The import of furniture parts to South Korea has shown significant growth from 2013 to 2023, starting at 54.125 million USD and reaching 126.98 million USD in 2023. The year-on-year variations reveal periods of rapid growth, such as in 2014 (51.9%) and 2017 (28.41%), as well as intermittent declines, like in 2016 (-8.96%). The last two years recorded steady growth with 3.45% in 2022 and 3.27% in 2023. Over the past five years, the CAGR was 3.21%, reflecting a stable upward trend.
Looking ahead to the forecasted data, the import value is expected to continue increasing, reaching 147.98 million USD by 2028. The projected five-year CAGR is 2.41%, showing a moderation in growth but still positive momentum. Indicators to watch include global supply chain stability, regional trade agreements, and South Korea's domestic demand for furniture.