In 2023, South Korea's coffee import volume stood at 209.4 thousand metric tons. The forecast data indicates a steady increase in coffee imports over the next five years, with volumes expected to reach 222.13 thousand metric tons by 2028. Year-on-year variations show incremental growth: 1.25% in 2024, 1.25% in 2025, 1.22% in 2026, 1.17% in 2027, and 1.13% in 2028. The five-year compound annual growth rate (CAGR) is approximately 1.2% from 2024 to 2028.
Future trends to watch for include:
- Changes in consumer preferences towards specialty and ethically sourced coffee.
- Potential impacts of climate change on coffee-producing regions, affecting supply.
- Economic factors such as currency fluctuations and trade policies that could influence import volumes.