Barley Market in South Korea
In value terms, barley production skyrocketed to $ in estimated in export price. Over the period under review, production, however, showed a deep setback. The pace of growth was the most pronounced in 2016 when the production volume increased by % against the previous year. Barley production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
In , the average barley yield in South Korea stood at tons per ha, growing by % on . Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of %. Over the period under review, the average barley yield reached the maximum level at tons per ha in 2008; however, from 2009 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of barley production in South Korea totaled ha, growing by % compared with the year before. Over the period under review, the harvested area, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of %. The barley harvested area peaked at ha in 2008; however, from 2009 to , the harvested area remained at a lower figure.
The value of the barley market in South Korea surged to $ in , growing 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). Overall, consumption, however, showed a perceptible reduction. Barley consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.