The import of fresh foliage and branches for bouquets to South Korea has displayed significant growth from 2013 to 2023, with values rising from 45.38 thousand kilograms in 2013 to 199.8 thousand kilograms in 2023. The year-on-year variation has fluctuated markedly, with prominent spikes in 2014 and 2017. The CAGR over the last five years leading up to 2023 was 3.54%, indicating a stable though moderate annual increase.
Future import volumes from 2024 to 2028 are forecasted to continue on an upward trend, reaching 241.18 thousand kilograms by 2028. The expected annual growth rate is projected at 2.96% over this period, suggesting steady but slower increments compared to previous years.
Overall Trends to Watch:
- Potential for market saturation impacting the rapid growth seen in earlier years.
- Economic factors and consumer preferences influencing demand for imported fresh foliage.
- Changes in international trade policies and relations affecting import volumes.
- Technological advancements in preservation and transportation impacting the import dynamics.
