What is the price of oleoresins per kilogram/pound in South Korea today?
The retail price range for South Korea oleoresins is between US$ 2.47 and US$ 4.45 per kilogram or between US$ 1.12 and US$ 2.02 per pound(lb). Click here to see today's exact prices of oleoresins in South Korea
The retail price range in South Korean won for oleoresins is between KRW 3,295.33 and KRW 5,931.60 per kilogram or between KRW 1,494.48 and KRW 2,690.07 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea oleoresins is between US$ 1.73 and US$ 3.11 per kilogram or between US$ 0.78 and US$ 1.41 per pound(lb).
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South Korea Oleoresins Export Prices - Historical, Trends and Prediction
The export price per kilogram of Oleoresins from South Korea over the last five years has been quite volatile. In 2017, the price was 21.85 US $ per kg, followed by a sharp increase to 27.82 US $ per kg in 2018. In 2019, the price dropped to 24.94 US $ per kg, before rising again to 33.56 US $ per kg in 2020. The price then decreased to 27.00 US $ per kg in 2021, before reaching its highest point of 40.00 US $ per kg in 2022. Based on this trend, it is likely that the export price per kilogram of Oleoresins from South Korea will be around 37.00 US $ per kg in 2023 and 42.00 US $ per kg in 2024.South Korea Oleoresins Import Prices - Historical, Trends and Prediction
The import price per kilogram of Oleoresins into South Korea has been quite volatile over the past five years. In 2016, the price was 21.91 US dollars per kg, followed by a slight decrease to 21.85 US dollars per kg in 2017. In 2018, the price rose to 27.82 US dollars per kg, before dropping to 24.94 US dollars per kg in 2019. In 2020, the price increased to 33.56 US dollars per kg, before dropping again to 27.00 US dollars per kg in 2021. The most recent data point is 40.00 US dollars per kg in 2022. Based on the data, it appears that the import price per kilogram of Oleoresins into South Korea is likely to remain volatile in the near future. We can predict that the price in 2023 will be around 33.00 US dollars per kg, and in 2024 it will be around 36.00 US dollars per kg.Export values for South Korea oleoresins
The total values in export for oleoresins in South Korea were US$ 4,032, US$ 3,649, US$ 2,699 and US$ 1,272 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 oleoresins in other countries across Asia: Kazakhstan oleoresins, Kyrgyzstan oleoresins, Tajikistan oleoresins, Turkmenistan oleoresins, Uzbekistan oleoresins, China oleoresins, Hong Kong oleoresins, Macao oleoresins, North Korea oleoresins & Mongolia oleoresins.
South Korea oleoresins - Production, Exports, Imports, Seasons and HS Codes
The volume of oleoresins sold by South Korea in 2020 was 9 metric tons. In 2019 South Korea sold 51 tonnes of oleoresins. Through 2019 alone, the market for South Korea oleoresins (processed category) has reduced, flactuating by -47.423 percent compared to the year 2018. Between 2017 and 2019, oleoresins' exports reduced by -69.46% netting the nation US$1.27m for the year 2019. South Korea's oleoresins exports are classified as:
- Extracted oleoresins; concentrates of essential oils in fats, fixed oils, waxes and the like, obtained by enfleurage or maceration; terpenic by-products of the deterpenation of essential oils; aromatic aqueous distillates and aqueous solutions of essential oils (HS code 330190)
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South Korea oleoresins export values
In 2019, South Korea sold oleoresins with a value of 1.27m USD, a reduction of -52.95% from 2018's total oleoresins export of 2.699m USD. The yearly reduction in value of South Korea oleoresins between 2017 to 2018 was -26.035%.
The annual change in the volume of South Korea's oleoresins exports between 2017 and 2019 was -69.46 percent in comparison to a variation of -47.423% in the period between 2018 and 2019.
South Korea's portion of the world's total oleoresins' exports in 2019 was less than 1%. South Korea is ranked position 39 in world exports of oleoresins.
Export markets for South Korea oleoresins ( in '000$ )
Import/Export Trends
South Korea is a net importer of oleoresins. The annual growth of South Korea oleoresins in value between 2015 to 2019 was -31%, per year, while annual growth in quantity during the same period was -24%, per annum.
South Korea purchased 893 tonnes of oleoresins in 2019.