Based on the import data for wine in South Korea, the volume is forecasted to increase steadily from 44.53 thousand metric tons in 2024 to 46.82 thousand metric tons in 2028. The year-on-year variation shows a consistent growth, with a 1.33% increase from 2024 to 2025, a 1.29% increase from 2025 to 2026, a 1.25% increase from 2026 to 2027, and a 1.18% increase from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the forecast period is approximately 1.26% per year.
Future trends to monitor include changes in consumer preferences, potential tariffs or trade agreements, and economic factors that may impact disposable income and spending on imported wine. Additionally, keep an eye on the competitive landscape among domestic and international wine brands vying for market share in South Korea.
