Coffee imports decline for first time in 5 years in South Korea

As coffee imports turned to a downward trend this year, it is predicted that if this trend continues, annual imports will decrease for the first time in five years. According to the export and import statistics of the Korea Agro-Fisheries & Food Trade Corporation on the 22nd, coffee imports from January to July this year were 109,752 tons, the same period last year (11 Compared to 4203 tons), it decreased by 3.9%. Coffee imports were $646.73 million, down 9.5% from the same period last year ($714.25 million). Including coffee substitutes such as husks. Coffee imports increased every year, starting with 158,385 tons in 2018, 167,654 tons in 2019, 176,648 tons in 2020, and 189,502 tons in 2021. Last year, annual imports exceeded 200,000 tons (205,065 tons). The amount of imports also showed an upward trend, with $637.29 million in 2018, $661.67 million in 2019, $737.8 million in 2020, and $916.48 million in 2021. Last year, the increase in imports and the rise in the exchange rate ...