Sweeteners import volume in South Korea stood at 2.2 Million Metric Tons in 2023. Over the last decade, the import volume has shown moderate fluctuations, with occasional increases and decreases. The year-on-year variation for 2023 was 0.27%, consistent with previous incremental increases. The compound annual growth rate (CAGR) over the past five years was 0.14%, displaying stability and modest growth in the market.
Future trends to watch for include the anticipated growth in imports, with the CAGR forecasted at 0.18% over the next five years and an overall growth rate of 0.91%. This indicates a steady upward trajectory, suggesting gradual increases in market demand.
