As of 2023, wheat consumption in South Korea stood at 2.45 million metric tons. Forecasted data from 2024 to 2028 shows a consistent upward trend in wheat consumption:
- 2024: 2.47 million metric tons (0.82% increase from 2023)
- 2025: 2.49 million metric tons (0.81% increase from 2024)
- 2026: 2.50 million metric tons (0.40% increase from 2025)
- 2027: 2.52 million metric tons (0.80% increase from 2026)
- 2028: 2.54 million metric tons (0.79% increase from 2027)
CAGR over the 5-year forecast period is approximately 0.72%.
Future trends to watch for include changes in dietary preferences, potential impacts of climate change on wheat production, and trade dynamics that could influence import strategies. Monitoring these factors will help in adjusting forecasts accurately.
