The import of commercial dish washing machines to South Korea has experienced fluctuations over the past decade. Starting from a high of 117.3 thousand kilograms in 2013, the values have seen several ups and downs. By 2023, the figure stood at 93.13 thousand kilograms, reflecting a general decline. The year-on-year variation has shown notable spikes and dips, such as the -21.02% fall in 2016 and the 17.31% rise in 2017. Over the last two years (2022-2023), imports fell slightly by 0.93%. The CAGR over the last five years is -0.36%, indicating a slow but steady decrease in imports.
Looking ahead, the projected figures indicate a continued gradual decline with the 2028 forecast at 88.68 thousand kilograms. This suggests a negative forecasted 5-year CAGR of -0.8% and a projected overall growth rate of -3.93%.
Future trends to watch for include potential shifts in South Korea's economic policies, technological advancements in local manufacturing, and changes in the hospitality sector, which may impact import demands.
