The export of dried fruits from South Korea has experienced significant fluctuations over the years, with a notable rise from $2.0855 million in 2013 to $6.9583 million in 2023. In 2023, the export value stood at $6.9583 million, marking a 5.27% increase from the previous year. Over the last two years, the variation in value has been 5.69% in 2022 and 5.27% in 2023. The compound annual growth rate (CAGR) for the past five years, from 2018 to 2023, has been 12.5%.
Future forecasts suggest a stable growth trajectory with a predicted value of $8.5997 million by 2028, reflecting a 3.33% forecasted five-year CAGR and an overall growth rate of 17.8% from 2024 to 2028.
Trends to watch for:
- Global demand for healthy snacks, including dried fruits.
- Advancements in food preservation technology.
- Trade policies affecting export-import dynamics.
- Currency exchange rate fluctuations impacting export competitiveness.
