Based on the provided data, the forecasted values for avocados exported to South Korea by Peru from 2024 to 2028 show a consistent upward trend. In 2023, the value stood at $10.85 million. The year-on-year percentage variations are as follows: from 2023 to 2024, there is a 9.8% increase; from 2024 to 2025, a 9.4% increase; from 2025 to 2026, an 8.5% increase; from 2026 to 2027, a 7.7% increase; and from 2027 to 2028, a 7.1% increase. Over the last five years, the compound annual growth rate (CAGR) is approximately 8.5%.
Future trends to watch for:
- Potential market expansions to other East Asian countries.
- Variations in consumer preferences in South Korea which could impact demand.
- Possible trade policy changes between Peru and South Korea affecting export volumes.
- Shifts in global avocado supply chains and pricing.