What is the price of walnuts per kilogram/pound in South Korea today?
The retail price range for South Korea walnuts is between US$ 8.19 and US$ 25.37 per kilogram or between US$ 3.71 and US$ 11.51 per pound(lb). Click here to see today's exact prices of walnuts in South Korea
The retail price range in South Korean won for walnuts is between KRW 10,919.31 and KRW 33,825.12 per kilogram or between KRW 4,952.07 and KRW 15,340.19 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea walnuts is between US$ 5.73 and US$ 17.76 per kilogram or between US$ 2.60 and US$ 8.05 per pound(lb).
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South Korea Walnuts Export Prices - Historical, Trends and Prediction
The export price per kilogram of Walnuts from South Korea over the last five years has seen a steady decline. In 2017, the price was 8.41 US dollars per kg, which dropped to 8.33 US dollars per kg in 2016. In 2015, the price was 9.23 US dollars per kg, and in 2014, it was 10.68 US dollars per kg. The lowest price was seen in 2021, when it was 6.25 US dollars per kg. The current price is 7.30 US dollars per kg. Based on the current trend, it is predicted that the export price per kilogram of Walnuts from South Korea in 2023 will be around 5.90 US dollars per kg and in 2024 it will be around 4.50 US dollars per kg.The exports of walnuts from South Korea are categorised as:
- Fresh or dried walnuts, shelled (HS code 080232)
- Fresh or dried walnuts, in shell (HS code 080231)
South Korea Walnuts Import Prices - Historical, Trends and Prediction
The import price per kilogram of Walnuts into South Korea over the last five years has been relatively stable. In 2017, the price was 8.41 US dollars per kg, followed by 8.33 US dollars per kg in 2016. In 2015, the price was 9.23 US dollars per kg and in 2014, the price was 10.68 US dollars per kg. The lowest price was recorded in 2013, at 5.32 US dollars per kg. The current price is 6.25 US dollars per kg. Looking ahead, it is likely that the price of Walnuts imported into South Korea will remain relatively stable. We predict that the price in 2023 will be 7.30 US dollars per kg and the price in 2024 will be 2.91 US dollars per kg.Export values for South Korea walnuts
The total values in export for walnuts in South Korea were US$ 683, US$ 286, US$ 297 and US$ 199 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in South Korea: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Chestnuts, Pistachios, Macadamia Nuts, Kola Nuts & Areca (Betel) Nut.
See prices of walnuts in other countries across Asia: Kazakhstan walnuts, Kyrgyzstan walnuts, Tajikistan walnuts, Turkmenistan walnuts, Uzbekistan walnuts, China walnuts, Hong Kong walnuts, Macao walnuts, North Korea walnuts & Mongolia walnuts.
South Korea walnuts - Production, Exports, Imports, Seasons and HS Codes
The amount of walnuts sold by South Korea in 2020 was 24 tons. In 2019 South Korea sold 30 tonnes of walnuts. In 2019 alone, the market for South Korea walnuts (nuts category) has gone down, changing by -23.077 per cent compared to the year 2018. Between 2017 and 2019, walnuts' exports reduced by -11.76 percent netting the nation US$0.20m for the year 2019. South Korea's walnuts exports are classified as:
- Fresh or dried walnuts, in shell (HS code 080231)
- Fresh or dried walnuts, shelled (HS code 080232)
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South Korea walnuts export values
In 2019, South Korea shipped walnuts costing 0.20m USD, a contraction of -32.66% from 2018's total walnuts export of 0.297m USD. The yearly reduction in value of South Korea walnuts between 2017 to 2018 was 3.846 percent.
The per year change in the amount of South Korea's walnuts exports between 2017 and 2019 was -11.76 percent when compared to a variation of -23.077% in the growth rate between 2018 and 2019.
South Korea's portion of the world's total walnuts' exports in 2019 was less than 1%. The country is ranked number 37 in world exports of walnuts.
Export markets for South Korea walnuts ( in '000$ )
South Korea's top destinations for walnuts are United Arab Emirates (UAE), Japan, Mongolia, Thailand and Hong Kong.
Import/Export Trends
South Korea is a net importer of walnuts. The annual growth of South Korea walnuts in value between 2015 to 2019 was 158%, per year, while annual growth in quantity during the same period was 33%, per annum.
South Korea purchased 12,826 tonnes of walnuts in 2019.
Production
The production of walnuts in South Korea was 2,262 tonnes in 2019 and is projected to change by an average of 0.53%. The country had approximately 1,154.00 hectares under walnuts cultivation.