In 2023, the olive import volume in South Korea stood at 6.0 thousand metric tons. Forecasts for 2024 and 2025 predict a stable volume at 6.0 thousand metric tons each year. From 2026 onwards, an increase is expected, with volumes rising to 7.0 thousand metric tons annually through 2028. Year-on-year variation remains stable at 0% between 2024 and 2025, followed by a 16.7% increase starting in 2026, which persists through 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) averages 3.1%.
Future trends to watch for include potential shifts in consumer preferences towards healthier diets and Mediterranean cuisine, which might drive higher demand for olives. Additionally, trade policies and geopolitical factors could also impact import volumes.
