The forecast for the import of silver to South Korea shows a consistent decline from 2024 to 2028. In 2024, the value is expected to be $109.64 million, decreasing by approximately 11.9% year-on-year to $96.609 million in 2025. A further decline of around 13.3% is expected in 2026, bringing the value down to $83.84 million. By 2027, the import value is projected to decrease by 15% to $71.326 million. The trend continues with a 17% decline in 2028, resulting in an import value of $59.063 million. The Compound Annual Growth Rate (CAGR) over this period reflects an average annual decrease of around 13%.
Future trends to watch for include potential global economic conditions affecting silver prices, technological advances in industries that use silver, and South Korea’s import policies and demand for precious metals. Monitoring these factors will help predict further changes in silver import trends.
