The import of domestic electric coffee or tea makers to South Korea has shown significant growth from 2013 to 2023, with an overall upward trend despite a few fluctuations. Notably, the import volume stood at 6.6009 million kilograms in 2023, marking a 3.7% increase from the previous year. The compound annual growth rate (CAGR) for the last five years was 4.96%, reflecting steady market expansion. The forecast predicts that by 2028, the import volume will reach 7.8385 million kilograms, with a forecasted 5-year CAGR of 2.68%, indicating a tempered pace of growth compared to the previous decade.
Future trends to watch for include potential shifts in consumer preferences towards more premium or sustainable coffee and tea makers, technological advancements in home-brewing devices, and possible regulatory changes impacting import policies. Additionally, the influence of the global supply chain and economic factors could affect future import volumes.
