2018 actuals show cassava import volume in South Korea stood at 130.0 thousand metric tons.
Forecasted cassava import volumes in South Korea reveal a declining trend from 2024 to 2028. The volume is expected to decrease substantially from 103.0 thousand metric tons in 2024 to just 10.0 thousand metric tons in 2028. This represents a dramatic year-on-year decline, with significant reductions especially post-2025.
The expected year-on-year variation is as follows:- 2024-2025: -23%- 2025-2026: -30.4%- 2026-2027: -41.8%- 2027-2028: -68.8%
The Compound Annual Growth Rate (CAGR) for the 5-year period is projected to be approximately -54.8%, indicating a consistent and severe downward trend in cassava imports.
Future Trends to Watch:
Potential factors influencing this decline could include changes in domestic agricultural policies, shifts in dietary preferences, improvements in cassava production domestically, or increased competition from alternative starch sources. Monitoring these elements will be crucial for understanding the cassava market in South Korea moving forward.
