Analyzing the poultry meat production levels in South Korea from 2013 to 2028, we notice a consistent upward trend with occasional fluctuations. As of 2023, the production level stood at 683.06 thousand metric tons, marking a year-on-year increase of 1.8%. The compound annual growth rate (CAGR) over the last five years was 2.49%, reflecting steady growth. Significant annual increases occurred in 2014 (11.61%) and 2015 (10.82%), while 2017 saw a notable decrease of 6.86%.
Future forecasts suggest a continued increase in production levels, with an estimated production of 742.63 thousand metric tons by 2028. The anticipated five-year CAGR from 2024 to 2028 is 1.33%, indicating moderate growth. Forecasted annual growth rates remain positive, though at a slightly slower pace compared to the past decade.
Future trends to watch for include potential impacts from technological advancements in poultry farming, shifts in consumer preferences towards alternative proteins, and evolving regulatory standards. Monitoring these factors will be crucial for predicting long-term production trends in South Korea's poultry industry.
