Forecast: Share of Aquaculture in South Korea

From 2013 to 2023, the share of aquaculture in South Korea's national fish production displayed an increasing trend. Starting at 35.35%, it gradually grew year-over-year, reaching 50.25% in 2023. Over the last five years, this sector saw an average yearly growth (CAGR) of 1.94%, while the year-on-year growth rate for the latest year was 1.82%. This steady expansion suggests a strong upward trajectory driven by aquaculture’s growing importance in the country's fish production.

Future trends to watch for:

  • Continued incremental growth with a forecasted CAGR of 1.28% over the next five years, culminating in a 54.49% share by 2028.
  • Potential impacts of sustainable practices and technological advancements on aquaculture efficiency and output.
  • Market shifts driven by consumer preferences and policy changes in response to environmental concerns.

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