The grape production in South Korea has shown a significant declining trend over the past years. In 2013, the value stood at 219.68 thousand metric tons and saw a peak in 2014 at 268.56 thousand metric tons. Since then, production has been decreasing fairly consistently.
In 2023, grape production was recorded at 124.86 thousand metric tons. The year-on-year variation for 2022 was -7.02%, while the average variation over the past 5 years (CAGR) was -6.57%. This emphasizes a strong declining trend in recent years.
Looking to the future, forecasts suggest that by 2028, grape production will drop further to 75.62 thousand metric tons. The forecasted 5-year CAGR is -7.96%, indicating continued decline.
Future trends to watch for include potential impacts of climate change, advancements in viticulture, and changes in consumer preferences. Government policies and investments in agricultural technology could also play a pivotal role in shaping future production trends.
