From 2013 to 2023, South Korea's production of Computer, Electronic, and Optical Products fluctuated, experiencing significant growth in some years and declines in others. Notably, production dipped slightly from 2013 to 2016, then surged in 2017 and continued to grow until a sharp decline in 2020. However, the sector rebounded strongly in 2021 and has been on an upward trend, reaching 392.92 trillion South Korean Wons in 2023.
Year-on-year variations reveal dramatic changes, with a notable -14.75% drop in 2020, followed by a 26.07% rise in 2021. Over the last two years, year-on-year variations were 0.46% in 2022 and 2.37% in 2023. The CAGR over the past 5 years has been 2.56%.
Forecasted data from 2024 to 2028 suggests a steady growth trajectory, with a forecasted 5-year CAGR of 1.79%, reflecting a relatively stable market outlook. Future trends to watch for include technological advancements, global supply chain dynamics, and shifts in consumer demand, which are likely to influence production levels.