The value added of non-ferrous metals in South Korea fluctuated notably over the past decade. From 2013 to 2016, it experienced minimal growth and declines, peaking in 2016. A significant drop occurred in 2018-2020, followed by a recovery phase from 2021 to 2023, where the value stood at 7.1745 trillion South Korean Wons, representing a 1.7% year-on-year increase. The 5-year CAGR leading to 2023 was 2.9%. Future forecasts suggest moderate growth with a 5-year CAGR of 1.32%, anticipating a value of 7.8004 trillion won by 2028.

Future Trends to Watch For:

Technological advancements driving efficiency in non-ferrous metal production.
Global economic factors influencing metal demand and prices.
Policy changes focused on environmental regulations and sustainable practices.
Increased investment in renewable energy sectors that rely heavily on non-ferrous metals.