The import of chemical preparations for photographic uses to South Korea has been on a declining trend over the past decade. In 2023, the volume stood at 5.6634 million kilograms. Despite some minor fluctuations, the overall trend has been a consistent decrease. For instance, from 2022 to 2023, the year-on-year variation was -6.34%, and over the last five years, the CAGR was -6.07%. Looking ahead, the forecast suggests this declining trend will continue, with the volume expected to drop to 3.6592 million kilograms by 2028, reflecting a 5-year forecasted CAGR of -6.94%, leading to a forecasted 30.2% decrease over this period.
Future trends to watch for include potential technological advancements in digital imaging that may further reduce the demand for traditional photographic chemicals. Additionally, any shifts in global trade policies or changes in the South Korean film and photography market dynamics could also impact future import volumes.
