South Korea: Poultry and Products Annual

Chicken production in South Korea will continue its gradual growth trend through 2024 and into 2025, as poultry inventories recover from productivity challenges in 2023 and fend off a 2024 outbreak of HPAI. Chicken consumption in the market is stable and strong, with demographic factors and food price inflation shifting consumption patterns away from eating out and toward purchasing convenience foods to eat at home. Imports are expected to remain around 200,000 MT per year in 2025 and 2024, dipping over 25 percent from a record high in 2023 following the expiration of emergency tariff rate quotas (TRQs). Exports of processed poultry will continue to rise as the government secures access to additional markets for signature K-food dishes like chicken ginseng soup (samgyetang).