What is the price of linseed oil per kilogram/pound in South Korea today?
The retail price range for South Korea linseed oil is between US$ 4.44 and US$ 5.73 per kilogram or between US$ 2.02 and US$ 2.60 per pound(lb). Click here to see today's exact prices of linseed oil in South Korea
The retail price range in South Korean won for linseed oil is between KRW 5,926.64 and KRW 7,640.21 per kilogram or between KRW 2,687.82 and KRW 3,464.95 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea linseed oil is between US$ 3.11 and US$ 4.01 per kilogram or between US$ 1.41 and US$ 1.82 per pound(lb).
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South Korea Linseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed Oil from South Korea has seen a significant fluctuation over the last five years. In 2017, the price was 5.83 US $ per kg, followed by a sharp increase to 18.83 US $ per kg in 2015. This was followed by a decrease to 12.71 US $ per kg in 2016 and then a further decrease to 3.29 US $ per kg in 2018. The price then increased to 6.38 US $ per kg in 2019 and 7.12 US $ per kg in 2020. The latest data shows that the price has decreased to 6.43 US $ per kg in 2021. Based on the current trend, it is predicted that the export price per kilogram of Linseed Oil from South Korea will be 4.92 US $ per kg in 2022 and 4.41 US $ per kg in 2023.The South Korea linseed oil exports are classified as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
South Korea Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into South Korea over the last five years has been quite volatile. In 2016, the price was 12.71 US dollars per kg, which was the highest in the last five years. This was followed by a sharp decline in 2017 to 5.83 US dollars per kg. In 2018, the price further dropped to 3.29 US dollars per kg. However, in 2019, the price rose to 6.38 US dollars per kg and further increased to 7.12 US dollars per kg in 2020. The price has been relatively stable in 2021 and 2022, with 6.43 US dollars per kg and 4.92 US dollars per kg respectively. Based on this trend, it is likely that the import price per kilogram of Linseed Oil into South Korea in 2023 will be around 5.50 US dollars per kg and in 2024, it will be around 4.50 US dollars per kg.Export values for South Korea linseed oil
The total values in export for linseed oil in South Korea were US$ 89, US$ 35, US$ 69 and US$ 51 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 linseed oil in other countries across Asia: Kazakhstan linseed oil, Kyrgyzstan linseed oil, Tajikistan linseed oil, Turkmenistan linseed oil, Uzbekistan linseed oil, China linseed oil, Hong Kong linseed oil, Macao linseed oil, North Korea linseed oil & Mongolia linseed oil.
South Korea linseed oil - Production, Exports, Imports, Seasons and HS Codes
The amount of linseed oil exported by South Korea in 2020 was 8 metric tons. In 2019 South Korea shipped 8 tonnes of linseed oil. Across 2019 alone, the demand for South Korea linseed oil (processed category) has shrunk, changing by -61.905 pc compared to the year 2018. Between 2017 and 2019, linseed oil's exports grew by 33.33 pc netting the nation US$0.05m for the year 2019. South Korea's linseed oil exports are categorised as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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South Korea linseed oil export values
In 2019, South Korea sold linseed oil valued at 0.05m USD, a drop of -27.54% from 2018's total linseed oil export of 0.069m USD. The annual reduction in value of South Korea linseed oil between 2017 to 2018 was 97.143%.
The annual change in the quantity of South Korea's linseed oil exports between 2017 and 2019 was 33.33% compared to a variation of -61.905% in the period between 2018 and 2019.
South Korea's portion of the world's total linseed oil's exports in 2019 was less than 1%. South Korea is ranked number 35 in world exports of linseed oil.
Export markets for South Korea linseed oil ( in '000$ )
South Korea's leading export markets for linseed oil are the Netherlands, Hong Kong, Spain, Nigeria and Egypt.
Import/Export Trends
South Korea is a net exporter of linseed oil. The annual growth of South Korea linseed oil in value between 2015 to 2019 was 135%, per year, while annual growth in quantity during the same period was %, per annum.
South Korea bought 4,352 tonnes of linseed oil in 2019.