Market research

Groundnutoil-cake market in South Korea

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market volume for groundnut oil-cake in South Korea showed considerable movement between 2018 and 2023. Starting at 818 t in 2018, it fell to 615 t the following year before rebounding strongly to 997 t in 2020. This growth continued, with the market reaching a peak of 1 057 t in 2022, but then contracted to 886 t in 2023.

This pattern was shaped by shifts in both domestic output and import flows. Production varied year-on-year, dropping to 609 t in 2019 and rising to 879 t in 2021. A more decisive change came from imports, which remained minimal until 2020 when they jumped to 159 t and climbed further to 223 t by 2022, substantially supplementing the total market supply during those years.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production groundnutoil-cake in South Korea

In kind, 2017-2020, t

Top producers of groundnutoil-cake, 2017-2020

Source: SHEV.io

World map of production of groundnutoil-cake, 2017-2020

Source: SHEV.io

South Korea's groundnut oil-cake production rebounded after two years of decline. In 2019, production hit its lowest point at 608 tons, but then surged by 37.7% in 2020 to reach 838 tons. Over the 2017-2020 period, overall production fell by 21.3%, with an average annual decline of 7.7%. The sharpest drop occurred in 2019, when production decreased by 25.4%.

Annual dynamics of production in South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.4%)	(25.4%)	37.7%	(7.7%)

Source: SHEV.io

Exports groundnutoil-cake from South Korea

Market data shows that South Korea did not export any groundnut oil-cake from 2017 through 2020.

Imports groundnutoil-cake to South Korea

Imports in kind, t

South Korea's groundnut oil-cake imports grew for the third year in a row. In 2019, imports were minimal, but they skyrocketed by 2 508.2% in 2020 to reach 159.1 tons. From 2017 to 2020, imports surged by 15 909 950%, with an average annual growth rate of 5 318.6%.

Annual dynamics of product's imports to South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	290 903.0%	109.6%	2 508.2%	5 318.6%

Source: SHEV.io

Between 2017 and 2020, South Korea's groundnut oil-cake imports were heavily concentrated on China, which accounted for 97.0% of the total volume.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to South Korea in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

South Korea's spending on foreign groundnut oil-cake supplies rose for the third consecutive year. In 2019, imports were low, but they jumped by 4 613.2% in 2020 to $353.5 thousand. Over the 2017-2020 span, import value increased by 1 767 580%, translating to an average annual rate of 2 505.0%.

Annual dynamics of product's imports to South Korea in value, 2017-2020, K $ US