South Korea's fisheries imports for 2024 forecast is USD 6.14 billion, which indicates a steady increase from the recorded USD 5.88 billion in 2023. The year-on-year variation shows a positive trend with a 4.42% increase from 2023 to 2024. This upward trend continues with 2.61% in 2025, 2.7% in 2026, 2.32% in 2027, and 2.42% in 2028. The CAGR over the five-year period from 2023 to 2028 is approximately 2.49% year on year.
Future trends to watch:
- Impact of environmental policies on fisheries import volumes
- Fluctuations in global seafood prices affecting import values
- Technological advancements in aquaculture reducing dependency on imports
- Potential geopolitical issues impacting trade relations and import dynamics
