In 2023, the import value of lemons and limes to South Korea stood at 57.965 million US Dollars. The forecast indicates a steady growth in imports from 2024 onwards, beginning with 60.065 million USD in 2024 and reaching 68.756 million USD by 2028. The year-on-year growth rates are as follows: from 2023 to 2024, 3.62%; from 2024 to 2025, 3.72%; from 2025 to 2026, 3.52%; from 2026 to 2027, 3.34%; and from 2027 to 2028, 3.16%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period stands at approximately 3.47%.
Future trends to watch for include potential shifts in consumer preferences towards fresher and organic citrus products, changes in trade policies and tariffs, and the impacts of climate change on citrus production in exporting countries. Monitoring these factors will be crucial in understanding and anticipating the import dynamics of lemons and limes in South Korea.
