Key Market Indicators
Korean wheat consumption is expected to hit 2.7 million metric tons by 2026, up 0.1% from 2021. Since 2017, the country's wheat demand has risen at a 0.2% rate. Canada was the biggest consumer in 2021, followed by India, the United States, and Pakistan. Conversely, Korean wheat production is forecast to drop to 15.2 million metric tons by 2026, down 2.8% from 2021. Since 1966, the country's wheat supply has fallen at a 13.9% rate. North Korea was the largest producer in 2021, trailed by India, Russia, and the United States.
