The fisheries production volume in South Korea stood at 3.8043 million metric tons in 2023. Over the past decade, the production has shown fluctuations, with notable dips in 2016 and rebounds in subsequent years, such as 2017. The production increased year-on-year by 0.87% in 2021, 0.83% in 2022, and 0.81% in 2023. The final forecast for 2028 expects a production volume of 3.9532 million metric tons, reflecting a forecasted 5-year CAGR of 0.61%, indicating consistent but modest growth.
Future trends to watch for:
- Technological advancements and their impact on fishing efficiencies and sustainability.
- Changes in government policies and their influence on fisheries management and conservation.
- Global market demands and their effects on export levels and pricing strategies.
- Environmental factors such as climate change that may impact fish populations and habitats.
