The import value of chocolate into South Korea for the year 2023 stood at 386.72 million USD. From 2024, the forecasted values show a consistent annual increase: 396.19 million USD in 2024, 405.88 million USD in 2025, 415.38 million USD in 2026, 424.68 million USD in 2027, and 433.8 million USD in 2028. Year-on-year variations are as follows:
- 2024: 2.45%
- 2025: 2.45%
- 2026: 2.34%
- 2027: 2.24%
- 2028: 2.15%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be approximately 2.33% per annum.
Future trends to watch for:
- Consumer preferences for premium and organic chocolates
- Potential changes in trade policies influencing import tariffs and quota
- Fluctuations in currency exchange rates impacting import costs
- Growth in digital and online distribution channels expanding market reach
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