Forecast: Freshwater Fish Production in South Korea

From 2014 to 2023, South Korea's freshwater fish production has experienced both volatility and growth. While values dipped notably in 2016 and 2020, significant rebounds occurred in 2017, 2021, and 2022. Notably, the production in 2023 stood at 45.42 thousand metric tons, showing a minor year-on-year increase of 1.38%. The compound annual growth rate (CAGR) over the last five years up to 2023 was 1.17%, indicating a modest but consistent upward trend.

Looking into the future, forecasts suggest a steady growth path with production reaching 48.50 thousand metric tons by 2028. The forecasted five-year CAGR is 1.09%, and the total growth rate over these years is expected to be 5.58%, indicating sustained positive momentum.

Trends to watch for include:

  • Potential technological advancements and their impact on production efficiencies.
  • Environmental policies and their implications on fish farming practices.
  • Shifts in consumer preferences towards sustainable seafood options.

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