What is the price of essential oils per kilogram/pound in South Korea today?
The retail price range for South Korea essential oils is between US$ 8.31 and US$ 24.44 per kilogram or between US$ 3.77 and US$ 11.08 per pound(lb). Click here to see today's exact prices of essential oils in South Korea
The retail price range in South Korean won for essential oils is between KRW 11,079.47 and KRW 32,586.67 per kilogram or between KRW 5,024.70 and KRW 14,778.53 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea essential oils is between US$ 5.82 and US$ 17.11 per kilogram or between US$ 2.64 and US$ 7.76 per pound(lb).
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South Korea Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from South Korea has seen a significant increase over the last five years. In 2017, the price was 22.50 US $ per kg, and by 2021 it had risen to 49.15 US $ per kg. The highest price was recorded in 2022, at 114.09 US $ per kg. This represents an increase of over 400% from the price in 2012, which was 12.04 US $ per kg. Looking ahead, it is likely that the export price of Essential Oils from South Korea will continue to rise, with an estimated price of around 120 US $ per kg for 2023 and 2024.The essential oils exports from South Korea are categorised as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
South Korea Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into South Korea over the last five years has been quite varied. In 2017, the price was 22.50 US dollars per kg, followed by a significant increase to 105.61 US dollars per kg in 2018. This was followed by a decrease to 79.96 US dollars per kg in 2019 and a further decrease to 78.09 US dollars per kg in 2020. The price then increased to 49.15 US dollars per kg in 2021 and further increased to 114.09 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Essential Oils into South Korea in 2023 will be around 135.00 US dollars per kg and in 2024 will be around 156.00 US dollars per kg.Export values for South Korea essential oils
The total values in export for essential oils in South Korea were US$ 580, US$ 495, US$ 1,901 and US$ 2,159 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 essential oils in other countries across Asia: Kazakhstan essential oils, Kyrgyzstan essential oils, Tajikistan essential oils, Turkmenistan essential oils, Uzbekistan essential oils, China essential oils, Hong Kong essential oils, Macao essential oils, North Korea essential oils & Mongolia essential oils.
South Korea essential oils - Production, Exports, Imports, Seasons and HS Codes
The volume of essential oils exported by South Korea in 2020 was 34 tons. In 2019 South Korea shipped 27 tonnes of essential oils. Across 2019 alone, the market for South Korea essential oils (processed category) has surged, changing by 50 % compared to the year 2018. Between 2017 and 2019, essential oils' exports grew by 22.73 percent earning the country US$2.16m for the year 2019. South Korea's essential oils exports are classified as:
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
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South Korea essential oils export values
In 2019, South Korea supplied essential oils worth 2.16m USD, an increment of 13.62% from 2018's total essential oils export of 1.901m USD. The yearly increase in value of South Korea essential oils between 2017 to 2018 was 284.04 per cent.
The annual change in the volume of South Korea's essential oils exports between 2017 and 2019 was 22.73 percent in comparison to a variation of 50% in the period between 2018 and 2019.
South Korea's stake of the world's total essential oils' exports in 2019 was 5.9 per cent. South Korea is ranked number 4 in world exports of essential oils.
Export markets for South Korea essential oils ( in '000$ )
South Korea's leading export markets for essential oils are China, US, Singapore, Vietnam and United Kingdom (UK).
Import/Export Trends
South Korea is a net exporter of essential oils. The annual growth of South Korea essential oils in value between 2015 to 2019 was 1%, per annum, while annual growth in quantity was 9%, per annum.
South Korea procured 320 tonnes of essential oils in 2019.