The import of rubber surgical gloves to South Korea has shown a mix of fluctuations and growth over the past decade. In 2023, the value of imports stood at 24.543 million US dollars, following a slight increase of 2.96% from the previous year. Historical data reveal significant variability, with notable declines in 2015 and 2016 but a steady comeback through 2021. The last two years saw a mild dip and recovery, indicative of market adjustments post-pandemic.
- The year-on-year (YoY) growth for 2022 was -6.26%, reflecting a decrease.- The YoY growth for 2023 was 2.96%, signifying a mild recovery.- The compound annual growth rate (CAGR) over the past five years was 2.56%.
Forecasted trends predict a steady increase, with the market expected to grow to 27.984 million US dollars by 2028, showing a forecasted 5-year CAGR of 1.95%. Future trends to watch for include potential shifts in global trade policies, advancements in medical technology, and changes in health care infrastructure, which could impact import levels.
