From 2013 to 2023, the import of toothbrushes to South Korea has shown a steady growth with some fluctuations. The value stood at $176.67 million in 2023. Key highlights include a notable spike in 2016 with a 24.14% year-on-year increase, and a slight decrease in 2020. On average, the compounded annual growth rate (CAGR) over the past five years was 3.84%. Forecasts indicate continuous growth, with imports expected to reach $207.21 million by 2028, implying a 13.18% growth rate and a 5-year CAGR of 2.51%.
Future trends to watch for:
- Technological advancements and innovations in toothbrush products.
- Consumer preferences shifting towards eco-friendly and sustainable products.
- Potential supply chain disruptions affecting import patterns.