What is the price of lard oil per kilogram/pound in South Korea today?
The retail price range for South Korea lard oil is between US$ 2.65 and US$ 3.50 per kilogram or between US$ 1.20 and US$ 1.59 per pound(lb). Click here to see today's exact prices of lard oil in South Korea
The retail price range in South Korean won for lard oil is between KRW 3,527.24 and KRW 4,672.27 per kilogram or between KRW 1,599.65 and KRW 2,118.94 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea lard oil is between US$ 1.85 and US$ 2.45 per kilogram or between US$ 0.84 and US$ 1.11 per pound(lb).
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South Korea Lard Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lard Oil from South Korea has seen a steady decline over the last five years. In 2012, the price was 1.50 US dollars per kg, while in 2017 it had dropped to 0.89 US dollars per kg. In 2018, the price rose slightly to 0.93 US dollars per kg, before dropping again to 0.91 US dollars per kg in 2019. The price then rose to 0.92 US dollars per kg in 2020 and 0.98 US dollars per kg in 2021. The most recent data shows that the export price per kilogram of Lard Oil from South Korea is 1.29 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Lard Oil from South Korea will be 1.25 US dollars per kg in 2023 and 1.20 US dollars per kg in 2024.The lard oil exports from South Korea are categorised as:
- Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared) (HS code 150300)
South Korea Lard Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lard Oil into South Korea has seen a steady decline over the past five years. In 2017, the price was 0.89 US$ per kg, which dropped to 0.86 US$ per kg in 2016. In 2015, the price was 0.91 US$ per kg, and in 2014, it was 0.96 US$ per kg. The lowest price was recorded in 2012, at 1.5 US$ per kg. In 2020, the price was 0.92 US$ per kg, and in 2021, it was 0.98 US$ per kg. The most recent data shows that the price has increased to 1.29 US$ per kg in 2022. Based on the data, it is likely that the price of Lard Oil will continue to increase in the next two years. We predict that the price will be 1.33 US$ per kg in 2023 and 1.37 US$ per kg in 2024.Export values for South Korea lard oil
The total values in export for lard oil in South Korea were US$ 221, US$ 191, US$ 434 and US$ 670 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 lard oil in other countries across Asia: Kazakhstan lard oil, Kyrgyzstan lard oil, Tajikistan lard oil, Turkmenistan lard oil, Uzbekistan lard oil, China lard oil, Hong Kong lard oil, Macao lard oil, North Korea lard oil & Mongolia lard oil.
South Korea lard oil - Production, Exports, Imports, Seasons and HS Codes
The volume of lard oil sold by South Korea in 2020 was 1,005 tons. In 2019 South Korea sold 734 tonnes of lard oil. Through 2019 alone, the interest in South Korea lard oil (processed category) has increased, changing by 56.838 percent compared to the year 2018. Between 2017 and 2019, lard oil's exports went up by 241.4 percent netting South Korea US$0.67m for the year 2019. South Korea's lard oil exports are categorised as:
- Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared) (HS code 150300)
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South Korea lard oil export values
In 2019, South Korea exported lard oil valued at 0.67m USD, a surge of 54.38% from 2018's total lard oil export of 0.434m USD. The yearly change in value of South Korea lard oil between 2017 to 2018 was 127.225 per cent.
The annual/yearly change in the volume of South Korea's lard oil exports between 2017 and 2019 was 241.4 percent in comparison to a variation of 56.838% in the period between 2018 and 2019.
South Korea's share of the world's total lard oil's exports in 2019 was less than 1%. South Korea holds position 75 in world exports of lard oil.
Export markets for South Korea lard oil ( in '000$ )
South Korea's top destinations for lard oil are US and Japan.
Import/Export Trends
South Korea is a net exporter of lard oil. The annual growth of South Korea lard oil in value between 2015 to 2019 was -44%, per annum, while annual growth in quantity through the same period was -26%, per annum.
South Korea brought in 381 tonnes of lard oil in 2019.