The import of non-wired cast glass sheets to South Korea has demonstrated several dynamic shifts over the past decade. In 2023, the volume stood at 39.745 million kilograms. Over the last two years, the year-on-year variation was positive, with increments of 0.75% in 2022 and 0.73% in 2023. The compound annual growth rate (CAGR) observed for the past five years reached 1.73%. Looking ahead, the forecasted data predicts a moderate average annual growth rate (CAGR) of 0.59% over the next five years, leading to a cumulative increase of 2.97% by 2028.
Future trends to watch:
- Technological advancements in casting glass sheets.
- Potential shifts in demand due to environmental regulations.
- Global trade policies affecting import costs and accessibility.
- Emergence of competitive domestic production alternatives.
