The forecasted milled rice supply in South Korea shows a steadily increasing trend from 2024 to 2028, starting at 5.54 million metric tons in 2024 and rising to 5.71 million metric tons by 2028. Compared to the 2023 value of 5.50 million metric tons, the year-on-year variations demonstrate a modest growth trajectory.
Year-on-Year Variations (compared to the previous year):
- 2025: +0.72%
- 2026: +0.90%
- 2027: +0.71%
- 2028: +0.71%
Over the last two years, from 2023 to 2024, the variation is +0.72%, while the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately +0.76%.
Future trends to watch for include potential impacts of climate change on rice production, advancements in agricultural technology increasing yields, and shifts in domestic consumption patterns. These factors could influence supply stability and overall market dynamics in the coming years.
