The forecast for ethylene imports to South Korea shows a declining trend from 2024 to 2028, with volumes decreasing from 113.75 million kilograms in 2024 to 103.36 million kilograms in 2028. Compared to 2023, where the volume stood at 116 million kilograms, the year-on-year variations indicate a consistent reduction. The percent decrease from 2023 to 2024 is approximately 1.93%, from 2024 to 2025 is 2.36%, from 2025 to 2026 is 2.36%, from 2026 to 2027 is 2.37%, and from 2027 to 2028 is 2.38%. The compound annual growth rate (CAGR) over the five-year period (2023-2028) shows an average yearly variation of around -2.31%.
Future trends to watch for include potential fluctuations in global ethylene production, shifts in South Korea's domestic production capacity, changes in demand from key industries like plastics and chemicals, trade policy adjustments, and potential innovations or disruptions in raw material sourcing. Monitoring these factors will be crucial for predicting further changes in ethylene import volumes.
