The import of printing ink other than black to South Korea experienced varying fluctuations from 2013 to 2023. The trend shows a mix of upward and downward movements, with significant drops in 2015, 2018, and 2020. Despite these drops, there were notable recoveries, especially in 2014, 2016, and 2021. Remarkably, the import value in 2023 stood at 55.156 million USD. Over the last two years, the year-on-year variation reflected modest increases of 6.12% in 2022 and 0.79% in 2023. The five-year CAGR from 2018 to 2023 showed an average annual growth rate of 1.53%.
Looking forward, the forecast suggests a stable growth pattern, with a predicted increase from 55.441 million USD in 2024 to 57.265 million USD in 2028. The projected five-year CAGR is modest at 0.65%, indicating a steady, though gradual, upward trajectory. Key points to watch for include technological advancements in printing processes and potential shifts in market demand for non-black inks, driven by industry trends and consumer preferences.
