In 2023, South Korea's demersal fish production stood at 279.5 thousand metric tons. By examining the forecasted data from 2024 to 2028, we note a consistent year-on-year decline in production. Specifically, the production levels are projected to be 275.72 thousand metric tons in 2024, decreasing to 261.36 thousand metric tons by 2028. This represents an average annual decline (CAGR) of about -1.6% over the five-year period.
Year-on-year percentage variations indicate the following trends over the forecasted period:
- From 2024 to 2025: -1.35%
- From 2025 to 2026: -1.33%
- From 2026 to 2027: -1.33%
- From 2027 to 2028: -1.31%
Future trends to watch for in demersal fish production include potential impacts from overfishing policies, climate change effects on marine habitats, technological advancements in sustainable fishing, and international trade agreements that could affect supply and demand dynamics.
