South Korea's coconut oil imports have been forecasted to consistently rise from 55.0 thousand metric tons in 2024 to 58.0 thousand metric tons in 2028. This upward trend indicates a steady increase, with a year-on-year growth rate of approximately 1.8% to 1.75%. Notably, the actual import volume in 2023 stood at 54.0 thousand metric tons, reflecting an increase of around 1.85% compared to 2024. The compound annual growth rate (CAGR) over the five-year period is approximately 1.8%.
Future trends to watch for include potential impacts from trade agreements, shifts in consumer preferences towards healthier oils, and fluctuations in coconut oil supply chains due to climatic conditions or geopolitical factors. Monitoring these aspects will be crucial for predicting future import trends.