The supply of orange juice in South Korea has exhibited noticeable fluctuations over the past decade. After reaching a high in 2021 at 23.62 thousand metric tons, the supply has experienced a decline to 20.72 thousand metric tons by 2023. This represents a year-on-year decrease of 7.91%. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 is nearly flat at 0.072%, indicating a stagnation in growth. Forecasts suggest a continued downward trend, with an expected supply of 12.1 thousand metric tons by 2028, signifying a forecasted 5-year CAGR of -8.59% and an overall decline of 36.18% from 2023 to 2028.
Future trends to watch for include potential impacts of climate change on citrus production, shifts in consumer preferences towards other beverages, trade policy changes affecting imports, and advancements in agricultural technology that could influence supply stability.
