What is the price of coconut oil per kilogram/pound in South Korea today?
The retail price range for South Korea coconut oil is between US$ 3.10 and US$ 6.49 per kilogram or between US$ 1.41 and US$ 2.94 per pound(lb). Click here to see today's exact prices of coconut oil in South Korea
The retail price range in South Korean won for coconut oil is between KRW 4,139.60 and KRW 8,657.90 per kilogram or between KRW 1,877.37 and KRW 3,926.48 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea coconut oil is between US$ 2.17 and US$ 4.55 per kilogram or between US$ 0.99 and US$ 2.06 per pound(lb).
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South Korea Coconut Oil Export Prices - Historical, Trends and Prediction
The export price of Coconut oil from South Korea over the last five years has been quite volatile. In 2017, the price per kilogram was 2.69 US dollars, which was the lowest in the period. This was followed by a slight increase to 3.14 US dollars in 2018. In 2019, the price per kilogram rose to 5.00 US dollars, before dropping to 4.73 US dollars in 2020. The price then increased to 7.44 US dollars in 2021 and 8.50 US dollars in 2022. Based on this trend, it is predicted that the export price of Coconut oil from South Korea in 2023 will be around 9.50 US dollars per kilogram and in 2024 it will be around 10.50 US dollars per kilogram.The exports of coconut oil from South Korea are classified as:
- Crude coconut oil (HS code 151311)
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
South Korea Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into South Korea has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at 10.79 US dollars per kg, before dropping to 2.69 US dollars per kg in 2017. This was followed by a slight increase to 3.14 US dollars per kg in 2018, before rising to 5.00 US dollars per kg in 2019. The price then dropped to 4.73 US dollars per kg in 2020, before increasing to 7.44 US dollars per kg in 2021 and 8.50 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Coconut oil into South Korea will be 9.45 US dollars per kg in 2023 and 10.40 US dollars per kg in 2024.Export values for South Korea coconut oil
The total values in export for coconut oil in South Korea were US$ 151, US$ 191, US$ 91 and US$ 10 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 coconut oil in other countries across Asia: Kazakhstan coconut oil, Kyrgyzstan coconut oil, Tajikistan coconut oil, Turkmenistan coconut oil, Uzbekistan coconut oil, China coconut oil, Hong Kong coconut oil, Macao coconut oil, North Korea coconut oil & Mongolia coconut oil.
South Korea coconut oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of coconut oil exported by South Korea in 2020 was 11 tonnes. In 2019 South Korea exported 2 tonnes of coconut oil. Through 2019 alone, the market for South Korea coconut oil (processed category) has gone down, changing by -93.103 per cent compared to the year 2018. Between 2017 and 2019, coconut oil's exports reduced by -97.18 pc bringing the country US$0.01m for the year 2019. South Korea's coconut oil exports are categorised as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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South Korea coconut oil export values
In 2019, South Korea supplied coconut oil worth 0.01m USD, a drop of -89.01% from 2018's total coconut oil export of 0.091m USD. The yearly change in value of South Korea coconut oil between 2017 to 2018 was -52.356%.
The per year change in the volume of South Korea's coconut oil exports between 2017 and 2019 was -97.18 pc in comparison to a variation of -93.103% in the period between 2018 and 2019.
South Korea's stake of the world's total coconut oil's exports in 2019 was less than 1%. The country holds number 34 in world exports of coconut oil.
Export markets for South Korea coconut oil ( in '000$ )
South Korea's top export markets for coconut oil are China, Sri Lanka, India, Thailand and Indonesia.
Import/Export Trends
South Korea is a net importer of coconut oil. The annual growth of South Korea coconut oil in value between 2015 to 2019 was 85%, per year, while annual growth in quantity was 39%, per annum.
South Korea procured 56,739 tonnes of coconut oil in 2019.