In 2023, South Korea imported 67 million kilograms of photosensitive, photovoltaic, and LED semiconductor devices. The forecasted imports for the years 2024 through 2028 show a consistent upward trend:
Year-on-year variation in volume:
- 2024: 4.25%
- 2025: 4.38%
- 2026: 4.11%
- 2027: 3.87%
- 2028: 3.66%
The average yearly growth rate (CAGR) over the 5-year period is approximately 4.05%. The imports are set to increase from 69.85 million kilograms in 2024 to 81.736 million kilograms in 2028.
Future trends to watch for include advancements in semiconductor technology, increased demand for renewable energy solutions, and shifts in global trade policies that could impact import volumes. Additionally, South Korea's domestic production capacity and investments in semiconductor R&D may also influence future import dependencies and trends.
