What is the price of whey per kilogram/pound in South Korea today?
The retail price range for South Korea whey is between US$ 26.81 and US$ 43.13 per kilogram or between US$ 12.16 and US$ 19.56 per pound(lb). Click here to see today's exact prices of whey in South Korea
The retail price range in South Korean won for whey is between KRW 35,749.43 and KRW 57,502.07 per kilogram or between KRW 16,212.89 and KRW 26,078.04 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea whey is between US$ 18.77 and US$ 30.19 per kilogram or between US$ 8.51 and US$ 13.69 per pound(lb).
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South Korea Whey Export Prices - Historical, Trends and Prediction
The export price per kilogram of Whey from South Korea over the last five years has been quite volatile. In 2012, the price was 6.10 US dollars per kg, which dropped to 2.25 US dollars per kg in 2015. However, the price rose to 9.00 US dollars per kg in 2017 and then decreased to 4.84 US dollars per kg in 2018. In 2019, the price increased to 5.66 US dollars per kg and then dropped to 4.79 US dollars per kg in 2020. This year, the price has risen to 19.00 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Whey from South Korea in 2023 will be around 13.00 US dollars per kg and in 2024 it will be around 8.00 US dollars per kg.The exports of whey from South Korea are classified as:
- Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter (HS code 040410)
South Korea Whey Import Prices - Historical, Trends and Prediction
The import price per kilogram of Whey into South Korea has seen a significant fluctuation over the past five years. In 2012, the price was 6.10 US dollars per kg, which dropped to 2.25 US dollars per kg in 2015. This was followed by a sharp increase to 9.00 US dollars per kg in 2017. In 2018, the price dropped to 4.84 US dollars per kg, before rising to 5.66 US dollars per kg in 2019. The most recent data shows that the price has dropped to 4.79 US dollars per kg in 2020. Looking ahead, the price is expected to rise to 19.00 US dollars per kg in 2021, before dropping to 13.00 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Whey into South Korea will be 11.45 US dollars per kg in 2023 and 8.23 US dollars per kg in 2024.Export values for South Korea whey
The total values in export for whey in South Korea were US$ 18, US$ 9, US$ 1,326 and US$ 1,465 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Korea: Milk & Cream, Yogurt, Kefir & Buttermilk, Butter, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of whey in other countries across Asia: Kazakhstan whey, Kyrgyzstan whey, Tajikistan whey, Turkmenistan whey, Uzbekistan whey, China whey, Hong Kong whey, Macao whey, North Korea whey & Mongolia whey.
South Korea whey - Production, Exports, Imports, Seasons and HS Codes
The amount of whey sold by South Korea in 2020 was 212 tonnes. In 2019 South Korea sold 259 tonnes of whey. For the year 2019 alone, the demand for South Korea whey (processed category) has shrunk, with a change of -5.474 pc compared to the year 2018. Between 2017 and 2019, whey's exports increased by 25800 percent netting the nation US$1.46m for the year 2019. South Korea's whey exports are classified as:
- Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter (HS code 040410)
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South Korea whey export values
In 2019, South Korea shipped whey with a value of 1.46m USD, a growth of 10.11% from 2018's total whey export of 1.326m USD. The annual increase in value of South Korea whey between 2017 to 2018 was 14633.333%.
The annual/yearly change in the quantity of South Korea's whey exports between 2017 and 2019 was 25800% compared to a variation of -5.474% in the period between 2018 and 2019.
South Korea's portion of the world's total whey's exports in 2019 was less than 1%. The country holds position 17 in world exports of whey.
Export markets for South Korea whey ( in '000$ )
South Korea's top destinations for whey are China, Japan, Germany, US and Singapore.
Import/Export Trends
South Korea is a net exporter of whey. The annual growth of South Korea whey in value between 2015 to 2019 was 38%, per annum, while annual growth in quantity through the same period was 124%, per annum.
South Korea imported 38,372 tonnes of whey in 2019.