In 2023, the export value of refrigerating or freezing furniture from South Korea stood at 66.664 million USD. The forecasted data indicates a steady year-on-year growth, with values expected to rise to 68.595 million USD in 2024, 70.569 million USD in 2025, 72.505 million USD in 2026, 74.401 million USD in 2027, and 76.259 million USD in 2028.
The year-on-year variations from 2023 to 2024 will be approximately 2.9%, followed by similar increases of around 2.9% each subsequent year up to 2028. These consistent increases translate to a compound annual growth rate (CAGR) from 2024 to 2028, reflecting a robust average yearly growth rate over the five-year period.
Future trends to watch for include potential impacts from technological advancements in refrigerating and freezing technologies, international trade agreements, and fluctuations in raw material costs. Monitoring global market trends and consumer preferences will also be critical for sustaining this growth trajectory.
