What is the price of margarine per kilogram/pound in South Korea today?
The retail price range for South Korea margarine is between US$ 3.17 and US$ 3.93 per kilogram or between US$ 1.44 and US$ 1.78 per pound(lb). Click here to see today's exact prices of margarine in South Korea
The retail price range in South Korean won for margarine is between KRW 4,225.64 and KRW 5,239.27 per kilogram or between KRW 1,916.39 and KRW 2,376.09 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea margarine is between US$ 2.22 and US$ 2.75 per kilogram or between US$ 1.01 and US$ 1.25 per pound(lb).
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South Korea Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from South Korea over the last five years has seen a steady decline. In 2017, the export price was 2.09 US $ per kg, which dropped to 1.91 US $ per kg in 2018. This downward trend continued in 2019, with the export price dropping to 1.66 US $ per kg. In 2020, the export price rose slightly to 2.10 US $ per kg, before increasing again to 2.23 US $ per kg in 2021. The latest data shows that the export price for Margarine from South Korea is 2.92 US $ per kg in 2022. Based on this trend, it is predicted that the export price for Margarine from South Korea in 2023 will be 2.75 US $ per kg and in 2024 will be 2.58 US $ per kg.The margarine exports from South Korea are classified as:
- Margarine (excluding liquid) (HS code 151710)
South Korea Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into South Korea over the last five years has seen a steady decline. In 2012, the price was 2.75 US dollars per kg, and by 2016, it had dropped to 1.97 US dollars per kg. In 2017, the price rose slightly to 2.09 US dollars per kg, before dropping again to 1.91 US dollars per kg in 2018. The lowest price was recorded in 2019, when the import price was 1.66 US dollars per kg. In 2020, the price rose to 2.1 US dollars per kg, before increasing further to 2.23 US dollars per kg in 2021. The latest data shows that the import price per kilogram of Margarine into South Korea is 2.92 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Margarine into South Korea will be 3.05 US dollars per kg in 2023 and 3.18 US dollars per kg in 2024.Export values for South Korea margarine
The total values in export for margarine in South Korea were US$ 146, US$ 180, US$ 356 and US$ 416 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 margarine in other countries across Asia: Kazakhstan margarine, Kyrgyzstan margarine, Tajikistan margarine, Turkmenistan margarine, Uzbekistan margarine, China margarine, Hong Kong margarine, Macao margarine, North Korea margarine & Mongolia margarine.
South Korea margarine - Production, Exports, Imports, Seasons and HS Codes
The quantity of margarine sold by South Korea in 2020 was 134 tons. In 2019 South Korea exported 250 tonnes of margarine. For the year 2019 alone, the demand for South Korea margarine (processed category) has increased, flactuating by 34.409 per cent compared to the year 2018. Between 2017 and 2019, margarine's exports grew by 190.7 percent netting the nation US$0.42m for the year 2019. South Korea's margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
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South Korea margarine export values
In 2019, South Korea exported margarine with a value of 0.42m USD, a growth of 17.98% from 2018's total margarine export of 0.356m USD. The annual increase in value of South Korea margarine between 2017 to 2018 was 97.778%.
The annual/yearly variation in the volume of South Korea's margarine exports between 2017 and 2019 was 190.7 percent in comparison to a variation of 34.409% in the period between 2018 and 2019.
South Korea's stake of the world's total margarine's exports in 2019 was less than 1%. The country holds number 41 in world exports of margarine.
Export markets for South Korea margarine ( in '000$ )
South Korea's leading export markets for margarine are China, Russia, the Philippines, Vietnam and Singapore.
Import/Export Trends
South Korea is a net exporter of margarine. The annual growth of South Korea margarine in value between 2015 to 2019 was -6%, per annum, while annual growth in quantity through the same period was -6%, per annum.
South Korea bought 6,103 tonnes of margarine in 2019.