Durum Wheat Market in South Korea
In value terms, durum wheat production shrank to $ in estimated in export price. Overall, production, however, recorded modest growth. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Durum wheat production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
In , the average yield of durum wheat in South Korea declined to tons per ha, dropping by -% against the previous year's figure. Over the period under review, the yield showed a pronounced descent. The pace of growth was the most pronounced in 2016 when the yield increased by % against the previous year. Over the period under review, the average durum wheat yield reached the maximum level at tons per ha in 2008; however, from 2009 to , the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the durum wheat harvested area in South Korea reached ha, picking up by % against the previous year. Over the period under review, the harvested area posted a prominent increase. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. The durum wheat harvested area peaked at ha in 2011; however, from 2012 to , the harvested area remained at a lower figure.
The value of the durum wheat market in South Korea dropped notably to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt decline. Durum wheat consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.