The mutton and goat meat production in South Korea has shown stability over the last decade, starting from a value of 1.0 thousand metric tons in 2014 and maintaining a consistent level of 2.0 thousand metric tons from 2015 onwards, with minor fluctuations. The year-on-year variation has generally been minimal, besides a noticeable jump from 2014 to 2015. In recent years, production fell slightly in 2020 but stabilized again in the subsequent years. As of 2023, the production remains at 2.0 thousand metric tons.
Looking at forecasted data, production is expected to gradually increase, reaching 2.2 thousand metric tons by 2028. The projected average annual growth rate (CAGR) over the next five years is approximately 0.93%, indicating modest growth in the sector. A noteworthy forecast trend is the slight increase in production levels, signaling incremental growth and stability.
Future trends to watch for include potential impacts of market demands, changes in consumer preferences towards mutton and goat meat, and advancements in farming techniques. Additionally, monitoring policy changes or economic factors that could affect livestock farming will be crucial for accurate future predictions.
