What is the price of yeast per kilogram/pound in South Korea today?
The retail price range for South Korea yeast is between US$ 5.61 and US$ 15.26 per kilogram or between US$ 2.54 and US$ 6.92 per pound(lb). Click here to see today's exact prices of yeast in South Korea
The retail price range in South Korean won for yeast is between KRW 7,480.96 and KRW 20,344.08 per kilogram or between KRW 3,392.72 and KRW 9,226.34 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea yeast is between US$ 3.93 and US$ 10.68 per kilogram or between US$ 1.78 and US$ 4.84 per pound(lb).
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South Korea Yeast Export Prices - Historical, Trends and Prediction
The export price per kilogram of Yeast from South Korea over the last five years has been quite volatile. In 2017, the price was 14.21 US dollars per kg, which was the highest in the last five years. In 2018, the price dropped to 13.73 US dollars per kg, and then further decreased to 13.37 US dollars per kg in 2019. However, in 2020, the price increased to 14.15 US dollars per kg, and then further increased to 15.54 US dollars per kg in 2021. The latest data shows that the export price per kilogram of Yeast from South Korea is 17.86 US dollars per kg in 2022. Based on the trend, it is predicted that the export price per kilogram of Yeast from South Korea will be around 19.00 US dollars per kg in 2023 and 20.00 US dollars per kg in 2024.South Korea Yeast Import Prices - Historical, Trends and Prediction
The import price per kilogram of Yeast into South Korea has seen a steady increase over the last five years. In 2017, the price was 14.21 US dollars per kg, which was the highest in the five year period. This was followed by a slight decrease in 2018 to 13.73 US dollars per kg. In 2019, the price dropped further to 13.37 US dollars per kg. However, in 2020, the price rose again to 14.15 US dollars per kg and in 2021, it increased to 15.54 US dollars per kg. The latest data shows that the import price per kilogram of Yeast into South Korea is 17.86 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Yeast into South Korea in 2023 will be around 19.50 US dollars per kg and in 2024 it will be around 21.20 US dollars per kg.Export values for South Korea yeast
The total values in export for yeast in South Korea were US$ 6,754, US$ 9,762, US$ 14,194 and US$ 17,161 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 yeast in other countries across Asia: Kazakhstan yeast, Kyrgyzstan yeast, Tajikistan yeast, Turkmenistan yeast, Uzbekistan yeast, China yeast, Hong Kong yeast, Macao yeast, North Korea yeast & Mongolia yeast.
South Korea yeast - Production, Exports, Imports, Seasons and HS Codes
The quantity of yeast sold by South Korea in 2020 was 1,301 tons. In 2019 South Korea exported 1,284 tonnes of yeast. In 2019 alone, the market for South Korea yeast (processed category) has improved, with a change of 24.178 percent compared to the year 2018. Between 2017 and 2019, yeast's exports went up by 86.9 pc earning the country US$17.16m for the year 2019. South Korea's yeast exports are categorised as:
- Active yeasts (HS code 210210)
- Inactive yeasts; other dead single-cell micro-organisms (excluding packaged as medicaments) (HS code 210220)
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South Korea yeast export values
In 2019, South Korea shipped yeast costing 17.16m USD, an increase of 20.90% from 2018's total yeast export of 14.194m USD. The annual change in value of South Korea yeast between 2017 to 2018 was 45.401 percent.
The yearly variation in the quantity of South Korea's yeast exports between 2017 and 2019 was 86.9% compared to a variation of 24.178% in the period between 2018 and 2019.
South Korea's portion of the world's total yeast's exports in 2019 was less than 1%. The country is ranked number 74 in world exports of yeast.
Export markets for South Korea yeast ( in '000$ )
Import/Export Trends
South Korea is a net exporter of yeast. The annual growth of South Korea yeast in value between 2015 to 2019 was 13%, per annum, while annual growth in quantity was -16%, per annum.
South Korea bought 18,685 tonnes of yeast in 2019.