Forecast: Spices Market Size Volume in South Korea

Based on the provided data, the spices market in South Korea is expected to remain stable from 2024 to 2027, with a consistent volume of 23.0 thousand metric tons each year. However, a slight decline to 22.0 thousand metric tons is forecasted for 2028. Compared to the actual volume in 2023, which also stood at 23.0 thousand metric tons, the market shows no growth up until 2027, followed by a 4.35% year-on-year decrease in 2028.

Future trends to watch for include:

  • Potential shifts in consumer preferences towards fresh or localized spices that may affect the volume of imported spices.
  • Changes in trade policies or tariffs that could impact supply chains and pricing.
  • Innovations in spice product offerings, such as ready-to-use blends or organic options.

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