In 2023, South Korea imported 2.88 million units (bags of 60 kg) of green coffee beans. The forecasted yearly import values are as follows: 2.93 million units in 2024, 2.99 million units in 2025, 3.06 million units in 2026, 3.12 million units in 2027, and 3.18 million units in 2028. Year-on-year growth rates from 2023 to 2024 are 1.74%, from 2024 to 2025 are 2.05%, from 2025 to 2026 are 2.34%, from 2026 to 2027 are 1.96%, and from 2027 to 2028 are 1.92%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.99%.
Future trends to watch for include potential impacts of global supply chain disruptions, fluctuations in international coffee prices, and changes in consumer preferences towards specialty or alternative coffees. These factors could significantly influence import volumes and market dynamics over the forecast period.
