The whole fresh cow milk yield in South Korea has shown a declining trend over the past decade. From 2013 to 2017, the yield fluctuated slightly but remained relatively stable. However, starting in 2018, there has been a noticeable decline, with the yield dropping from 88.88 thousand hectograms per animal to 86.4 thousand hectograms per animal in 2023. This represents a year-on-year decline of approximately 0.92% for 2023. When looking at the five-year CAGR, the average annual decline has been around 0.57% from 2019 to 2023. Forecasts predict continued decline, with a projected yield of 82.64 thousand hectograms per animal by 2028 and a five-year CAGR of -0.71% from 2024 to 2028.
Future trends to watch for include advancements in dairy farming technologies and enhancements in cow nutrition and healthcare, which could potentially stabilize or reverse the declining trend in milk yield. Additionally, economic factors, changes in local demand, and international trade policies may also play significant roles in shaping the future of milk production in South Korea.
