Based on the forecasted banana market size in South Korea from 2024 to 2028, the annual per capita consumption is expected to increase from 8.52 kilograms in 2024 to 8.89 kilograms in 2028. This indicates a steady growth trend in banana consumption over the next five years. In comparison with 2023, which recorded an 8.42 kilograms per capita, the consumption is projected to grow by approximately 1.2% annually, demonstrating consistency in rising demand.
Year-on-Year variations indicate a gradual increase with a 0.9% rise from 2024 to 2025, a 1.2% rise from 2025 to 2026, and a subsequent consistent growth reaching an overall 5.6% increase from 2024 to 2028. The last two years (2027 and 2028) precipitation rates show a 1.0% and a 1.0% annual increase respectively.
Future trends to watch for include potential impacts of supply chain dynamics, consumer preferences towards healthier diets, and the effects of climate change on banana production. Additionally, monitoring international trade policies and technological advancements in agriculture may also affect market dynamics.
