In 2023, the production of truffles and mushrooms in South Korea stood at 20.98 thousand metric tons, marking a slight decline of 0.8% from the previous year. Over the last two years, the production has shown minimal fluctuation, with declines of 0.81% in 2022 and 0.8% in 2023. Analyzing the Compound Annual Growth Rate (CAGR) over the last five years, the production has decreased by an average of -0.89% annually.
From 2013 to 2018, the production witnessed both increases and significant declines, with notable drops in 2013 and 2018, and a peak in 2015. The period from 2018 to 2023 saw relatively stable production levels with minor variations year-on-year.
Looking forward, the forecast projects a steady decline in production, with an average annual decrease of -0.68% over the next five years, culminating in a total decline of -3.36% by 2028.
Future trends to watch for:
- Technological advancements in agriculture potentially increasing yield efficiency.
- Changes in consumer demand both domestically and internationally affecting production levels.
- Government policies and subsidies geared towards supporting agricultural sectors that could stabilize or boost production.
