Forecast: Import of Goat Meat to South Korea

The import of goat meat to South Korea is projected to grow steadily from 2024 to 2028, starting from 14.597 million USD in 2024 and reaching 16.781 million USD in 2028. This forecast shows a consistent annual increase in dollar values, reflecting a positive trend in demand. The year-on-year percentage variation is around 3.85% from 2024 to 2025, 3.64% from 2025 to 2026, 3.43% from 2026 to 2027, and 3.26% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period stands at approximately 3.54%.

Future trends to watch for:

  • Changes in consumer preferences towards healthier and alternative meat options.
  • Developments in South Korea's trade policies with goat meat exporting countries.
  • Impact of global economic conditions on import capacities.
  • Emergence of competitive or substitute products in the market.

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