Key Market Indicators
**Korean Aromatics Export Set for Steady Growth** Korean aromatics exports are projected to reach approximately $1.8 million by 2028, up from around $1.5 million in 2023. This marks an average annual growth rate of 3.5%. Since 1993, the country's supply has seen a modest annual increase of 1.1%. In 2023, South Korea held the 11th position in global aromatics exports, with France surpassing it at the same valuation of $1.5 million. China, India, and Japan occupied the second, third, and fourth spots, respectively. **Rising Korean Aromatics Import** On the import side, South Korea's demand for aromatics is expected to climb to about $6.5 million by 2028, up from roughly $5.9 million in 2023. This translates to an average annual growth rate of 1.7%. Since 1993, the country's demand for aromatics has risen significantly, with an annual increase of 4.9%.
