The import of glass-ceramic ware for table kitchens to South Korea has experienced notable fluctuations. From 2013 to 2015, imports grew significantly, peaking at 1193.1 thousand kilograms in 2015. However, since then, the value began to decline dramatically, hitting 340.11 thousand kilograms by 2023. Specifically, the year-on-year variation for 2022 was -9.63%, and for 2023, it was -10.45%. Over the last five years, the compound annual growth rate (CAGR) stands at -5.53%.
Looking ahead, forecast data predicts a continued decline in imports, reaching 132.85 thousand kilograms by 2028 with an estimated 5-year CAGR of -14.84% and a total growth rate of -55.2% over the period. The sharp decrease highlights market challenges and suggests potential over-reliance on alternative materials or a strong shift in domestic production capabilities.
Future trends to watch for include the impact of innovation in material science, potential changes in trade policies, and evolving consumer preferences towards more sustainable or locally-sourced products.
