In 2023, South Korea's olive oil stock stood at 4.0 Thousand Metric Tons, showing no variation from the previous year. Analyzing the period from 2014, the data reveals significant fluctuations with the stock levels reaching as low as 1.0 Thousand Metric Tons in 2017 and peaking at 5.0 Thousand Metric Tons in both 2014 and 2018. Over the last five years, the compound annual growth rate (CAGR) is -4.36%, reflecting a decreasing trend until it stabilized at 4.0 Thousand Metric Tons from 2019 onwards. Year-on-year variations highlight volatility, with sharp increases and decreases in earlier years.
Future trends to watch for:
- With the forecast showing a stable stock level of 4.0 Thousand Metric Tons from 2024 to 2028, the market might experience a period of equilibrium.
- Any sudden shifts in demand, supply disruptions, or changes in consumer preferences could disrupt the predicted stability.
