Based on the forecast data for the soybean oil supply in South Korea from 2024 to 2028, we observe a steady increase in volume from 617.0 thousand metric tons in 2024 to 655.0 thousand metric tons in 2028. This consistent growth reflects a compound annual growth rate (CAGR) of approximately 1.5% over this period. The year-on-year percentage variations indicate a stable upward trend, with around a 1.6% increase from 2024 to 2025, and similarly progressive rates through to 2028.
Future trends to watch for include:
- Potential impacts of global trade policies and tariffs on soybean oil imports.
- Advancements in domestic production capabilities and technology.
- Shifts in consumer preferences towards healthier or alternative oils.
- Environmental and sustainability regulations affecting production and supply chain dynamics.