The coffee export volume in South Korea has shown a consistent decline over the last decade. From a high of 95.0 thousand metric tons in 2014, the volume has decreased to 79.0 thousand metric tons in 2023. The year-on-year variations have shown significant fluctuations, with notable declines of 9.78% in 2017 and 6.14% in 2020. The CAGR over the last five years stands at -0.98% for 2023.
For future trends, the forecast indicates a continued decline with an estimated CAGR of -1% for the period from 2024 to 2028. By 2028, the export volume is projected to fall to 74.19 thousand metric tons. Watch for market dynamics such as changes in global coffee demand, trade policies, and domestic consumption patterns, which could impact these projections.