya beans in South Korea was 316,020 tonnes in 2019 and is estimated to change by an average of 17.82%. The country had approximately 175,611.00 hectares under soya beans cultivation.