In 2023, the export volume of Acrylonitrile from South Korea stood at 264.96 million kilograms. Over the previous 10 years, the export volume demonstrated variability, with observed fluctuations such as the significant drops in 2014 and 2018, and notable recovery periods, especially in 2021 with a 22.47% increase. Year-on-year analysis for 2022 and 2023 showed minor positive growth of 1.59% and 1.54% respectively, indicating a stabilization in the market. Over the past five years, the Compound Annual Growth Rate (CAGR) has averaged 2.74%, reflecting a modest but steady increase. Going forward to 2028, the export volume is forecasted to grow at an average rate of 1.2% per year, culminating in a projected total volume of 285.9 million kilograms.
Future trends to watch for include potential fluctuations in global demand for Acrylonitrile, shifts in trade policies, and advancements in production technology. Additionally, monitoring changes in the global petrochemical market will be critical as they could significantly impact South Korea's export dynamics.
