What is the price of oil cake (press cake) per kilogram/pound in South Korea today?
The retail price range for South Korea oil cake (press cake) is between US$ 14.30 and US$ 33.37 per kilogram or between US$ 6.49 and US$ 15.13 per pound(lb). Click here to see today's exact prices of oil cake (press cake) in South Korea
The retail price range in South Korean won for oil cake (press cake) is between KRW 19,066.00 and KRW 44,487.33 per kilogram or between KRW 8,646.71 and KRW 20,175.66 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea oil cake (press cake) is between US$ 10.01 and US$ 23.36 per kilogram or between US$ 4.54 and US$ 10.59 per pound(lb).
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South Korea Oil Cake (press Cake) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Oil cake (Press cake) from South Korea has seen a steady decline over the last five years. In 2012, the export price was 0.61 US $ per kg, and by 2021, it had dropped to 0.51 US $ per kg. The lowest price was recorded in 2020, at 0.40 US $ per kg. However, the export price has seen an increase in 2021, with 0.51 US $ per kg. Looking ahead, it is predicted that the export price will continue to rise, reaching 0.58 US $ per kg in 2022. For 2023 and 2024, it is expected that the export price will remain around 0.58 US $ per kg.South Korea Oil Cake (press Cake) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Oil cake (Press cake) into South Korea has seen a steady decline over the last five years. In 2017, the import price was 0.43 US $ per kg, which dropped to 0.40 US $ per kg in 2020. This represents a decrease of 6.98%. The lowest price was recorded in 2020, while the highest price was recorded in 2012 at 0.61 US $ per kg. Looking ahead, we can predict that the import price of Oil cake (Press cake) into South Korea will remain relatively stable, with a slight increase in 2023 to 0.51 US $ per kg and a further increase to 0.58 US $ per kg in 2024.Export values for South Korea oil cake (press cake)
The total values in export for oil cake (press cake) in South Korea were US$ 37,270, US$ 40,246, US$ 25,780 and US$ 29,464 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 oil cake (press cake) in other countries across Asia: Kazakhstan oil cake (press cake), Kyrgyzstan oil cake (press cake), Tajikistan oil cake (press cake), Turkmenistan oil cake (press cake), Uzbekistan oil cake (press cake), China oil cake (press cake), Hong Kong oil cake (press cake), Macao oil cake (press cake), North Korea oil cake (press cake) & Mongolia oil cake (press cake).
South Korea oil cake (press cake) - Production, Exports, Imports, Seasons and HS Codes
The amount of oil cake (press cake) exported by South Korea in 2020 was 32,889 metric tonnes. In 2019 South Korea shipped 66,831 tonnes of oil cake (press cake). Through 2019 alone, the demand for South Korea oil cake (press cake) (processed category) has increased, flactuating by 27.767 per cent compared to the year 2018. Between 2017 and 2019, oil cake (press cake)'s exports went down by -28.97 percent netting the exporter US$29.46m for the year 2019. South Korea's oil cake (press cake) exports are categorised as:
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of palm nuts or kernels (HS code 230660)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of high erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g" (HS code 230649)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of coconut or copra (HS code 230650)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils (excluding of cotton seeds, linseed, sunflower seeds, rape or colza seeds, coconut or copra, palm nuts or kernels, or from the extraction of soya-bean oil or groundnut oil) (HS code 230690)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil (HS code 230400)
- Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of rape or colza seeds (HS code 230640)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of linseed (HS code 230620)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of groundnut oil (HS code 230500)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 230641)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of cotton seeds (HS code 230610)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of sunflower seeds (HS code 230630)
- Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils from maize "corn" germ (HS code 230670)
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South Korea oil cake (press cake) export values
In 2019, South Korea exported oil cake (press cake) worth 29.46m USD, an increment of 14.27% from 2018's total oil cake (press cake) export of 25.78m USD. The annual growth in value of South Korea oil cake (press cake) between 2017 to 2018 was -35.944%.
The yearly change in the amount of South Korea's oil cake (press cake) exports between 2017 and 2019 was -28.97 per cent in comparison to a variation of 27.767% in the period between 2018 and 2019.
Export markets for South Korea oil cake (press cake) ( in '000$ )
South Korea ordered 3,774,182 tonnes of oil cake (press cake) in 2019.