In 2023, the swine supply in South Korea stood at 31.00 million units (heads). From 2024 to 2028, the forecasted data indicates a steady increase in the swine supply, starting at 31.35 million units in 2024 and rising annually to reach 32.83 million units by 2028. On a year-on-year basis, we observe the following variations:
- 2024-2025: +1.18%
- 2025-2026: +1.17%
- 2026-2027: +1.15%
- 2027-2028: +1.14%
Over the entire five-year forecast period (2024-2028), the Compound Annual Growth Rate (CAGR) is calculated to be approximately 1.17%, reflecting a consistent upward trend in the swine supply.
- Future trends to watch for:
- Potential impacts of disease outbreaks such as African Swine Fever.
- Changes in consumer demand for pork and related products.
- Government regulations and policies affecting livestock farming.
- Technological advancements in swine farming practices.
