In 2023, South Korea’s duck meat production stood at 104.05 thousand metric tons. Over the last two years, the year-on-year growth rates were 2.67% in 2022 and 2.55% in 2023, indicating consistent yet modest growth. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2.6%.
Looking forward, between 2024 and 2028, the production is forecasted to rise steadily, with an average annual growth rate of 1.92% and an anticipated total growth of 9.98% over this period. By 2028, production is expected to reach 117.56 thousand metric tons.
Future Trends to Watch For:
- Potential impacts of government policies on meat production
- Consumer demand shifts towards or away from duck meat
- Technological advancements in farming and production processes
- Effects of international trade policies and agreements
