The forecasted import of Propene (Propylene) to South Korea shows a significant decrease from 2024 to 2028. In 2023, the import volume stood at 74 million kilograms. Year-on-year variations indicate a decline of 25% from 2023 to 2024, 25% from 2024 to 2025, 33% from 2025 to 2026, 48% from 2026 to 2027, and a drastic 90% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is –52%, indicating a sharp downward trend.
Future trends to watch for: - Emerging domestic production, potentially reducing the need for imports. - Shifts in global supply chains and trade policies. - Advances in alternative materials or technologies that could displace propene demand. - Environmental regulations impacting propene trade and consumption patterns.
