What is the price of soya sauce per kilogram/pound in South Korea today?
The retail price range for South Korea soya sauce is between US$ 2.94 and US$ 5.89 per kilogram or between US$ 1.33 and US$ 2.67 per pound(lb). Click here to see today's exact prices of soya sauce in South Korea
The retail price range in South Korean won for soya sauce is between KRW 3,920.49 and KRW 7,854.09 per kilogram or between KRW 1,778.00 and KRW 3,561.94 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea soya sauce is between US$ 2.06 and US$ 4.12 per kilogram or between US$ 0.93 and US$ 1.87 per pound(lb).
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South Korea Soya Sauce Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Sauce from South Korea over the last five years has been relatively stable. In 2017, the price was 1.02 US $ per kg, followed by 1.06 US $ per kg in 2018, 0.99 US $ per kg in 2019, 1.05 US $ per kg in 2020, and 1.12 US $ per kg in 2021. The price then increased to 1.14 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Soya Sauce from South Korea will be 1.17 US $ per kg in 2023 and 1.20 US $ per kg in 2024.The exports of soya sauce from South Korea are classified as:
- Soya sauce (HS code 210310)
South Korea Soya Sauce Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Sauce into South Korea has been relatively stable over the last five years. In 2017, the price was at its lowest point of $1.02, before increasing to $1.06 in 2018. The price then decreased again in 2019 to $0.99, before rising to $1.05 in 2020. The most recent data shows that the price has increased to $1.12 in 2021. Based on this trend, it is predicted that the import price per kilogram of Soya Sauce into South Korea will be $1.14 in 2023 and $1.16 in 2024.Export values for South Korea soya sauce
The total values in export for soya sauce in South Korea were US$ 13,440, US$ 13,967, US$ 14,469 and US$ 15,230 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 sauce in other countries across Asia: Kazakhstan soya sauce, Kyrgyzstan soya sauce, Tajikistan soya sauce, Turkmenistan soya sauce, Uzbekistan soya sauce, China soya sauce, Hong Kong soya sauce, Macao soya sauce, North Korea soya sauce & Mongolia soya sauce.
South Korea soya sauce - Production, Exports, Imports, Seasons and HS Codes
The quantity of soya sauce exported by South Korea in 2020 was 15,313 metric tonnes. In 2019 South Korea exported 14,834 tonnes of soya sauce. Across 2019 alone, the demand for South Korea soya sauce (processed category) has improved, recording a change of 8.531 per cent compared to the year 2018. Between 2017 and 2019, soya sauce's exports grew by 9.78% netting the country US$15.23m for the year 2019. South Korea's soya sauce exports are categorised as:
- Soya sauce (HS code 210310)
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South Korea soya sauce export values
In 2019, South Korea shipped soya sauce with a value of 15.23m USD, an increase of 5.26% from 2018's total soya sauce export of 14.469m USD. The yearly increase in value of South Korea soya sauce between 2017 to 2018 was 3.594 pc.
The annual/yearly variation in the quantity of South Korea's soya sauce exports between 2017 and 2019 was 9.78% in comparison to a variation of 8.531% in the period between 2018 and 2019.
Export markets for South Korea soya sauce ( in '000$ )
South Korea's leading export markets for soya sauce are US, Russia, China, Vietnam and Canada.
South Korea ordered 10,531 tonnes of soya sauce in 2019.