The forecast for the import of Hydraulic and Pneumatic Automatic Controls to South Korea shows a steady decline from 31.499 million USD in 2024 to 29.338 million USD in 2028. Comparing year-on-year, the imports decreased by approximately 1.8% from 2024 to 2025, 1.8% from 2025 to 2026, 1.8% from 2026 to 2027, and 1.8% from 2027 to 2028. These percentages highlight a consistent downward trend in import values.

In 2023, the actual import value stood at 32 million USD, indicating a total reduction of about 8.3% over the forecasted five-year period. Therefore, the Compound Annual Growth Rate (CAGR) over this period is around -1.7%, suggesting a slight but steady annual decline in imports.

Future trends to watch for:

Potential domestic advancements in hydraulic and pneumatic technology reducing dependency on imports.
Global supply chain disruptions or policy changes affecting trade dynamics.
Shifts in industrial demand due to evolving technological and industrial applications.