In 2023, South Korea's domestic consumption of roast and ground green coffee stood at 3.27 million units (bags of 60 kg). Analyzing the forecasted data from 2024 to 2028, we observe a positive growth trend:
Year-on-Year Variations:
- 2024: 3.35 million units (bags of 60 kg) - a 2.45% increase from 2023.
- 2025: 3.43 million units (bags of 60 kg) - a 2.39% increase from 2024.
- 2026: 3.52 million units (bags of 60 kg) - a 2.62% increase from 2025.
- 2027: 3.6 million units (bags of 60 kg) - a 2.27% increase from 2026.
- 2028: 3.68 million units (bags of 60 kg) - a 2.22% increase from 2027.
The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is approximately 2.39%, indicating a steady and moderate growth in the domestic consumption of roast and ground green coffee in South Korea.
Future trends to watch for include changes in consumer preferences towards specialty coffee, the influence of sustainability trends on purchasing behavior, and the potential impact of economic factors such as disposable income and market prices on coffee consumption patterns.
