Forecast: Nuts Market Size Volume in South Korea

The South Korea nuts market stood at 138 thousand metric tons in 2023. The market has experienced some fluctuations over the past decade, with a peak at 140 thousand metric tons in the early years and a steady decline to the current level. The year-on-year variation for 2023 was -0.72%, while the CAGR over the last five years was -0.29%. The market experienced notable year-on-year fluctuations, such as a -3.57% drop in 2016 and a 2.94% rise in 2018, but has generally stabilized around the 138-140 thousand metric tons mark in recent years.

Future trends to watch for:

  • Changes in consumer preferences towards healthier snacks might influence demand.
  • Potential impacts of global supply chain disruptions on nut availability and prices.
  • Policy changes and trade agreements that could affect nut imports and exports.

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