Analysis of South Korea's pigmeat production from 2013 to 2023 shows significant growth with fluctuations. By 2023, production stood at 1.74 million metric tons.
Recent trends (2021-2023):
- 2021-2022: 1.88% increase.
- 2022-2023: 1.83% increase.
Over the past five years (2018-2023), the CAGR was 2.56%, demonstrating consistent, moderate growth.
Forecasts for 2024-2028 show a forecasted 1.33% 5-year CAGR and a cumulative growth rate of 6.81% for the period.
Future trends to watch: Impact of global economic conditions, technological advancements in farming practices, and shifts in domestic demand and export markets will play key roles in shaping production trends.
