The actual demand for oilseeds in South Korea stood at 1.84 million metric tons in 2023. The forecasted values suggest a stable demand from 2024 to 2028, oscillating slightly between 1.84 and 1.83 million metric tons. Year-on-year variation indicates negligible changes, implying a plateau in demand over this period. Observing the trend over the past years, the compound annual growth rate (CAGR) reflects a stable market with minimal fluctuations.
Future trends to watch for include potential impacts of changing dietary habits, advancements in agricultural technology, and shifts in trade policies. The influence of sustainable agriculture practices and the global economic environment could also play significant roles in shaping demand.
