The import of mould bases to South Korea is forecasted to increase steadily from 2024 to 2028, starting at $7.684 million in 2024 and reaching $7.8994 million by 2028. This gradual rise indicates a stable demand with a slight annual growth rate. In 2023, the import value stood at $7.630 million, showcasing a modest year-on-year increase trend when comparing subsequent years: approximately 0.72% from 2023 to 2024, 0.72% from 2024 to 2025, 0.70% from 2025 to 2026, 0.69% from 2026 to 2027, and 0.67% from 2027 to 2028.
Based on this forecast, the Compound Annual Growth Rate (CAGR) over these five years is expected to reflect a consistent incremental growth of about 0.70% annually.
Future trends to watch for include potential increases in technological advancements in mould-making processes, shifts in global trade policies, and fluctuations in the exchange rates influencing import costs. Additionally, market demand affected by South Korea's manufacturing sector performance will be critical in shaping future import trends.
