What is the price of vinegar per kilogram/pound in South Korea today?
The retail price range for South Korea vinegar is between US$ 4.84 and US$ 8.10 per kilogram or between US$ 2.19 and US$ 3.67 per pound(lb). Click here to see today's exact prices of vinegar in South Korea
The retail price range in South Korean won for vinegar is between KRW 6,451.73 and KRW 10,796.50 per kilogram or between KRW 2,925.95 and KRW 4,896.37 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea vinegar is between US$ 3.39 and US$ 5.67 per kilogram or between US$ 1.54 and US$ 2.57 per pound(lb).
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South Korea Vinegar Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vinegar from South Korea over the last five years has been relatively stable. In 2017, the price was 1.98 US $ per kg, followed by 1.86 US $ per kg in 2018. In 2019, the price dropped to 1.79 US $ per kg and then increased to 1.90 US $ per kg in 2020. The price then decreased to 1.74 US $ per kg in 2021 and 1.71 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Vinegar from South Korea in 2023 will be around 1.68 US $ per kg and in 2024 will be around 1.65 US $ per kg.South Korea Vinegar Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vinegar into South Korea over the last five years has been relatively stable. In 2017, the price was $1.98, followed by $1.86 in 2018, $1.79 in 2019, $1.90 in 2020, and $1.74 in 2021. This indicates a slight downward trend in the price of Vinegar over the last five years. Looking ahead, we can predict that the import price per kilogram of Vinegar into South Korea in 2023 will be around $1.68 and in 2024 will be around $1.63.Export values for South Korea vinegar
The total values in export for vinegar in South Korea were US$ 11,244, US$ 15,417, US$ 16,007 and US$ 34,556 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 vinegar in other countries across Asia: Kazakhstan vinegar, Kyrgyzstan vinegar, Tajikistan vinegar, Turkmenistan vinegar, Uzbekistan vinegar, China vinegar, Hong Kong vinegar, Macao vinegar, North Korea vinegar & Mongolia vinegar.
South Korea vinegar - Production, Exports, Imports, Seasons and HS Codes
The amount of vinegar sold by South Korea in 2020 was 27,427 metric tons. In 2019 South Korea sold 19,339 tonnes of vinegar. Across 2019 alone, the interest in South Korea vinegar (processed category) has improved, changing by 124.22 per cent compared to the year 2018. Between 2017 and 2019, vinegar's exports increased by 148.35 pc earning the nation US$34.56m for the year 2019. South Korea's vinegar exports are categorised as:
- Vinegar, fermented vinegar and substitutes for vinegar obtained from acetic acid (HS code 220900)
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South Korea vinegar export values
In 2019, South Korea shipped vinegar with a value of 34.56m USD, an improvement of 115.91% from 2018's total vinegar export of 16.007m USD. The yearly growth in value of South Korea vinegar between 2017 to 2018 was 3.827 percent.
The per year change in the amount of South Korea's vinegar exports between 2017 and 2019 was 148.35% compared to a variation of 124.22% in the period between 2018 and 2019.
South Korea's share of the world's total vinegar's exports in 2019 was less than 1%. The country holds number 31 in world exports of vinegar.
Export markets for South Korea vinegar ( in '000$ )
Import/Export Trends
South Korea is a net importer of vinegar. The annual growth of South Korea vinegar in value between 2015 to 2019 was 275%, per year, while annual growth in quantity for the same period was 30%, per annum.
South Korea procured 3,384 tonnes of vinegar in 2019.