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Farming & forest product market size in South Korea 2012-2021

Published by
Won So,
Jan 4, 2023
In 2021, the market size for agricultural and forest products amounted to about 35.11 trillion South Korean. This is an increase of around 16.06 percent compared to the previous year. The five-year average growth rate stood at 4.52 percent.

Size of the agriculture and forest product market in South Korea from 2012 to 2021 (in trillion South Korean won)

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Release date

December 2022

Region

South Korea

Survey time period

2012 to 2021

Supplementary notes

In order to estimate the market size of the agriculture and forest products, the following formula was applied:
Market size = (Production value) - (Export value) + (Import value)

Note: 1,000 South Korean won equals 0.78 U.S. dollars or 0.74 euros as of January 2023.

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Overview

6

Farming

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Fishing

5

Forestry

5

Trends

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