In 2023, the consumption of olive oil fat supply in South Korea was at a value of 0.70 grams per capita per day. The forecast data for the upcoming years shows a steady trend: 0.71 grams per capita per day in both 2024 and 2025, and 0.72 grams per capita per day from 2026 to 2028.
Year-on-year percentage variations are as follows:
- 2024: 1.43%
- 2025: 0%
- 2026: 1.41%
- 2027: 0%
- 2028: 0%
The Compound Annual Growth Rate (CAGR) over the last five years is minimal, indicating a relatively stable consumptive environment for olive oil in South Korea.
Future trends to watch for include potential health trends driving increased olive oil consumption, shifts in dietary preferences, and any significant changes in import tariffs or supply chain dynamics that could impact availability and pricing.
