The corn supply in South Korea is forecasted to follow a steady upward trend from 2024 to 2028. Starting with 13.94 million metric tons in 2024, the supply increases annually, reaching 14.65 million metric tons by 2028. When analyzing the year-on-year percentage variations, the growth rates of corn supply are relatively moderate, indicating a stable and sustained increase in supply. The compound annual growth rate (CAGR) over the five-year period is expected to be a consistent number, illustrating an average annual increase in supply.
Future trends to watch for include potential changes in domestic agricultural policies, global corn market shifts, and technological advancements in farming which could affect supply stability and growth rates. Additionally, environmental factors such as climate change and unpredictable weather patterns could impact future corn yields and supply continuity.
