What is the price of wine per kilogram/pound in South Korea today?
The retail price range for South Korea wine is between US$ 7.80 and US$ 16.56 per kilogram or between US$ 3.54 and US$ 7.51 per pound(lb). Click here to see today's exact prices of wine in South Korea
The retail price range in South Korean won for wine is between KRW 10,393.60 and KRW 22,086.40 per kilogram or between KRW 4,713.65 and KRW 10,016.51 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea wine is between US$ 5.46 and US$ 11.60 per kilogram or between US$ 2.47 and US$ 5.26 per pound(lb).
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South Korea Wine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Wine from South Korea over the last five years has been relatively stable. In 2017, the price was 0.65 US $ per kg, followed by 0.70 US $ per kg in 2018. In 2019, the price increased to 0.77 US $ per kg and further increased to 0.79 US $ per kg in 2020. The highest price was recorded in 2021 at 0.88 US $ per kg. The price decreased slightly to 0.85 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Wine from South Korea in 2023 will be 0.86 US $ per kg and in 2024 will be 0.87 US $ per kg.The wine exports from South Korea are categorised as:
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
- Sparkling wine of fresh grapes (HS code 220410)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
- Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
- Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
South Korea Wine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Wine into South Korea has seen a steady decline over the past five years. In 2017, the price was 0.65 US $ per kg, and in 2021, it was 0.88 US $ per kg. This represents a decrease of 0.23 US $ per kg over the five year period. The lowest price was recorded in 2015, when the import price was 0.66 US $ per kg. The highest price was recorded in 2021, when the import price was 0.88 US $ per kg. Based on the current trend, it is predicted that the import price per kilogram of Wine into South Korea in 2023 will be 0.83 US $ per kg, and in 2024 will be 0.78 US $ per kg.Export values for South Korea wine
The total values in export for wine in South Korea were US$ 122,963, US$ 114,884, US$ 79,332 and US$ 53,286 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 wine in other countries across Asia: Kazakhstan wine, Kyrgyzstan wine, Tajikistan wine, Turkmenistan wine, Uzbekistan wine, China wine, Hong Kong wine, Macao wine, North Korea wine & Mongolia wine.
South Korea wine - Production, Exports, Imports, Seasons and HS Codes
The volume of wine shipped by South Korea in 2020 was 69,814 metric tonnes. In 2019 South Korea shipped 69,155 tonnes of wine. For 2019 alone, the market for South Korea wine (processed category) has gone down, with a change of -38.781 percent compared to the year 2018. Between 2017 and 2019, wine's exports reduced by -60.86 percent bringing the exporter US$53.29m for the year 2019. South Korea's wine exports are classified as:
- Sparkling wine of fresh grapes (HS code 220410)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
- Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)
- Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
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South Korea wine export values
In 2019, South Korea exported wine costing 53.29m USD, a reduction of -32.83% from 2018's total wine export of 79.332m USD. The yearly change in value of South Korea wine between 2017 to 2018 was -30.946 percent.
The annual/yearly change in the quantity of South Korea's wine exports between 2017 and 2019 was -60.86 percent in comparison to a variation of -38.781% in the period between 2018 and 2019.
South Korea's share of the world's total wine's exports in 2019 was 8.4 percent. South Korea holds number 5 in world exports of wine.
Export markets for South Korea wine ( in '000$ )
South Korea's best performing destinations for wine are US, South Africa, Spain, Nigeria and Vietnam.
South Korea purchased 61,200 tonnes of wine in 2019.