From 2013 to 2023, South Korea's import of flower seeds for sowing experienced fluctuations, starting at 339.03 thousand kilograms in 2013 and decreasing to 273.68 thousand kilograms in 2023. Year-over-year variations reveal significant declines in the early years, followed by stabilization and modest growth. Noteworthy changes include a 18.64% drop in 2014 and a 17.09% increase in 2017. Over the last two years, the import value rose slightly by approximately 0.1% annually. The compound annual growth rate (CAGR) for the last five years stands at 1.13%. Looking ahead, a very modest CAGR of 0.08% is forecasted for 2024 to 2028, indicating minimal expected growth.
Future trends to watch for include:
- Potential impacts of agricultural policies or trade agreements on seed import volumes.
- Advancements in seed technology or changes in flower cultivation practices.
- Economic factors that could influence demand for ornamental plants and flowers.
