The import of articles of bedding to South Korea is forecasted to increase steadily over the next five years. From an estimated $369.82 million in 2024, the value is projected to reach $424.54 million by 2028. This represents a consistent year-on-year growth rate, with the value increasing annually by approximately 3.8% from 2024 to 2025, by 3.6% from 2025 to 2026, by 3.4% from 2026 to 2027, and by 3.2% from 2027 to 2028. This sets a Compound Annual Growth Rate (CAGR) of approximately 3.5% over the five-year forecast period.
Looking back, the import value in 2023 stood at $356.31 million. The increase to $369.82 million in 2024 reflects a growth of 3.8% over the previous year, highlighting a positive trend that started in recent years.
Future trends to watch for:
- Changes in consumer preferences towards eco-friendly and organic bedding products.
- Impact of trade policies and tariffs on import prices.
- Advancements in bedding technology and materials, possibly boosting higher-value imports.
- Macroeconomic factors such as currency exchange rates and economic stability.