Key Market Indicators
Korean frozen food exports are projected to reach around $1.8 billion by 2026, growing at a 2 percent average year-on-year rate since 1993. In 2021, Korea was ranked 59th, having been overtaken by Lebanon with $1.6 billion. China, Spain and Mexico ranked 2nd, 3rd and 4th respectively. Korean frozen food imports are expected to reach $2.3 billion by 2026, with a 2.6 percent annual growth rate since 1993. In 2021, the United States overtook Korea, which was ranked 3rd with $1.9 billion. The US, South Korea and Japan were ranked 2nd, 3rd and 4th respectively.
