What is the price of lactose per kilogram/pound in South Korea today?
The retail price range for South Korea lactose is between US$ 2.87 and US$ 5.27 per kilogram or between US$ 1.30 and US$ 2.39 per pound(lb). Click here to see today's exact prices of lactose in South Korea
The retail price range in South Korean won for lactose is between KRW 3,833.20 and KRW 7,027.53 per kilogram or between KRW 1,738.41 and KRW 3,187.09 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea lactose is between US$ 2.01 and US$ 3.69 per kilogram or between US$ 0.91 and US$ 1.67 per pound(lb).
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South Korea Lactose Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lactose from South Korea over the last five years has been quite varied. In 2017, the price was 6.00 US dollars per kilogram, followed by a sharp increase to 8.00 US dollars per kilogram in 2018. However, the price dropped significantly in 2020 to 1.75 US dollars per kilogram and further decreased to 1.32 US dollars per kilogram in 2021. The most recent data shows that the price has increased slightly to 1.60 US dollars per kilogram in 2022. Based on this trend, it is likely that the export price per kilogram of Lactose from South Korea will remain around 1.60 US dollars per kilogram in 2023 and 2024.The exports of lactose from South Korea are classified as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
South Korea Lactose Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lactose into South Korea has seen a fluctuating trend over the last five years. In 2016, the price was 6.27 US dollars per kg, followed by a slight decrease to 6.00 US dollars per kg in 2017. In 2018, the price increased to 8.00 US dollars per kg, before dropping to 5.62 US dollars per kg in 2019. The price then saw a significant decrease to 1.75 US dollars per kg in 2020, and further decreased to 1.32 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of Lactose into South Korea is 1.60 US dollars per kg in 2022. Based on the current trend, it is predicted that the import price per kilogram of Lactose into South Korea will remain relatively stable in 2023, at around 1.60 US dollars per kg. In 2024, it is expected that the price will increase slightly, to around 1.75 US dollars per kg.Export values for South Korea lactose
The total values in export for lactose in South Korea were US$ 69, US$ 6, US$ 8 and US$ 298 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 lactose in other countries across Asia: Kazakhstan lactose, Kyrgyzstan lactose, Tajikistan lactose, Turkmenistan lactose, Uzbekistan lactose, China lactose, Hong Kong lactose, Macao lactose, North Korea lactose & Mongolia lactose.
South Korea lactose - Production, Exports, Imports, Seasons and HS Codes
The quantity of lactose shipped by South Korea in 2020 was 20 metric tonnes. In 2019 South Korea shipped 53 tonnes of lactose. Across 2019 alone, the demand for South Korea lactose (processed category) has gone up, recording a change of 5200 pc compared to the year 2018. Between 2017 and 2019, lactose's exports increased by 5200 pc bringing the nation US$0.30m for the year 2019. South Korea's lactose exports are classified as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
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South Korea lactose export values
In 2019, South Korea sold lactose valued at 0.30m USD, a surge of 3,650.00% from 2018's total lactose export of 0.008m USD. The annual increase in value of South Korea lactose between 2017 to 2018 was 33.333 pc.
The annual change in the volume of South Korea's lactose exports between 2017 and 2019 was 5200 percent when compared to a variation of 5200% in the growth rate between 2018 and 2019.
South Korea's share of the world's total lactose's exports in 2019 was less than 1%. South Korea is ranked position 42 in world exports of lactose.
Export markets for South Korea lactose ( in '000$ )
South Korea's top export markets for lactose are Vietnam, China, Indonesia, Japan and Iran.
Import/Export Trends
South Korea is a net importer of lactose. The annual growth of South Korea lactose in value between 2015 to 2019 was 395%, per annum, while annual growth in quantity through the same period was 139%, per annum.
South Korea ordered 23,649 tonnes of lactose in 2019.