Between 2013 and 2023, citrus production in South Korea exhibited variability. Starting from 656.38 thousand metric tons in 2013, it showed significant fluctuations with years of growth and decline in between. For instance, it reached a peak of 723.43 thousand metric tons in 2014 but later saw a downward trend, arriving at 636.03 thousand metric tons in 2023. The year-on-year variations were marked by ups and downs, including substantial drops in 2015 (-11.39%) and 2020 (-6.44%), and notable increases in 2014 (10.21%) and 2021 (5.25%). The last five years of actual data recorded a positive yet modest CAGR of 0.44%.
Looking forward to the forecast period from 2024 to 2028, the production is expected to remain relatively stable, with only minor decreases each year. The forecasted 2028 production stands at 635.54 thousand metric tons, translating to a virtually negligible CAGR of -0.01%, indicating stability with slight declines.
Future trends to watch for include:
- Potential impact of climate change on citrus yields.
- Technological advancements in agricultural practices.
- Changes in domestic and international market demands.
- Government policies and subsidies affecting citrus farming.
