The import of moulds for metals, plastic, and rubber to South Korea is projected to increase steadily from $154.82 million in 2024 to $166.82 million in 2028. In 2023, the value was $151.76 million. This increase represents a consistent year-on-year growth: 2.0% from 2024 to 2025, 1.92% from 2025 to 2026, 1.84% from 2026 to 2027, and 1.78% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period stands at approximately 1.91%.
Future trends to watch for include technological advancements in mould-making, which could improve efficiency and reduce costs, potentially affecting import values. Additionally, South Korea’s manufacturing sector’s demand for advanced moulds may drive further growth. Be mindful of any geopolitical and economic shifts that may impact trade policies or currency fluctuations, influencing import volumes and values.
