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Price for Shortening in South Korea

Get price analysis and market insights for South Korea Shortening with Tridge.

Export prices of Shortening in South Korea

Historical export price trends

The export price of Shortening from South Korea has been on a downward trend in recent years, driven by changing market conditions. In 2023, export prices were between $1.99 USD per kg and $1.99 USD per kg. By 2024, these prices had fallen to a new range of $1.72 to $1.98 USD per kg, reflecting shifts in demand or supply for South Korea Shortening.
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
$1.72/kg
$0.78/lb
$1.98/kg
$0.90/lb
2023
$1.99/kg
$0.90/lb
$1.99/kg
$0.90/lb

Recent export records

On 2024-09-24, Shortening reported as "NLTP: Vegetable oil mainly from palm oil - MJ Shortening (packaging: 14.5kg/1box, Manufacturer: Samyang corporation). Melting temperature: 38-41oC. PD: 03+04.09.2024 - ED: 02+03.09.2025. 100% new product" was exported by a company in South Korea to a company in Vietnam.
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
2024-09-24
$000/kg
NLTP: Vegetable oil mainly from palm oil - MJ Shortening (packaging: 14.5kg/1box, Manufacturer: Samyang corporation). Melting temperature: 38-41oC. PD: 03+04.09.2024 - ED: 02+03.09.2025. 100% new product
Company name
South Korea
Company name
Vietnam
2024-09-24
$000/kg
NLTP: Vegetable oil mainly from palm oil - KH Shortening (packaging: 18kg/1box, Manufacturer: Samyang corporation). Melting temperature: 39-43oC, PD: 27.08+03.09.2024 - ED: 26.08+02.09.2025. 100% new product
Company name
South Korea
Company name
Vietnam
2024-09-09
$000/kg
NLTP: Vegetable oil mainly from palm oil - KH Shortening (packaging: 18kg/1box, Manufacturer: Samyang corporation). Melting temperature: 39-43oC, PD: 13 + 20.08.2024 - ED: 12+19.08.2025. 100% new product
Company name
South Korea
Company name
Vietnam
To access detailed information, including unit prices and company names, get full access to our Transaction Data.

Import prices of Shortening in South Korea

Historical import price trends

The import prices of Shortening to South Korea have risen over the past two years due to changes in market supply and demand. In 2023, import prices ranged from $1.13 to $4.20 USD per kg. By 2024, these prices had increased to a range of $1.43 to $13.75 USD per kg, reflecting ongoing growth in the import price of Shortening 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
$1.43/kg
$0.65/lb
$13.75/kg
$6.24/lb
2023
$1.13/kg
$0.51/lb
$4.20/kg
$1.91/lb
2022
$1.43/kg
$0.65/lb
$3.56/kg
$1.62/lb

Recent import records

On 2024-12-26, Shortening reported as “[쇼트닝] 유화제 지방__EMULSIFIER FAT EOL” was imported by a company in South Korea from a company in Singapore.
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
2024-12-26
$000/kg
[쇼트닝] 유화제 지방__EMULSIFIER FAT EOL
Company name
Singapore
Company name
South Korea
2024-12-20
$000/kg
[쇼트닝] 스마트 베이커-쇼트닝__SMART BAKER SHORTENING
Company name
Indonesia
Company name
South Korea
2024-12-20
$000/kg
[쇼트닝] 스마트 베이커-쇼트닝__SMART BAKER SHORTENING
Company name
Indonesia
Company name
South Korea
To access detailed information, including unit prices and company names, get full access to our Transaction Data.

Get latest market insights & trade transaction data

Market Brief | Instant insights

Quickly access actionable insights into the Shortening market with interactive charts and analyses. Market Brief offers a concise overview of export, import, and wholesale prices to guide your trade strategy. Start for free by exploring past Curations.

Transaction Data | In-depth analysis

Access detailed transaction records and company analysis for Shortening, sourced from B/L and customs data. Monitor competitor activities, identify new trade partners, and analyze export/import prices. Use transaction data for deeper insights and more informed business decisions.

FAQ for Shortening price in South Korea

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 Shortening calculated?
The low and high prices are calculated from South Korea data for Shortening 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 transaction data is there for Shortening in South Korea in Tridge?
We have 587 transaction records for Shortening in South Korea. Visit our About Transaction Data page to explore its features.

Shortening prices in other countries

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