Forecast: Nuts Export Volume in South Korea

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.

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