In 2022, the food market size in South Korea amounted to around 209.23 trillion South Korean won, increased from about 188.83 trillion in the previous year. Overall, the size of the food market increased throughout the years.
In order to calculate the size of the food market, the following formula was applied:
Market size = (Production value) - (Export value) + (Import value)
Food in this statistic may include processed food, health functional food and agricultural & fishery products.
Note: 1,000 South Korean won equals 0.76 U.S. dollars or 0.70 euros as of January 2024.
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MFDS (South Korea). (December 28, 2023). Size of the food market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/780548/south-korea-food-market-size/
MFDS (South Korea). "Size of the food market in South Korea from 2012 to 2022 (in trillion South Korean won)." Chart. December 28, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/780548/south-korea-food-market-size/
MFDS (South Korea). (2023). Size of the food market in South Korea from 2012 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/780548/south-korea-food-market-size/
MFDS (South Korea). "Size of The Food Market in South Korea from 2012 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 28 Dec 2023, https://www.statista.com/statistics/780548/south-korea-food-market-size/
MFDS (South Korea), Size of the food market in South Korea from 2012 to 2022 (in trillion South Korean won) Statista, https://www.statista.com/statistics/780548/south-korea-food-market-size/ (last visited October 31, 2024)
Size of the food market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph], MFDS (South Korea), December 28, 2023. [Online]. Available: https://www.statista.com/statistics/780548/south-korea-food-market-size/