Based on the data provided, the demand for pork in South Korea is forecasted to grow steadily from 2.03 million metric tons in 2024 to 2.12 million metric tons by 2028. Notably, in 2023, the actual demand stood at 2 million metric tons. Year-on-year growth rates from 2024 to 2028 are approximately 1%, 1.46%, 0.96%, and 0.95%, respectively. Looking at the compound annual growth rate (CAGR) from 2023 to 2028, it averages around 1.1% per year, indicating a consistent upward trend in pork demand.
Future trends to watch for include potential shifts in consumer dietary preferences, changes in local pork production and import dynamics, and governmental policies affecting the meat industry. These factors could impact the growth trajectory of pork demand in South Korea over the coming years.
