Rapeseed production in South Korea stood at 781.5 metric tons in 2023. Forecasts indicate a consistent decline in production over the next five years, dropping to 729.5 metric tons in 2024 and further decreasing to 536.2 metric tons by 2028. Year-on-year variations show a negative trend, with a significant reduction in production each year: 6.8% in 2025, 7.2% in 2026, 7.6% in 2027, and 8.1% in 2028. The compound annual growth rate (CAGR) over the five years is -6.9%, indicating a steady decline in rapeseed production.
Future trends to watch for include potential impacts of climate change on crop yields, changes in agricultural policies, and shifts in domestic and global market demand for rapeseed. Additionally, advancements in agricultural technology and practices could influence future production levels, either mitigating the decline or further accelerating it.