From 2013 to 2023, the import of chemical preparations for photographic use in South Korea has shown significant fluctuations. The value dropped from 479.68 million USD in 2013 to a low of 348.63 million USD in 2016, before experiencing an upwards trend peaking at 459.85 million USD in 2023. Year-on-year variations indicate volatility, with notable decreases seen in 2015 at -16.58% and 2020 at -15.98%. However, recent years have shown more stability and a slight upward trend with increases of 1.15% in 2022 and 1.11% in 2023. The compound annual growth rate (CAGR) also reflects this stability with a relatively modest 0.12% CAGR over the last five years.
Forecasted data suggests a continued gradual increase in import value, reaching 486.28 million USD by 2028, with a forecasted 5-year CAGR of 0.88% and a total growth rate of 4.49% over this period. Future trends to watch for include technological advancements in the photographic industry, changes in global trade regulations, and potential disruptions due to environmental policies affecting chemical production and usage.
