The import of nuclear reactors, boilers, and machinery to South Korea witnessed fluctuations from 2013 to 2023. Notably, the values declined slightly between 2013 and 2016, showing a downward trend. However, significant growth was observed from 2017 onwards, with a continuous upward trajectory. In 2023, the value stood at 53.058 billion USD, demonstrating a year-on-year increase of 1.85%. Over the last two years, there was sustained growth, indicated by the figures in 2022 and 2023. The compound annual growth rate (CAGR) for the previous five years was 1.75%, indicating moderate but consistent growth.
Future trends to monitor include:
- An anticipated steady increase in imports, projected to reach 58.104 billion USD by 2028.
- The forecasted 5-year CAGR shows a moderate growth rate of 1.43%, indicating a stable yet slow expansion of the market.
- Potential impacts of global economic conditions and technological advancements on the industry.
