The forecast for olive oil supply in South Korea indicates a progressive increase from 2024 to 2028, with values moving from 26.0 thousand metric tons in 2024 to 29.0 thousand metric tons in 2028. Based on the available data, olive oil supply is expected to grow at a relatively consistent pace.
Year-on-year variations depict a steady growth pattern:- 2024 to 2025: 3.85%- 2025 to 2026: 0%- 2026 to 2027: 3.70%- 2027 to 2028: 3.57%
Over the last two years, the compounded annual growth rate (CAGR) suggests an average yearly increase of approximately 3.28% from 2023 to 2028.
Future trends to watch for:- Potential changes in import policies affecting supply chains.- Shifts in consumer preferences towards olive oil due to health trends.- Impacts of international olive oil production on supply.
