Between 2012 and 2022, beef production in South Korea reached values between 312,000 and 335,000 tonnes per year, with production expected to reach 321,000 tonnes in 2022. The market growth rate (year-on-year) during the period described ranged from -14.2% (2016) to +11.43% (2012).
Beef production in South Korea between 2012 and 2022 does not exceed 344,000 tonnes annually.
Between 2012 and 2022, beef consumption in South Korea reached values between 633,000 and 915,000 tonnes per year, with consumption expected to reach 915,000 tonnes (record) in 2022. The consumption growth rate (year-on-year) during the period described ranged from +0.28% (2016) to +6.19% (2021).
Beef consumption in South Korea has been increasing from 2012 to 2022 and is almost three times higher than domestic production.
Between 2012 and 2022, South Korean beef exports to other markets were essentially non-existent (from 2017 onwards, not at all). Imports between 2012 and 2022 ranged from 320,000 tonnes (2012) to 595,000 tonnes (2022).
Beef imports to South Korea between 2012 and 2022 show a steady increase due to increased consumption and insufficient domestic production.