Price for Licorice Root Powder in South Korea

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

Wholesale prices of Licorice Root Powder in South Korea

Recent wholesale prices

Over the past 4 weeks, the wholesale price of South Korea Licorice Root Powder has typically been between $8.62 and $9.08 USD per kg, or $3.91 to $4.12 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	$8.62/kg	$3.91/lb	$9.08/kg	$4.12/lb

Historical wholesale price trends

The wholesale price of South Korea Licorice Root Powder has followed a downward trend over the past two years, influenced by evolving market conditions. In 2023, wholesale prices varied between $7.02 USD per kg and $9.58 USD per kg. However, by 2024, wholesale prices declined to a new range of $5.53 to $8.62 USD per kg, signaling reduced demand or increased supply for South Korea Licorice Root Powder.

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	$5.53/kg	$2.51/lb	$8.62/kg	$3.91/lb
2023	$7.02/kg	$3.18/lb	$9.58/kg	$4.35/lb
2022	$6.09/kg	$2.76/lb	$7.53/kg	$3.42/lb

Reported on Reported on	Specifications Specifications	Price (USD/kg) Price (USD/kg)	Reported price Reported price
2025-01-15	Excellent Quality(grade)	$9.15/kg	KRW 80,000/Box (6 kg)
2024-12-31	Chinese Liquorice(variety)	$6.32/kg	KRW 9,320/Bag (1 kg)
2024-12-07	-	$6.55/kg	KRW 9,320/1 kg

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FAQ for Licorice Root Powder price in South Korea

What is the HS code for Licorice Root Powder?

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

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

Tridge offers domestic price data for a range of Licorice Root Powder varieties, including Chinese Liquorice. For Licorice Root Powder 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 Licorice Root Powder calculated?

The low and high prices are calculated from South Korea data for Licorice Root Powder 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 Licorice Root Powder on Tridge?

In the past 6 months, 22 Licorice Root Powder price entries were updated for South Korea. Visit our Data Availability page for more detailed information.

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

We have 0 transaction records for Licorice Root Powder in South Korea. Visit our About Transaction Data page to explore its features.