The import of chenille fabric of manmade fibers to South Korea has shown significant growth over the past decade. From a modest 5.48 thousand kilograms in 2013, imports surged to 509.74 thousand kilograms by 2023, reflecting substantial year-on-year variations and longer-term growth trends. Notably, between 2013 and 2020, imports fluctuated, showcasing both significant annual increases and occasional declines. The imports rebounded strongly between 2021 and 2023, with annual growth rates of 25.78%, 4.13%, and 3.89%, respectively.

Looking ahead, the forecasted data from 2024 to 2028 suggests a continued upward trajectory, with imports expected to reach 609.38 thousand kilograms by 2028. The compound annual growth rate (CAGR) over the last five years is estimated at 4.66%, while the future five-year CAGR is projected at 2.8%. This indicates a steady but more moderate growth pace in the upcoming years.

Future trends to watch for:

Potential impacts of trade policies and tariffs on import volumes.
Technological advancements in manmade fiber production and their influence on fabric demand.
Shifts in consumer preferences towards sustainable and eco-friendly materials.
Global economic conditions affecting purchasing power and import capacities.