Forecast: Natural Honey Yield in South Korea

Based on the historical data from 2013 to 2022:

  • 2013: 140 hectograms
  • 2014: 130 hectograms (-7.14% YoY, -1.61% CAGR)
  • 2015: 140 hectograms (+7.69% YoY, 0.58% CAGR)
  • 2016: 150 hectograms (+7.14% YoY, 2.9% CAGR)
  • 2017: 114 hectograms (-24% YoY, -3.61% CAGR)
  • 2018: 120 hectograms (+5.26% YoY, -3.04% CAGR)
  • 2019: 138 hectograms (+15% YoY, 1.2% CAGR)
  • 2020: 133 hectograms (-3.62% YoY, -1.02% CAGR)
  • 2021: 133 hectograms (0% YoY, -2.38% CAGR)
  • 2022: 133 hectograms (0% YoY, 3.13% CAGR)

Projections indicate:

  • 2023: 134 hectograms (+0.75% YoY, 2.23% CAGR)
  • 2024: 134 hectograms (forecast)
  • 2025-2028: 135 hectograms (forecast with 0.15% CAGR over 5 years, +0.75% growth rate)

Notably, the forecast over the next five years shows stabilization with a slight upward trend in natural honey yield. Future trends to watch will include environmental factors, agricultural policy changes, and technological advancements in apiculture, which could impact yield sustainability and growth.

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