Between 2014 and 2023, the nuts market volume in North Korea showed a declining trend, decreasing from 17.0 Thousand Metric Tons in 2014 to 14.0 Thousand Metric Tons in 2023. Notably, 2016 marked a significant drop of 11.76% in volume. From 2019 to 2020, the year-on-year variation was stable, but 2021 experienced a drop of 6.67%. Over the last five years, the average annual decline (CAGR) was -1.37%. Moving forward, from 2023 to 2028, the market volume is forecasted to decrease further, with an average yearly decline of -1.47%, culminating in a 7.14% total reduction over the forecast period.
Future trends to watch for:
- Changes in domestic agricultural policies impacting nut production
- Potential shifts in consumer preferences towards or away from nuts
- Impact of international sanctions and trade restrictions
- Technological advancements in nut farming and supply chain improvements
