Korea’s coffee imports hit new high in 2022

 

 

 

By Steve Yoon

 

South Korea's imports of coffee surged more than 45 percent in the first 11 months of 2022 from a year earlier on its growing popularity here, data showed Monday.

 

The value of the country's coffee imports stood at US$1.19 billion in the January-November period, up 45.1 percent from the previous year, according to the data from the Korea Customs Service and industry sources.

 

It marks the first time that South Korea's coffee imports have exceeded $1 billion. Last year's amount was also up 16.7 times from 20 years earlier.

 

In terms of volume, South Korea's coffee imports reached some 187,790 tons in the 11-month period, up from 171,990 tons a earlier year.

 

South Korea's coffee imports had been on a steady rise since 2018. With coffee consumption soaring here, the number of coffee shops has also been rising rapidly.

 

The country's coffee shops and beverage stores numbered 99,000 as of the end of December, up 17.4 percent from a year earlier and a new all-time high.


 

 

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Korea’s coffee imports hit new high in 2022 (sankyungtoday.com)

Korea’s coffee imports hit new high in 2022