What is the price of castor oil per kilogram/pound in South Korea today?
The retail price range for South Korea castor oil is between US$ 4.30 and US$ 7.01 per kilogram or between US$ 1.95 and US$ 3.18 per pound(lb). Click here to see today's exact prices of castor oil in South Korea
The retail price range in South Korean won for castor oil is between KRW 5,739.91 and KRW 9,351.53 per kilogram or between KRW 2,603.13 and KRW 4,241.06 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea castor oil is between US$ 3.01 and US$ 4.91 per kilogram or between US$ 1.37 and US$ 2.23 per pound(lb).
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South Korea Castor Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Castor Oil from South Korea over the last five years has seen a significant decrease. In 2012, the price was 4.08 US dollars per kg, but by 2021, it had dropped to 2.50 US dollars per kg. The lowest price was recorded in 2019, when it was 1.87 US dollars per kg. In 2020, the price rose to 2.72 US dollars per kg, and in 2021, it was 2.50 US dollars per kg. The most recent price, in 2022, was 2.80 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Castor Oil from South Korea in 2023 will be 2.68 US dollars per kg, and in 2024, it will be 2.56 US dollars per kg.The South Korea castor oil exports are classified as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
South Korea Castor Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Castor Oil into South Korea over the last five years has been quite volatile. In 2016, the price was at its highest at $3.47 per kg, before dropping to $1.63 in 2015. The price then rose again to $3.17 in 2017, before dropping to its lowest point of $1.87 in 2019. In 2020, the price rose to $2.72 per kg, before dropping slightly to $2.50 in 2021. The most recent data shows that the price has risen again to $2.80 per kg in 2022. Based on the data, it is likely that the price of Castor Oil into South Korea will remain relatively stable in the next two years. We predict that the price will remain at around $2.80 per kg in 2023, before rising slightly to $2.90 per kg in 2024.Export values for South Korea castor oil
The total values in export for castor oil in South Korea were US$ 104, US$ 171, US$ 105 and US$ 1,042 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 castor oil in other countries across Asia: Kazakhstan castor oil, Kyrgyzstan castor oil, Tajikistan castor oil, Turkmenistan castor oil, Uzbekistan castor oil, China castor oil, Hong Kong castor oil, Macao castor oil, North Korea castor oil & Mongolia castor oil.
South Korea castor oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of castor oil exported by South Korea in 2020 was 54 tons. In 2019 South Korea sold 558 tonnes of castor oil. For the year 2019 alone, the demand for South Korea castor oil (processed category) has surged, changing by 1541.176 percent compared to the year 2018. Between 2017 and 2019, castor oil's exports increased by 933.33 pc netting the exporter US$1.04m for the year 2019. South Korea's castor oil exports are categorised as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
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South Korea castor oil export values
In 2019, South Korea supplied castor oil costing 1.04m USD, a surge of 890.48% from 2018's total castor oil export of 0.105m USD. The yearly growth in value of South Korea castor oil between 2017 to 2018 was -38.596%.
The annual change in the quantity of South Korea's castor oil exports between 2017 and 2019 was 933.33 percent in comparison to a variation of 1541.176% in the period between 2018 and 2019.
Export markets for South Korea castor oil ( in '000$ )
South Korea's best performing destinations for castor oil are China, Vietnam, Japan, India and Thailand.
South Korea imported 9,904 tonnes of castor oil in 2019.