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.