What is the price of nutmeg per kilogram/pound in South Korea today?
The retail price range for South Korea nutmeg is between US$ 13.34 and US$ 22.40 per kilogram or between US$ 6.05 and US$ 10.16 per pound(lb). Click here to see today's exact prices of nutmeg in South Korea
The retail price range in South Korean won for nutmeg is between KRW 17,791.20 and KRW 29,863.80 per kilogram or between KRW 8,068.57 and KRW 13,543.67 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea nutmeg is between US$ 9.34 and US$ 15.68 per kilogram or between US$ 4.24 and US$ 7.11 per pound(lb).
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South Korea Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from South Korea over the last five years has been quite volatile. In 2013, the price per kilogram was 10.00 US dollars, but this dropped to 7.33 US dollars in 2014. The price then rose to 12.14 US dollars in 2015, before dropping again to 8.43 US dollars in 2016. In 2017 and 2018, the price remained relatively stable at 8.47 and 8.50 US dollars respectively. The most recent data shows that the price has dropped to 8.33 US dollars in 2021. Based on this data, it is likely that the export price of Nutmeg from South Korea will remain around 8.33 US dollars in 2023 and 2024.The exports of nutmeg from South Korea are categorised as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
South Korea Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into South Korea has been relatively stable over the last five years. In 2013, the price per kilogram was 10.00 US dollars, which dropped to 7.33 US dollars in 2014. The price then increased to 12.14 US dollars in 2015, before dropping to 8.43 US dollars in 2016. The price then remained steady at 8.47 US dollars in 2017 and 8.50 US dollars in 2018. The most recent data shows that the price has dropped slightly to 8.33 US dollars in 2021. Based on this data, it is likely that the import price of Nutmeg into South Korea will remain relatively stable in the next few years. We can predict that the price in 2023 will be around 8.33 US dollars, and the price in 2024 will be around 8.30 US dollars.Export values for South Korea nutmeg
The total values in export for nutmeg in South Korea were US$ 59, US$ 144 and US$ 85 in US dollar thousand for the years 2016, 2017 and 2018 in that order.
Prices of other produce in the Herbs and Spices category in South Korea: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across Asia: Kazakhstan nutmeg, Kyrgyzstan nutmeg, Tajikistan nutmeg, Turkmenistan nutmeg, Uzbekistan nutmeg, China nutmeg, Hong Kong nutmeg, Macao nutmeg, North Korea nutmeg & Mongolia nutmeg.
South Korea nutmeg - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Korea sold 0 tonnes of nutmeg. Through 2019 alone, the interest in South Korea nutmeg (herbs and spices category) has , with a change of % compared to the year 2018. Between 2017 and 2019, nutmeg's exports went down by -100% bringing the nation US$0.00m for the year 2019. South Korea's nutmeg exports are classified as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 090810)
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South Korea nutmeg export values
In 2019, South Korea supplied nutmeg worth 0.00m USD, a reduction of -100.00% from 2018's total nutmeg export of 0.085m USD. The annual reduction in value of South Korea nutmeg between 2017 to 2018 was -40.972 pc.
The annual variation in the amount of South Korea's nutmeg exports between 2017 and 2019 was -100 percent between 2018 and 2019.
Export markets for South Korea nutmeg ( in '000$ )
South Korea's best performing destinations for nutmeg are India, Vietnam, Singapore and Malaysia.
South Korea brought in 110 tonnes of nutmeg in 2019.