In 2023, the export volume of nuts in South Korea stood at 10,000 metric tons, unchanged from 2022. Over the last two years, the year-on-year variation was consistently 0%, indicating stability. The five-year compounded annual growth rate (CAGR) shows an average annual variation of 0%, reflecting a steady trend without significant growth or decline in export volumes.
Historically, export volumes fluctuated slightly, with notable changes such as a 20% increase in 2017 and a 16.67% decrease in 2018. However, from 2019 onwards, the volume stabilized at 10,000 metric tons per year. This pattern suggests a mature market with limited volatility.
Future Trends to Watch:
- Monitoring global demand and pricing for nuts, as they can directly impact export volumes.
- Shifts in trade policies or tariffs that could either enhance or constrain export opportunities.
- Technological advancements in agriculture that might increase yield and, subsequently, export potential.
- Consumer preferences for nuts in international markets, which can influence export trends.