The forecasted import value of carded wool to South Korea is expected to decline from 2.3883 million USD in 2024 to 1.9828 million USD by 2028. This represents a reduction trend. From 2024 to 2025, the import value is predicted to decrease by 4.38%, followed by a 4.48% drop in 2026, a 4.60% decrease in 2027, and finally a 4.73% decrease in 2028.
When observing the Compound Annual Growth Rate (CAGR) over the next five years, the average annual decrease is estimated at approximately 4.55%.
Future trends to watch for include potential shifts in global trade policies, fluctuations in wool prices, and changes in domestic demand for wool products. Additionally, technological advancements in synthetic alternatives and changes in consumer preferences could further impact import values.
