The agricultural area designated for arable and permanent cropland in South Korea has been experiencing a steady decline over the years. In 2023, the value stood at 1.58 million hectares. From 2013 to 2023, the majority of the year-on-year variations showed a negative trend with notable fluctuations. Specifically, over the last two years, the variations have been consistently negative with a close to 1% decline each year. The compound annual growth rate (CAGR) for the last 5 years has averaged -1.01%, reflecting a broader trend of decreasing agricultural land area.
Looking ahead, trends indicate a continued decline in arable and permanent cropland area, with the forecasted values showing a CAGR of -0.81% from 2024 to 2028, amounting to an overall growth rate decline of -3.97% over this period.
Future trends to watch for:
- Potential impacts of urbanization and industrial expansion on agricultural land use.
- The effects of government policies and initiatives aimed at preserving agricultural land.
- Technological advancements in agriculture that may influence land efficiency and usage.
- Environmental and climate change factors affecting land availability and productivity.
