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Domestic production of grapes is decreasing. Imports have continuously increased since the Korea-Chile Free Trade Agreement in 2004.
Hop imports declined in 2019 due to the overall stagnation of the Korean beer market. However, the craft beer market in Korea has been growing over the past few years leading to increased...
The frozen fruit market in Korea has been on a decline. However, there are still opportunities for growth as Korean consumers value diversity and convenience.
In Marketing Year (MY) 2020/21, Korea’s fresh apple production is projected to decrease by 15 percent to 455,000 MT due to reduced planted area and weather-related damage.
The Korean wine market continues to expand as consumers look for high quality, lower alcohol beverages.
As of 2019, the Korean pet food market is estimated at over one billion USD. Korea’s pet food market is expanding along with its growing pet population.
Beer is the most consumed alcoholic beverage in Korea. Imported beer continues to expand market share.
Coffee consumption in Korea is widespread and growing rapidly. Tea is also becoming more popular due to health-conscious consumers.
Korea is a major importer of a diverse range of dried fruit.
Cherries are one of the most popular imported fruits in Korea, followed by bananas and oranges. This trend is expected to continue in the coming years.
While the overall distilled spirits market has stagnated, changes in consumer tastes are creating new opportunities for imported products.
Korea is the United States’ top export market for oranges and the third largest market for lemons and grapefruit.