Key Market Indicators
South Korea's antibiotics import market is projected to grow steadily over the next five years. According to recent data, imports are expected to rise from approximately $240 million in 2023 to nearly $252 million by 2028. This represents an average annual growth rate of 0.6%. The upward trend in antibiotics demand has been consistent since 1993, with an average yearly increase of 0.7%. On the export front, South Korea is also set to see significant growth. Antibiotics exports are forecast to climb from around $264 million in 2023 to about $278 million by 2028. This marks an annual compound growth rate of 0.7%. Since 1993, the supply of antibiotics from South Korea has shown a more robust increase, averaging a 1.6% rise each year.
