What is the price of pepper per kilogram/pound in South Korea today?
The retail price range for South Korea pepper is between US$ 4.50 and US$ 5.33 per kilogram or between US$ 2.04 and US$ 2.42 per pound(lb). Click here to see today's exact prices of pepper in South Korea
The retail price range in South Korean won for pepper is between KRW 5,993.49 and KRW 7,100.99 per kilogram or between KRW 2,718.14 and KRW 3,220.40 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea pepper is between US$ 3.15 and US$ 3.73 per kilogram or between US$ 1.43 and US$ 1.69 per pound(lb).
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South Korea Pepper Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pepper from South Korea over the last five years has been quite volatile. In 2017, the price was 7.57 US$/kg, followed by a slight decrease to 7.44 US$/kg in 2018. In 2019, the price rose to 8.49 US$/kg, before dropping to 6.67 US$/kg in 2020. 2021 saw a significant increase to 10.59 US$/kg, and the price further increased to 12.04 US$/kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Pepper from South Korea in 2023 will be around 13.47 US$/kg and in 2024 it will be around 14.90 US$/kg.The exports of pepper from South Korea are classified as:
- Pepper of the genus Piper, neither crushed nor ground (HS code 090411)
- Pepper of the genus Piper, crushed or ground (HS code 090412)
- Pepper (Capsicum or Pimenta), dried, crushed or ground (HS code 0904XX)
South Korea Pepper Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pepper into South Korea over the last five years has been relatively stable. In 2017, the price was 7.57 US dollars per kg, followed by 7.44 US dollars per kg in 2018. In 2019, the price increased to 8.49 US dollars per kg, before dropping to 6.67 US dollars per kg in 2020. The price then rose again in 2021 to 10.59 US dollars per kg, before reaching its highest point of 12.04 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Pepper into South Korea will continue to increase in 2023 and 2024, with an estimated price of 13.17 US dollars per kg and 14.30 US dollars per kg respectively.Export values for South Korea pepper
The total values in export for pepper in South Korea were US$ 290, US$ 651, US$ 707 and US$ 654 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in South Korea: Garlic, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of pepper in other countries across Asia: Kazakhstan pepper, Kyrgyzstan pepper, Tajikistan pepper, Turkmenistan pepper, Uzbekistan pepper, China pepper, Hong Kong pepper, Macao pepper, North Korea pepper & Mongolia pepper.
South Korea pepper - Production, Exports, Imports, Seasons and HS Codes
The quantity of pepper sold by South Korea in 2020 was 146 metric tons. In 2019 South Korea exported 77 tonnes of pepper. For 2019 alone, the interest in South Korea pepper (herbs and spices category) has gone down, with a change of -18.947 % compared to the year 2018. Between 2017 and 2019, pepper's exports decreased by -10.47% bringing the country US$0.65m for the year 2019. South Korea's pepper exports are categorised as:
- Pepper of the genus Piper, neither crushed nor ground (HS code 090411)
- Pepper of the genus Piper, crushed or ground (HS code 090412)
- Pepper (Capsicum or Pimenta), dried, crushed or ground (HS code 0904XX)
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South Korea pepper export values
In 2019, South Korea supplied pepper costing 0.65m USD, a contraction of -8.06% from 2018's total pepper export of 0.707m USD. The annual reduction in value of South Korea pepper between 2017 to 2018 was 8.602%.
The annual variation in the amount of South Korea's pepper exports between 2017 and 2019 was -10.47 per cent compared to a variation of -18.947% in the period between 2018 and 2019.
South Korea's portion of the world's total pepper's exports in 2019 was 15.6%. The country is ranked number 2 in world exports of pepper.
Export markets for South Korea pepper ( in '000$ )
South Korea's best performing destinations for pepper are the Netherlands, Austria, Czech Republic, France and US.
Import/Export Trends
South Korea is a net exporter of pepper. The annual growth of South Korea pepper in value between 2015 to 2019 was -1%, per annum, while annual growth in quantity through the same period was 1%, per annum.
South Korea brought in 6,567 tonnes of pepper in 2019.
Production
The production of pepper in South Korea was 815,517 tonnes in 2019 and is projected to change by an average of 2.48%. The country had approximately 100,014.00 hectares under pepper cultivation.