In 2023, New Zealand exported avocados to South Korea with a value of 4.95 million USD. Based on the forecasted data, the value of avocados exported is projected to increase steadily from 5.23 million USD in 2024 to 6.34 million USD in 2028. This represents a clear year-on-year growth, with variation percentages showing consistent increases over each year.
Year-on-Year Variation Percentages:
• 2024: 5.66% increase from 2023
• 2025: 5.35% increase from 2024
• 2026: 5.08% increase from 2025
• 2027: 4.87% increase from 2026
• 2028: 4.45% increase from 2027
CAGR (Compound Annual Growth Rate) from 2023 to 2028:
• 5.08% per year
Future trends to watch for include potential changes in consumer preferences, variations in avocado supply due to climate change, and trade policy adjustments between New Zealand and South Korea. Monitoring these factors can provide insights into the sustainability and possible fluctuations in these forecasted growth rates. Additionally, tracking the global demand and market price for avocados will be crucial for future projections.
