What is the price of vanilla per kilogram/pound in South Korea today?
The retail price range for South Korea vanilla is between US$ 10.93 and US$ 15.21 per kilogram or between US$ 4.96 and US$ 6.90 per pound(lb). Click here to see today's exact prices of vanilla in South Korea
The retail price range in South Korean won for vanilla is between KRW 14,575.87 and KRW 20,279.47 per kilogram or between KRW 6,610.37 and KRW 9,197.04 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea vanilla is between US$ 7.65 and US$ 10.65 per kilogram or between US$ 3.47 and US$ 4.83 per pound(lb).
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South Korea Vanilla Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vanilla from South Korea has seen a significant fluctuation over the last five years. In 2016, the price was 9.00 US$ per kg, which then rose to a peak of 120.00 US$ per kg in 2017. This was followed by a sharp decline to 51.00 US$ per kg in 2018. The price then increased to 78.00 US$ per kg in 2019, before dropping back to 9.00 US$ per kg in 2020 and 2021. The most recent data point shows that the price has risen to 16.00 US$ per kg in 2022. Based on this trend, it is likely that the export price per kilogram of Vanilla from South Korea will remain around 16.00 US$ per kg in 2023 and 2024.The vanilla exports from South Korea are categorised as:
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla, crushed or ground (HS code 090520)
South Korea Vanilla Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vanilla into South Korea over the last five years has been quite varied. In 2016, the price was 9.00 US dollars per kg. This increased significantly in 2017 to 120.00 US dollars per kg. The price then dropped to 51.00 US dollars per kg in 2018, before rising again to 78.00 US dollars per kg in 2019. The price then dropped back to 9.00 US dollars per kg in 2020 and 2021. The most recent data shows that the price has increased to 16.00 US dollars per kg in 2022. Based on this data, it is likely that the import price per kilogram of Vanilla into South Korea will remain relatively stable in the next two years. We predict that the price will be around 16.00 US dollars per kg in 2023 and 2024.Export values for South Korea vanilla
The total values in export for vanilla in South Korea were US$ 9, US$ 120, US$ 51 and US$ 78 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in South Korea: Garlic, Pepper, Capsicum (Bell Pepper), Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of vanilla in other countries across Asia: Kazakhstan vanilla, Kyrgyzstan vanilla, Tajikistan vanilla, Turkmenistan vanilla, Uzbekistan vanilla, China vanilla, Hong Kong vanilla, Macao vanilla, North Korea vanilla & Mongolia vanilla.
South Korea vanilla - Production, Exports, Imports, Seasons and HS Codes
The quantity of vanilla exported by South Korea in 2020 was 3 tons. In 2019 South Korea exported 1 tonnes of vanilla. Through 2019 alone, the market for South Korea vanilla (herbs and spices category) has remained constant, changing by 0 pc compared to the year 2018. Between 2017 and 2019, vanilla's exports remained stable at 0% bringing the exporter US$0.08m for the year 2019. South Korea's vanilla exports are categorised as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
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South Korea vanilla export values
In 2019, South Korea supplied vanilla worth 0.08m USD, a surge of 56.86% from 2018's total vanilla export of 0.051m USD. The yearly increase in value of South Korea vanilla between 2017 to 2018 was -57.5 per cent.
The annual/yearly variation in the amount of South Korea's vanilla exports between 2017 and 2019 was 0 percent when compared to a variation of 0% in the growth rate between 2018 and 2019.
South Korea's stake of the world's total vanilla's exports in 2019 was 2.7 percent. South Korea holds number 7 in world exports of vanilla.
Export markets for South Korea vanilla ( in '000$ )
South Korea's top destinations for vanilla are Singapore and Vietnam.
Import/Export Trends
South Korea is a net importer of vanilla. The annual growth of South Korea vanilla in value between 2015 to 2019 was 7%, per annum, while annual growth in quantity was 4%, per annum.
South Korea bought 12 tonnes of vanilla in 2019.