The production of poultry meat in South Korea has exhibited a general upward trend over the past decade, increasing from 710.03 thousand metric tons in 2013 to 1041.2 thousand metric tons in 2023. The highest annual growth observed was in 2014, with an 11.55% year-on-year increase. There were minor setbacks in 2017 and 2020 with decreases of 5.65% and 3.18%, respectively. Despite these fluctuations, the overall trend indicates continued growth with a compound annual growth rate (CAGR) averaging between 2.62% and 5.26% over various periods. The most recent years reflected more stable growth, with 2.3% and 2.41% increases for 2023 and 2022, respectively.
The forecast for the next five years suggests an average annual growth rate of 1.75%, resulting in a 9.07% overall increase by 2028, reaching 1163.7 thousand metric tons. Trends to watch for include potential influences from changes in consumer preferences, advancements in poultry farming technology, and any regulatory impacts which could affect production levels.
