The import volume of ceramic pipes, conduits, guttering, and fittings to South Korea has displayed a general downward trend from 2013 to 2023, declining from 857.97 thousand kilograms to 612.2 thousand kilograms in 2023. Over the last two years, the year-on-year variation showed a negative trend with -3.43% in 2022 and -3.48% in 2023. The 5-year CAGR ending in 2023 is -3.9%.
Future import volumes are forecasted to continue on a downward trajectory, with projections dipping from 587.95 thousand kilograms in 2024 to 496.88 thousand kilograms by 2028. The forecast for the next five years reveals an average annual decline (CAGR) of -3.31%, signifying an overall decrease of 15.49% over the period.
Key Trends:
- Stable year-on-year declines in recent years.
- Consistent reduction in import volume projected through 2028.
Future Trends to Watch:
- Potential influence of global trade policies and tariffs.
- Advancements in alternative materials and technologies.
- Economic conditions affecting the construction and manufacturing sectors.
