What is the price of malt extract per kilogram/pound in South Korea today?
The retail price range for South Korea malt extract is between US$ 5.11 and US$ 11.10 per kilogram or between US$ 2.32 and US$ 5.04 per pound(lb). Click here to see today's exact prices of malt extract in South Korea
The retail price range in South Korean won for malt extract is between KRW 6,812.00 and KRW 14,803.00 per kilogram or between KRW 3,089.34 and KRW 6,713.38 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea malt extract is between US$ 3.58 and US$ 7.77 per kilogram or between US$ 1.62 and US$ 3.52 per pound(lb).
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South Korea Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from South Korea has seen a steady decline over the last five years. In 2017, the price was 2.19 US $ per kg, and in 2021 it was 2.53 US $ per kg. This represents a decrease of 0.34 US $ per kg. The lowest price was in 2018, when it was 2.07 US $ per kg. The highest price was in 2020, when it was 2.39 US $ per kg. Based on this data, it is predicted that the export price per kilogram of Malt Extract from South Korea in 2023 will be 2.41 US $ per kg, and in 2024 it will be 2.45 US $ per kg.The South Korea malt extract exports are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
South Korea Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into South Korea has been relatively stable over the past five years. In 2017, the price was 2.19 US dollars per kg, followed by 2.07 US dollars per kg in 2018. In 2019, the price increased to 2.16 US dollars per kg, and then rose further to 2.39 US dollars per kg in 2020. The price then dropped slightly to 2.53 US dollars per kg in 2021, before settling at 2.47 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Malt Extract into South Korea will remain relatively stable in the next two years, with a predicted price of 2.45 US dollars per kg in 2023 and 2.48 US dollars per kg in 2024.Export values for South Korea malt extract
The total values in export for malt extract in South Korea were US$ 34,383, US$ 39,015, US$ 52,616 and US$ 64,046 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 malt extract in other countries across Asia: Kazakhstan malt extract, Kyrgyzstan malt extract, Tajikistan malt extract, Turkmenistan malt extract, Uzbekistan malt extract, China malt extract, Hong Kong malt extract, Macao malt extract, North Korea malt extract & Mongolia malt extract.
South Korea malt extract - Production, Exports, Imports, Seasons and HS Codes
The volume of malt extract sold by South Korea in 2020 was 36,758 metric tonnes. In 2019 South Korea sold 29,682 tonnes of malt extract. Across 2019 alone, the market for South Korea malt extract (processed category) has escalated, recording a change of 16.881 pc compared to the year 2018. Between 2017 and 2019, malt extract's exports went up by 66.99 percent earning the exporter US$64.05m for the year 2019. South Korea's malt extract exports are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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South Korea malt extract export values
In 2019, South Korea shipped malt extract costing 64.05m USD, a growth of 21.73% from 2018's total malt extract export of 52.616m USD. The yearly growth in value of South Korea malt extract between 2017 to 2018 was 34.861 per cent.
The per year variation in the volume of South Korea's malt extract exports between 2017 and 2019 was 66.99 pc when compared to a variation of 16.881% in the growth rate between 2018 and 2019.
South Korea's portion of the world's total malt extract's exports in 2019 was less than 1%. The country holds position 73 in world exports of malt extract.
Export markets for South Korea malt extract ( in '000$ )
South Korea's top destinations for malt extract are Japan, US, Canada, Vietnam and Australia.
South Korea purchased 19,677 tonnes of malt extract in 2019.