In 2023, the actual supply of coconut oil in South Korea stood at 54.0 Thousand Metric Tons. The forecasted data indicates stability for the years 2024 and 2025 at 55.0 Thousand Metric Tons each, followed by a slight increase to 56.0 Thousand Metric Tons in 2026 and 2027, and reaching 57.0 Thousand Metric Tons in 2028. The year-on-year variation from 2023 to 2024 shows a modest increase of 1.85%, and it remains consistent until 2025. A subsequent growth of 1.82% is expected annually from 2026 to 2028.
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 1.06%. These mild and steady increases indicate a relatively stable upward trend in the coconut oil supply.
Future trends to watch include potential changes in global coconut oil production and export policies, shifts in domestic consumption patterns, and possible advancements in agricultural technologies that could affect supply dynamics.
