The forecast for the planted area of tangerines and mandarins in South Korea from 2024 to 2028 shows a slight declining trend. Specifically, the area planted decreases marginally from 19.84 thousand hectares in 2024 to 19.7 thousand hectares in 2028. This equates to an average compound annual growth rate (CAGR) of approximately -0.18% over the five-year period, indicating a stable but slightly contracting market. Comparing the years 2023 to 2024 and 2024 to 2025, the year-on-year variation is minimal, showing a slight decrease of around -0.2% annually.
Future trends to watch for:
- Advances in agricultural technology could lead to increased yield per hectare, partially offsetting the decrease in planted area.
- Shifts in consumer preferences towards organic or locally-sourced produce might influence planting decisions and market dynamics.
- Potential impacts of climate change could alter growing conditions, thereby affecting both productivity and planted areas.
