The production of nuts in South Korea has shown a declining trend over the past decade. From 2014 to 2023, the production decreased from 79.0 to 70.0 Thousand Metric Tons, showing a consistent downward trajectory. In 2023, it stood at 70.0 Thousand Metric Tons, a 1.41% decrease from 2022. The last five years saw an average decline of 0.84% per year.
In the next five years, the forecast indicates a continued decline in production, with the CAGR expected to be -0.57%. By 2028, the overall growth rate is projected to decrease by 2.8% from 2023 levels.
Future trends to watch for include potential impacts from climate change on nut cultivation, technological advancements in agricultural practices, and shifts in domestic and international demand for nuts.
