What is the price of natural rubber per kilogram/pound in South Korea today?
The retail price range for South Korea natural rubber is between US$ 1.75 and US$ 2.42 per kilogram or between US$ 0.79 and US$ 1.10 per pound(lb). Click here to see today's exact prices of natural rubber in South Korea
The retail price range in South Korean won for natural rubber is between KRW 2,334.04 and KRW 3,230.73 per kilogram or between KRW 1,058.52 and KRW 1,465.19 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea natural rubber is between US$ 1.23 and US$ 1.70 per kilogram or between US$ 0.56 and US$ 0.77 per pound(lb).
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South Korea Natural Rubber Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Rubber from South Korea over the last five years has been relatively stable. In 2017, the price was 1.75 US$ per kg, followed by 1.83 US$ per kg in 2018. In 2019, the price increased to 1.92 US$ per kg, before dropping to 1.68 US$ per kg in 2020. 2021 saw a slight increase to 2.05 US$ per kg, and in 2022 the price rose to 2.45 US$ per kg. Based on this data, it is predicted that the export price per kilogram of Natural Rubber from South Korea in 2023 will be around 2.60 US$ per kg, and in 2024 it will be around 2.75 US$ per kg.The exports of natural rubber from South Korea are categorised as:
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
- Smoked sheets of natural rubber (HS code 400121)
- Technically specified natural rubber "TSNR" (HS code 400122)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
South Korea Natural Rubber Import Prices - Historical, Trends and Prediction
The import price of Natural Rubber into South Korea has seen a steady decline over the past five years. In 2012, the price per kilogram was 3.82 US dollars, but by 2021, it had dropped to 2.05 US dollars. This represents a decrease of 46.2%. The lowest price was recorded in 2015, when the price per kilogram was 1.77 US dollars. Since then, the price has been gradually increasing, reaching 1.92 US dollars in 2019. However, in 2020, the price dropped again to 1.68 US dollars. The most recent data shows that the price has increased to 2.45 US dollars in 2022. Based on the data, it is likely that the price of Natural Rubber into South Korea will continue to increase in the next two years. We predict that the price per kilogram in 2023 will be around 2.60 US dollars, and in 2024, it will be around 2.75 US dollars.Export values for South Korea natural rubber
The total values in export for natural rubber in South Korea were US$ 2,156, US$ 4,455, US$ 2,701 and US$ 2,761 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 natural rubber in other countries across Asia: Kazakhstan natural rubber, Kyrgyzstan natural rubber, Tajikistan natural rubber, Turkmenistan natural rubber, Uzbekistan natural rubber, China natural rubber, Hong Kong natural rubber, Macao natural rubber, North Korea natural rubber & Mongolia natural rubber.
South Korea natural rubber - Production, Exports, Imports, Seasons and HS Codes
The amount of natural rubber shipped by South Korea in 2020 was 1,917 tons. In 2019 South Korea shipped 1,438 tonnes of natural rubber. For 2019 alone, the market for South Korea natural rubber (processed category) has shrunk, changing by -2.706 per cent compared to the year 2018. Between 2017 and 2019, natural rubber's exports went down by -43.65% bringing the exporter US$2.76m for the year 2019. South Korea's natural rubber exports are classified as:
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
- Smoked sheets of natural rubber (HS code 400121)
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Technically specified natural rubber "TSNR" (HS code 400122)
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South Korea natural rubber export values
In 2019, South Korea shipped natural rubber costing 2.76m USD, a surge of 2.18% from 2018's total natural rubber export of 2.701m USD. The yearly increase in value of South Korea natural rubber between 2017 to 2018 was -39.371 pc.
The yearly variation in the amount of South Korea's natural rubber exports between 2017 and 2019 was -43.65 per cent in comparison to a variation of -2.706% in the period between 2018 and 2019.
South Korea's stake of the world's total natural rubber's exports in 2019 was less than 1%. The country holds number 9 in world exports of natural rubber.
Export markets for South Korea natural rubber ( in '000$ )
South Korea's best performing destinations for natural rubber are Hungary, US, Mongolia, China and Vietnam.
Import/Export Trends
South Korea is a net importer of natural rubber. The annual growth of South Korea natural rubber in value between 2015 to 2019 was -19%, per year, while annual growth in quantity during the same period was -16%, per annum.
South Korea purchased 365,346 tonnes of natural rubber in 2019.