In 2023, South Korea's soybean production stood at 67.0 thousand metric tons. From 2024 through 2028, forecasted production shows a consistent decline. Year-on-year variations are as follows:
- 2024: -5.82%
- 2025: -6.18%
- 2026: -6.42%
- 2027: -6.68%
- 2028: -6.96%
The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is -6.4%, reflecting a steady decline in production.
Future trends to watch for include potential changes in agricultural policies, climate change impacts on crop yields, and advancements in agricultural technology which could either mitigate or exacerbate the current downward trajectory in soybean production.
