In 2023, the import value of glass and glassware to South Korea stood at 2.2312 billion US dollars. The data shows a consistent decline from 2013 till 2023, with a few minor increases in intervening years. The year-on-year variation from 2022 to 2023 indicates a slight decrease of 0.62%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) has been around -0.65%, reflecting an overall negative trend in import volumes.

Future trends to watch for:

Continued gradual decline in import values, with projections showing a CAGR of approximately -0.53% from 2024 to 2028.
Potential impacts of economic factors, changes in domestic production, and shifts in market demand that could influence import levels.
Developments in trade policies and international relations that may affect import costs and quantities.