Based on the provided data, the import of aircraft parts to South Korea is forecasted to grow steadily from 2024 to 2028. The values are given in million kilograms, with the imports expected to increase from 1.559 million kg in 2024 to 1.6833 million kg in 2028. For a reference point, data from 2023 stood at 1.529 million kg. The year-on-year percentage variations show incremental growth, indicating a stable upward trend in import volumes:
- 2024: +1.96% compared to 2023
- 2025: +2.05% compared to 2024
- 2026: +1.97% compared to 2025
- 2027: +1.89% compared to 2026
- 2028: +1.82% compared to 2027
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 averages around 1.94% per year. This indicates sustained and stable growth in the import of aircraft parts.
Future trends to watch for include technological advancements in aircraft engineering, potential trade policy changes, and the global economic environment impacting the aviation industry. Any significant innovations or disruptions in these areas may alter the forecasted growth trajectory.
