Forecasted data suggests a steady decline in milled rice domestic consumption in South Korea from 2024 to 2028, starting at 3.89 million metric tons in 2024 and falling to 3.74 million metric tons by 2028. In 2023, the consumption stood at 3.93 million metric tons. Year-on-year percentage variations show a consistent decline, with an average annual decrease (CAGR) over the five-year period indicating a gradual reduction in consumption trends. Over the last two years, the trend has continued to show a downward slope, reinforcing the pattern observed in the future forecasts.
Future trends to watch for include potential shifts in consumer preferences towards alternative grains, demographic changes such as aging population and declining birth rates affecting food consumption patterns, and policy changes related to agricultural support and import regulations. Monitoring these factors will be crucial for predicting further domestic consumption trends for milled rice in South Korea.
