What is the price of taro (arrowroot) per kilogram/pound in South Korea today?
The retail price range for South Korea taro (arrowroot) is between US$ 2.55 and US$ 5.05 per kilogram or between US$ 1.16 and US$ 2.29 per pound(lb). Click here to see today's exact prices of taro (arrowroot) in South Korea
The retail price range in South Korean won for taro (arrowroot) is between KRW 3,399.77 and KRW 6,735.40 per kilogram or between KRW 1,541.85 and KRW 3,054.60 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea taro (arrowroot) is between US$ 1.78 and US$ 3.54 per kilogram or between US$ 0.81 and US$ 1.60 per pound(lb).
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South Korea Taro (arrowroot) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Taro (Arrowroot) from South Korea has been quite volatile over the last five years. In 2017, the price was 5.50 US dollars per kg, followed by a sharp decline to 1.71 US dollars per kg in 2018. In 2019, the price increased to 2.16 US dollars per kg, and then rose to 6.50 US dollars per kg in 2020. The highest price was recorded in 2021, at 12.80 US dollars per kg, before dropping to 6.08 US dollars per kg in 2022. Based on this data, it is likely that the export price per kilogram of Taro (Arrowroot) from South Korea will remain around 6.08 US dollars per kg in 2023 and 2024.South Korea Taro (arrowroot) Import Prices - Historical, Trends and Prediction
The import price of Taro (Arrowroot) into South Korea has been quite volatile over the past five years. In 2016, the import price was 7.17 US$ per kg, which was the highest in the past five years. This was followed by a sharp decline in 2017 to 5.50 US$ per kg. In 2018, the import price further decreased to 1.71 US$ per kg, the lowest in the past five years. In 2019, the import price increased to 2.16 US$ per kg and in 2020, it further increased to 6.50 US$ per kg. The import price in 2021 was the highest in the past five years at 12.80 US$ per kg. In 2022, the import price decreased to 6.08 US$ per kg. Based on the data, it is predicted that the import price of Taro (Arrowroot) into South Korea in 2023 will be 8.39 US$ per kg and in 2024 will be 8.74 US$ per kg.Export values for South Korea taro (arrowroot)
The total values in export for taro (arrowroot) in South Korea were US$ 43, US$ 11, US$ 41 and US$ 138 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, Sweet Potatoes, Yams, Licorice roots, Ginseng roots, Chicory roots & Cocoyam.
See prices of taro (arrowroot) in other countries across Asia: Kazakhstan taro (arrowroot), Kyrgyzstan taro (arrowroot), Tajikistan taro (arrowroot), Turkmenistan taro (arrowroot), Uzbekistan taro (arrowroot), China taro (arrowroot), Hong Kong taro (arrowroot), Macao taro (arrowroot), North Korea taro (arrowroot) & Mongolia taro (arrowroot).
South Korea taro (arrowroot) - Production, Exports, Imports, Seasons and HS Codes
The quantity of taro (arrowroot) exported by South Korea in 2020 was 4 tons. In 2019 South Korea sold 64 tonnes of taro (arrowroot). Through 2019 alone, the demand for South Korea taro (arrowroot) (tubers category) has surged, recording a change of 166.667 percent compared to the year 2018. Between 2017 and 2019, taro (arrowroot)'s exports increased by 3100 percent earning South Korea US$0.14m for the year 2019. South Korea's taro (arrowroot) exports are categorised as:
- Taro "Colocasia spp.", fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets (HS code 071440)
- Arrowroot, salep, Jerusalem artichokes and similar roots and tubers with high starch or inulin content, fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets, and sago pith (excluding manioc "cassava", sweet potatoes, yams, taro and yautia) (HS code 071490)
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South Korea taro (arrowroot) export values
In 2019, South Korea shipped taro (arrowroot) worth 0.14m USD, an increase of 241.46% from 2018's total taro (arrowroot) export of 0.041m USD. The yearly change in value of South Korea taro (arrowroot) between 2017 to 2018 was 272.727%.
The per year variation in the amount of South Korea's taro (arrowroot) exports between 2017 and 2019 was 3100% compared to a variation of 166.667% in the period between 2018 and 2019.
South Korea's portion of the world's total taro (arrowroot)'s exports in 2019 was less than 1%. South Korea holds number 43 in world exports of taro (arrowroot).
Export markets for South Korea taro (arrowroot) ( in '000$ )
Import/Export Trends
South Korea is a net importer of taro (arrowroot). The annual growth of South Korea taro (arrowroot) in value between 2015 to 2019 was 103%, per year, while annual growth in quantity during the same period was 18%, per annum.
South Korea brought in 2,422 tonnes of taro (arrowroot) in 2019.