Based on the dataset provided, the import of corrugated paper and paperboard to South Korea has shown significant fluctuations over the past decade. From 2013 to 2018, there was a dramatic increase in imports, with a peak annual growth rate of 150.67% in 2017. However, from 2019 onwards, the growth rate declined, with negative year-on-year changes in 2019 and 2020. From 2021, the imports resumed an upward trend, peaking in 2023 at 9,429.5 thousand US dollars, reflecting a year-on-year growth of 5.86% and a CAGR of 4.25% over the last five years.
Looking ahead, the forecast suggests continued growth in imports, reaching 12,156.0 thousand US dollars by 2028, with a projected five-year CAGR of 3.98% and an overall growth rate of 21.53%. Future trends to watch for include potential market saturation, shifts in global supply chains, and environmental regulations impacting the corrugated paper and paperboard industry.
