The forecast for the import of Ferro-Silico-Manganese to South Korea from 2024 to 2028 shows a steady increase in volume, starting from 126.19 million kilograms in 2024 to 133.34 million kilograms in 2028. In 2023, the actual import volume stood at 124.35 million kilograms. Year-on-year, the variation shows a consistent rise:
• 2024: +1.48%
• 2025: +1.46%
• 2026: +1.41%
• 2027: +1.36%
• 2028: +1.32%
Over the last two years, the average annual growth rate (CAGR) is approximately 1.41%, indicating a moderate but stable expansion in import volume.
Future trends to watch for include potential fluctuations in global Ferro-Silico-Manganese prices, changes in South Korea's steel production capacity, and shifts in trade policies that may impact the import dynamics.
