The forecast indicates a gradual increase in swine meat domestic consumption in South Korea from 2024 to 2028, starting at 2.11 million metric tons (MMT) and reaching 2.24 MMT. Comparing the values from 2023, the year-on-year variation shows a steady growth, with the 2023 value standing at 2.08 MMT. The average annual growth rate (CAGR) over the five-year period is approximately 1.5%.
Future trends to watch for include:
- Changes in dietary preferences and increasing health consciousness among consumers.- The impact of trade policies and tariffs on swine meat imports and exports.- Advances in livestock farming technology and its effects on productivity and supply chain efficiencies.- Potential outbreaks of diseases affecting swine populations and their impact on domestic meat supply. - Economic factors influencing consumer purchasing power and consumption patterns.
