The import of manganese oxides to South Korea has seen fluctuations over the past decade. In 2023, the imports stood at 9.1861 million USD. The year-on-year variation for 2022 and 2023 remained identical at -1.69%. Over the last five years, the Compound Annual Growth Rate (CAGR) was -1.3%. Notable events include significant decreases in 2017 and 2020 with -28.28% and -18.41%, respectively, whereas recovery was observed in 2015 and 2021 with 19.9% and 18.44% respectively. Future trends project a gradual decline with a 5-year forecasted CAGR of -1.49%, reflecting a 7.22% decrease by 2028.
Looking ahead, key trends to watch include price fluctuations in global mineral markets, potential supply chain disruptions, and changes in South Korean industrial demand. Additionally, advancements in alternative technologies could impact manganese oxide imports.
