The import volume of freshwater fish in South Korea has experienced varying trends over the years. In 2023, the volume stood at 50.84 thousand metric tons. Between 2014 and 2023, fluctuations were notable, with significant drops like in 2020 due to a 16.45% year-on-year decrease, yet a recovery followed with a 15.22% increase in 2021. Over the last two years (2021-2023), the trend remained upward with a cumulative annual growth rate (CAGR) of 0.68%. Over five years (2019-2023), the CAGR was also noted at 0.68%.
Forecasting from 2024, the import volume is projected to grow steadily, achieving a 2.6% growth by 2028 with an average annual growth rate of 0.51%. Factors such as global market conditions, changes in consumer preferences, and potential improvements in domestic fish farming efficiencies should be closely monitored to better understand future import needs.
- From 2014 to 2023: Fluctuating trends with intermittent declines.
- From 2021 onwards: Noticeable recovery and stable growth.
- Projected growth from 2024 to 2028: Steady increase at 0.51% CAGR.
