South Korea's cheese import volumes are set to increase over the next five years, from 144.0 thousand metric tons in 2024 to 161.0 thousand metric tons by 2028. In comparison to the actual data of 2023, which stood at 139.0 thousand metric tons, this represents a steady growth trend. Year-on-year percentage variations forecast for the upcoming years are: 2.8% for 2024, 2.8% for 2025, 3.4% for 2026, 2.6% for 2027, and 2.5% for 2028. The average annual growth rate (CAGR) over the five-year forecast period is estimated at 2.82%.
Future trends to watch for include potential shifts in consumer preferences towards premium cheese varieties, changes in trade policies that might affect import tariffs, and ongoing trends in dietary habits that could either positively or negatively impact cheese consumption in South Korea.
