The forecast for the import of Propyl Alcohol and Isopropyl Alcohol to South Korea reveals a downward trend from a value of 13.424 million kilograms in 2024 to 11.404 million kilograms in 2028. Comparing this with the 2023 figure, which stood at 13.934 million kilograms, we observe a series of year-on-year decreases. The percentage variations from 2023 to 2024 is -3.66%, followed by -3.87% from 2024 to 2025, -3.96% from 2025 to 2026, -4.04% from 2026 to 2027, and -4.13% from 2027 to 2028. This showcases a consistent decline with a Compound Annual Growth Rate (CAGR) of approximately -4% over this period.
Future trends to watch for include potential shifts in demand due to industrial changes, economic factors, and advancements in alternative chemicals or technologies that could influence the import volumes of these chemicals. Additionally, global market conditions and trade policies could play significant roles in shaping these forecasts.
