The import of prepared or preserved citrus fruits to South Korea stood at 4.1018 million kilograms in 2023. Over the last two years (2022-2023), the year-on-year growth averaged around 1.17%, indicating a stable yet modest increase. Over the longer term, the compound annual growth rate (CAGR) for the last five years was approximately 1.50%, reflecting a steady growth trend. Forecasted data suggests the CAGR will adjust to 0.83% from 2024 to 2028, implying a portent of moderate growth with an expected 4.2% increase over the next five years.
Future trends to watch for:
- Potential impacts of changes in trade policies affecting import volumes.
- Shifts in consumer preferences towards healthier and organic options.
- Technological advancements in food preservation impacting demand.
- Stable economic conditions facilitating continued moderate growth.
