The processing volume of tangerines and mandarins in South Korea has seen significant fluctuations over the past decade. In 2023, the volume stood at 66.46 thousand metric tons. Notable year-on-year changes include a drastic drop between 2014 and 2015 by 46.54% and a smaller annual decline of 5.05% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years (2023-2028) is projected to be -2.86%, indicating a shrinking market.
Future trends to watch for include:
- Market volatility due to agricultural factors.- Potential impacts of climate change on crop yields.- Changes in consumer preferences and dietary trends.- Advancements in agricultural technology which could influence production costs and volumes.
