In 2023, South Korea's cereal production stood at 5.1185 million metric tons. The forecasted data indicates a declining trend: from 5.0498 million metric tons in 2024 to 4.7807 million metric tons by 2028. This represents a gradual year-on-year decrease, with a consistent approximate drop in production. Over the last two years, the average annual variation is observed at -1.3%, with the last 5-year CAGR indicating an average annual decrease of 1.7%.
Future trends to watch for include the impact of climate change on agricultural yields, advancements in agricultural technology, and potential shifts in domestic and international market demand. These factors might influence the actual cereal production numbers, either mitigating or exacerbating the current declining trajectory.
