The forecasted imports show a consistent upward trend from 2024 to 2028. The year-on-year variations are as follows:
- 2025: 1.993% increase
- 2026: 1.912% increase
- 2027: 1.844% increase
- 2028: 1.771% increase
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.88%.
Considering the steady growth in imports, the demand for tufted carpets and floor coverings in South Korea is expected to rise. Factors such as increasing urbanization, residential and commercial construction activities, and evolving consumer preferences towards quality home décor are likely to drive this growth. Monitoring economic indicators and changes in trade policies will be crucial for predicting future market dynamics.
