The forecast for swine meat production in South Korea from 2024 to 2028 demonstrates a gradual increase, with production expected to rise from 1.42 million metric tons in 2024 to 1.49 million metric tons in 2028. In 2023, swine meat production stood at 1.40 million metric tons, indicating a consistent upward trend.
Year-on-year variations are modest, ranging between 0.69% and 1.36%. Over the last two years, the production has shown a cumulative increase of approximately 1.43%. The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 is projected to be around 1.22%, marking a steady growth trajectory.
Future trends to watch for include technological advancements in livestock management, potential changes in consumer preferences towards alternative protein sources, and the impact of trade policies on meat exports and imports. Monitoring these factors will be crucial for adjusting forecasts and planning strategically.
