Price for Dried Licorice Root in South Korea

Get price analysis and market insights for South Korea Dried Licorice Root with Tridge.

Wholesale prices of Dried Licorice Root in South Korea

Recent wholesale prices

Over the past 4 weeks, the wholesale price of South Korea Dried Licorice Root has typically been between $6.39 and $6.45 USD per kg, or $2.90 to $2.92 USD per pound (lb).

These prices are based on reports from regions such as Bupyeong-gu, Changwon-si

Period Period	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
Past 4 weeks	$6.39/kg	$2.90/lb	$6.45/kg	$2.92/lb

Historical wholesale price trends

The wholesale price of South Korea Dried Licorice Root has followed a downward trend over the past two years, influenced by evolving market conditions. In 2023, wholesale prices varied between $6.91 USD per kg and $9.74 USD per kg. However, by 2024, wholesale prices declined to a new range of $5.45 to $9.41 USD per kg, signaling reduced demand or increased supply for South Korea Dried Licorice Root.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$5.45/kg	$2.47/lb	$9.41/kg	$4.27/lb
2023	$6.91/kg	$3.13/lb	$9.74/kg	$4.42/lb
2022	$6.14/kg	$2.79/lb	$8.76/kg	$3.97/lb

Reported on Reported on	Specifications Specifications	Price (USD/kg) Price (USD/kg)	Reported price Reported price
2025-03-27	Chinese Liquorice(variety), High Quality(grade)	$6.42/kg	KRW 4,700/Bundle (0.5 kg)
2025-03-24	-	$6.36/kg	KRW 9,320/Bag (1 kg)
2025-03-12	Excellent Quality(grade)	$8.73/kg	KRW 380,000/Box (30 kg)

Import prices of Dried Licorice Root in South Korea

Historical import price trends

The import prices of Dried Licorice Root to South Korea have risen over the past two years due to changes in market supply and demand. In 2023, import prices ranged from $0.87 to $3.10 USD per kg. By 2024, these prices had increased to a range of $1 to $3.85 USD per kg, reflecting ongoing growth in the import price of Dried Licorice Root to South Korea.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$1/kg	$0.45/lb	$3.85/kg	$1.74/lb
2023	$0.87/kg	$0.40/lb	$3.10/kg	$1.41/lb
2022	$0.87/kg	$0.39/lb	$2.50/kg	$1.13/lb

Recent import records

On 2025-02-25, Dried Licorice Root reported as “[감초(뿌리,건조)] 감초__LICORICE ROOTS” was imported by a company in South Korea from a company in Uzbekistan.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2025-02-25	$000/kg	[감초(뿌리,건조)] 감초__LICORICE ROOTS	Company name	Uzbekistan	Company name	South Korea
2025-02-21	$000/kg	[감초(뿌리,건조)] 감초__LICORICE ROOTS	Company name	Uzbekistan	Company name	South Korea
2025-02-21	$000/kg	[감초(뿌리,건조)] 감초(21KG)__GLYCYRRHIZA GLABRA	Company name	Uzbekistan	Company name	South Korea

To access detailed information, including unit prices and company names, get full access to our Transaction Data.

FAQ for Dried Licorice Root price in South Korea

What is the HS code for Dried Licorice Root?

The HS code for Dried Licorice Root is 071490 - Vegetable roots and tubers; arrowroot, salep, Jerusalem artichokes and similar roots and tu.

What varieties are there for Dried Licorice Root in South Korea?

Tridge offers domestic price data for a range of Dried Licorice Root varieties, including Chinese Liquorice. For Dried Licorice Root in South Korea, price data is available for varieties such as Chinese Liquorice.

Where does Tridge source its price data?

Tridge gathers price data from over 400 trusted global sources, including government public sources, producers, traders, and local industry experts. We ensure data accuracy through both human oversight and cutting-edge AI technology, which helps manage missing values, detect outliers, and standardize currency and units.

How are the low and high prices for South Korea Dried Licorice Root calculated?

The low and high prices are calculated from South Korea data for Dried Licorice Root during the selected period, showing the typical price range after excluding outliers. Please note that trends may differ when analyzed in more detail, such as by product variety, company, or specific timeframes.

How much price data is available for Dried Licorice Root on Tridge?

In the past 6 months, 26 Dried Licorice Root price entries were updated for South Korea.

How much transaction data is there for Dried Licorice Root in South Korea in Tridge?

We have 192 transaction records for Dried Licorice Root in South Korea. Visit our About Transaction Data page to explore its features.