The actual garlic consumption at the farm gate in South Korea in 2023 stood at 388.73 thousand metric tons. Over the past two years, there was a noticeable increase with a year-on-year variation of 2.72% from 2022 to 2023. However, the compound annual growth rate over the last five years was around -0.1%, indicating slight fluctuations but an overall stability in consumption levels.
Future trends suggest a stable consumption pattern, as forecast data from 2024 onwards indicates no significant changes, with values remaining constant at 388.75 thousand metric tons through 2028. This implies near-zero growth, highlighting market maturity with a projected 5-year CAGR of 0%.
Future trends to watch:
- Potential market disruptions or policy changes affecting garlic production and consumption.
- Technological advancements in farming practices that could impact yield and consumption patterns.
- Shifts in consumer dietary preferences or health trends that may influence garlic consumption.
- Trade policies and import/export dynamics impacting local and international garlic markets.
