The export value of frozen vegetables from South Korea stood at $1.65 million in 2023. Based on the forecasted data, the export value is expected to grow modestly each year from 2024 to 2028, reaching $1.8776 million by 2028. The year-on-year variation indicates incremental growth:
- 2024: Increased by 3.32% from 2023
- 2025: Increased by 2.43% from 2024
- 2026: Increased by 2.32% from 2025
- 2027: Increased by 2.23% from 2026
- 2028: Increased by 2.14% from 2027
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.67%.
Future trends to watch for include potential fluctuations in global demand for frozen vegetables, trade policy changes, and technological advancements in agriculture. Addressing these factors can help capture growth opportunities and mitigate risks.
