From 2013 to 2023, South Korea's commercial production of table grapes experienced a significant decline from 268.6 thousand metric tons to 135.77 thousand metric tons. Particularly notable were the substantial reductions in 2014, 2016, and 2023, with year-on-year declines of 16.72%, 17.01%, and 18.16%, respectively. From 2014 to 2023, the compound annual growth rate (CAGR) averaged -4.21%, underscoring a persistent downward trend.
The forecast for 2024 to 2028 indicates a continuation of this declining trend, with the production volume expected to fall to 84.64 thousand metric tons by 2028. The forecasted CAGR for this five-year period is -7.55%, reflecting an accelerated decrease in production.
Future trends to watch for:
- Impact of climate change and extreme weather on grape harvests.
- Technological advancements in agriculture that could improve yields.
- Changes in domestic demand and international competition affecting market dynamics.
