The historical trends of marine and partly-marine species aquaculture production in South Korea reveal a fluctuating but generally upward trajectory, growing from 1.52 million metric tons in 2013 to 2.39 million metric tons in 2023. Notable year-on-year variations include sharp increases in 2016 (10.9%) and 2017 (25.74%), a significant milestone period. Conversely, fluctuations such as the slight declines in 2018 (-2.48%) and 2020 (-2.98%) show market volatility. Over the last five years, the CAGR has been modest at 1.12%, indicating stabilized growth.
Current forecasts suggest minor annual increments, projecting the production to reach 2.43 million metric tons by 2028 with a forecasted 5-year CAGR of just 0.22%. Key recent variations include slight increases in 2022 (0.76%) and 2023 (0.6%).
Future trends to watch for include advancements in aquaculture technology, regulatory changes, and environmental sustainability practices, which collectively will influence market dynamics. Additionally, global economic factors and domestic consumption patterns could impact future growth rates.
