What is the price of cottonseed oil per kilogram/pound in South Korea today?
The retail price range for South Korea cottonseed oil is between US$ 2.27 and US$ 3.57 per kilogram or between US$ 1.03 and US$ 1.62 per pound(lb). Click here to see today's exact prices of cottonseed oil in South Korea
The retail price range in South Korean won for cottonseed oil is between KRW 3,031.47 and KRW 4,756.27 per kilogram or between KRW 1,374.81 and KRW 2,157.04 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea cottonseed oil is between US$ 1.59 and US$ 2.50 per kilogram or between US$ 0.72 and US$ 1.13 per pound(lb).
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South Korea Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of cottonseed oil from South Korea has seen a steady increase over the last five years. In 2017, the price was 1.65 US $ per kg, and in 2021 it was 6.14 US $ per kg. The highest price was in 2021, when it reached 6.14 US $ per kg. The lowest price was in 2012, when it was 1.46 US $ per kg. In 2020, the price was 3.79 US $ per kg, and in 2019 it was 3.15 US $ per kg. The price in 2022 was 4.96 US $ per kg. Based on this trend, it is predicted that the price in 2023 will be around 5.50 US $ per kg, and in 2024 it will be around 6.50 US $ per kg.The exports of cottonseed oil from South Korea are classified as:
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
South Korea Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into South Korea has been quite volatile over the past five years. In 2017, the price was 1.65 US dollars per kg, followed by a sharp increase to 5.00 US dollars per kg in 2018. This was followed by a slight decrease to 3.15 US dollars per kg in 2019, before rising again to 3.79 US dollars per kg in 2020. The price then rose to 6.14 US dollars per kg in 2021, before dropping to 4.96 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of cottonseed oil into South Korea will continue to fluctuate in the coming years. We predict that the price will increase to around 6.50 US dollars per kg in 2023, followed by a slight decrease to around 5.50 US dollars per kg in 2024.Export values for South Korea cottonseed oil
The total values in export for cottonseed oil in South Korea were US$ 131, US$ 315, US$ 60 and US$ 41 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 cottonseed oil in other countries across Asia: Kazakhstan cottonseed oil, Kyrgyzstan cottonseed oil, Tajikistan cottonseed oil, Turkmenistan cottonseed oil, Uzbekistan cottonseed oil, China cottonseed oil, Hong Kong cottonseed oil, Macao cottonseed oil, North Korea cottonseed oil & Mongolia cottonseed oil.
South Korea cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
The amount of cottonseed oil exported by South Korea in 2020 was 28 tons. In 2019 South Korea exported 13 tonnes of cottonseed oil. For the year 2019 alone, the market for South Korea cottonseed oil (processed category) has increased, with a change of 8.333 percent compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports decreased by -93.19% bringing the nation US$0.04m for the year 2019. South Korea's cottonseed oil exports are categorised as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Crude cotton-seed oil (HS code 151221)
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South Korea cottonseed oil export values
In 2019, South Korea sold cottonseed oil worth 0.04m USD, a contraction of -33.33% from 2018's total cottonseed oil export of 0.06m USD. The yearly reduction in value of South Korea cottonseed oil between 2017 to 2018 was -80.952 per cent.
The yearly variation in the quantity of South Korea's cottonseed oil exports between 2017 and 2019 was -93.19 pc when compared to a variation of 8.333% in the growth rate between 2018 and 2019.
South Korea's share of the world's total cottonseed oil's exports in 2019 was less than 1%. South Korea holds number 59 in world exports of cottonseed oil.
Export markets for South Korea cottonseed oil ( in '000$ )
South Korea's leading export markets for cottonseed oil are the Philippines, China, Malaysia, Mongolia and Togo.
Import/Export Trends
South Korea is a net importer of cottonseed oil. The annual growth of South Korea cottonseed oil in value between 2015 to 2019 was 19%, per year, while annual growth in quantity was 48%, per annum.
South Korea procured 35,424 tonnes of cottonseed oil in 2019.