What is the price of sweet potatoes per kilogram/pound in South Korea today?
The retail price range for South Korea sweet potatoes is between US$ 0.74 and US$ 8.62 per kilogram or between US$ 0.34 and US$ 3.91 per pound(lb). Click here to see today's exact prices of sweet potatoes in South Korea
The retail price range in South Korean won for sweet potatoes is between KRW 985.40 and KRW 11,496.33 per kilogram or between KRW 446.89 and KRW 5,213.76 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea sweet potatoes is between US$ 0.52 and US$ 6.04 per kilogram or between US$ 0.23 and US$ 2.74 per pound(lb).
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South Korea Sweet Potatoes Export Prices - Historical, Trends and Prediction
The export price per kilogram of Sweet Potatoes from South Korea has seen a steady increase over the last five years. In 2017, the export price was 3.18 US $ per kg, and in 2021 it had risen to 5.66 US $ per kg. The highest price was seen in 2021, with 4.81 US $ per kg in 2018 and 4.26 US $ per kg in 2019. The most recent price was 4.07 US $ per kg in 2020. Based on this trend, it is predicted that the export price of Sweet Potatoes from South Korea in 2023 will be around 5.90 US $ per kg and in 2024 it will be around 6.14 US $ per kg.The South Korea sweet potatoes exports are classified as:
- Sweet potatoes, fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets (HS code 071420)
South Korea Sweet Potatoes Import Prices - Historical, Trends and Prediction
The import price per kilogram of Sweet Potatoes into South Korea has been relatively stable over the last five years. In 2016, the price was 3.08 US dollars per kg, and in 2017 it increased slightly to 3.18 US dollars per kg. In 2018, the price rose to 4.81 US dollars per kg, and in 2019 it decreased to 4.26 US dollars per kg. In 2020, the price dropped again to 4.07 US dollars per kg, and in 2021 it increased to 5.66 US dollars per kg. Finally, in 2022 the price decreased to 4.89 US dollars per kg. Based on this data, it is likely that the import price per kilogram of Sweet Potatoes into South Korea will remain relatively stable in the next two years, with an estimated price of 4.90 US dollars per kg in 2023 and 4.91 US dollars per kg in 2024.Export values for South Korea sweet potatoes
The total values in export for sweet potatoes in South Korea were US$ 957, US$ 1,002, US$ 894 and US$ 1,261 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in South Korea: Seed Potatoes, Potatoes, Cassava, Yams, Taro (Arrowroot), Licorice roots, Ginseng roots, Chicory roots & Cocoyam.
See prices of sweet potatoes in other countries across Asia: Kazakhstan sweet potatoes, Kyrgyzstan sweet potatoes, Tajikistan sweet potatoes, Turkmenistan sweet potatoes, Uzbekistan sweet potatoes, China sweet potatoes, Hong Kong sweet potatoes, Macao sweet potatoes, North Korea sweet potatoes & Mongolia sweet potatoes.
South Korea sweet potatoes - Production, Exports, Imports, Seasons and HS Codes
The amount of sweet potatoes shipped by South Korea in 2020 was 357 metric tonnes. In 2019 South Korea exported 296 tonnes of sweet potatoes. For 2019 alone, the interest in South Korea sweet potatoes (tubers category) has gone up, flactuating by 59.14 pc compared to the year 2018. Between 2017 and 2019, sweet potatoes' exports reduced by -6.03 pc netting the exporter US$1.26m for the year 2019. South Korea's sweet potatoes exports are categorised as:
- Sweet potatoes, fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets (HS code 071420)
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South Korea sweet potatoes export values
In 2019, South Korea sold sweet potatoes worth 1.26m USD, a surge of 40.94% from 2018's total sweet potatoes export of 0.894m USD. The annual change in value of South Korea sweet potatoes between 2017 to 2018 was -10.778 percent.
The per year change in the amount of South Korea's sweet potatoes exports between 2017 and 2019 was -6.03% in comparison to a variation of 59.14% in the period between 2018 and 2019.
South Korea's share of the world's total sweet potatoes' exports in 2019 was less than 1%. The country is ranked number 30 in world exports of sweet potatoes.
Export markets for South Korea sweet potatoes ( in '000$ )
South Korea's leading destinations for sweet potatoes are Hong Kong, Singapore, Canada, Malaysia and Mongolia.
Import/Export Trends
South Korea is a net importer of sweet potatoes. The annual growth of South Korea sweet potatoes in value between 2015 to 2019 was 176%, per year, while annual growth in quantity for the same period was -19%, per annum.
South Korea purchased 203 tonnes of sweet potatoes in 2019.
Production
The production of sweet potatoes in South Korea was 309,211 tonnes in 2019 and is projected to change by an average of 1.28%. The country had an estimated 21,775.00 hectares under sweet potatoes cultivation.