An analysis of sorghum production in South Korea shows a steady increase from 2013 to 2023, with a consistent positive trend over the years. In 2023, the production stood at 2.81 thousand metric tons. The year-on-year variations highlight some fluctuations, such as a notable drop in 2020 by -4.41%, but generally reveal a stable upward trend. Over the last five years, the Compound Annual Growth Rate (CAGR) has been approximately 0.7%.
Looking ahead, the forecasted data predicts a continued gradual increase in production, with a 5-year CAGR of 0.51% and an overall growth rate of 2.6% by 2028. South Korea's sorghum production is expected to maintain its positive trajectory.
Future trends to watch for include:
- Impact of climate change on agricultural yields.
- Technological advancements in farming practices.
- Market demand shifts for sorghum and its derivatives.
