Over the past decade, poultry meat production in South Korea has experienced fluctuations, beginning at 792.0 thousand metric tons in 2014 and increasing to 908.0 thousand metric tons in 2023. Despite some periods of decline, such as in 2017 and 2020, the general trend has been positive, with a year-on-year growth of 0.67% in 2023 and a CAGR of 0.51% over the past five years.
From 2024 onwards, forecasts suggest continuous incremental growth in production, reaching 939.4 thousand metric tons by 2028. The projected average annual growth rate (CAGR) for the next five years is approximately 0.54%, indicating a steady rise in production levels.
Future trends to watch for:
- Technological advancements in poultry farming and processing that could enhance efficiency and productivity.
- Changes in domestic consumption patterns influenced by health and environmental concerns.
- Potential impacts of international trade agreements and export opportunities.
- Government policies and regulations affecting the poultry industry.
