Farming & forest product market size in South Korea 2012-2018

In 2018, the market size for agricultural and forest products amounted to about 31.78 trillion South Korean. This is an almost eight percent increase when compared to the previous year, and the highest figure since 2013, when the market was worth approximately 35.82 trillion won. The five-year average growth rate was -0.08 percent.

Estimated size of the agriculture and forest product market in South Korea from 2012 to 2018

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Source

Release date

December 2019

Region

South Korea

Survey time period

2012 to 2018

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 equal 0.84 U.S. dollars and 0.76 euros (as of February 2020).

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