The barley beer production in South Korea showed varying trends over the years. In 2023, the production value was 2.0572 million metric tons, indicating a slight increase from the previous years. The period from 2013 to 2019 experienced fluctuations with minor year-on-year declines, except for notable decreases in 2016 and 2020.
Year-on-year variations recently revealed:
- 2021: +21.04%
- 2022: +0.45%
- 2023: +0.44%
The compound annual growth rate (CAGR) over the last five years was 0.52% leading up to 2023. Forecasts predict steady growth, with production expected to reach 2.1043 million metric tons by 2028, translating to a forecasted 5-year CAGR of 0.36% and an overall growth rate of 1.8%.
Future trends to watch include changes in consumer preferences, potential regulatory impacts, and innovations in brewing techniques that may influence production efficiency and output.
