In 2023, the import value of Stone, Plaster, Cement, Asbestos, and Mica to South Korea was recorded at $1.879 billion USD. The forecasted data for the upcoming years show a steady increase. From 2024 to 2028, the import values are predicted to grow from $1.928 billion to $2.113 billion. Year-on-year variations for these years illustrate consistent growth: 2.4% in 2024, 2.5% in 2025, 2.4% in 2026, 2.3% in 2027, and 2.2% in 2028. The Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 2.36%.
Future trends to watch for include:
- Potential changes in trade policies that could impact the import of these materials.
- Economic conditions which may affect construction and manufacturing demands.
- Technological advancements in alternative materials that might reduce the reliance on traditional imports.