The import value of air conditioners with reverse cycle refrigeration to South Korea in 2023 stood at 9.87 million USD. Forecasted data indicates a gradual decline from 2024 through 2028. The year-on-year variations show a consistent decline, with 2025 expected to see a -1.9% decrease, 2026 a -1.9% decrease, 2027 a -1.9% decrease, and 2028 a -1.9% decrease. The Compound Annual Growth Rate (CAGR) over the 5-year forecast period is estimated at around -1.92%.
Future trends to watch for include advancements in energy-efficient technologies, potential fluctuations in the global supply chain, and shifts in consumer preferences towards more sustainable cooling solutions. Additionally, government regulations and incentives for environmentally friendly products could significantly influence import levels.
