From 2013 to 2016, South Korea's import of Portland Cement, other than White Cement, showed growth, peaking in 2015 at $57.923 million, then slightly declining. Import values began to decline sharply starting in 2017. By 2023, the import value stood at $19.534 million, a significant drop from its peak in 2015. Year-on-year variations over the last two years indicate continued decline: -10.24% in 2022 and -11.18% in 2023. The 5-year CAGR indicates an average annual decrease of -7.74%, and the forecasted 5-year CAGR (2024-2028) predicts a sharp average annual decrease of -16.86%, showing a considerable reduction in import value by 2028.

Future trends to watch for:

Potential shifts in South Korea's domestic cement production capacities.
Changes in governmental policies affecting the import of construction materials.
Impact of economic conditions, such as infrastructure projects and real estate development.
Emergence and adoption of alternative construction materials and technologies.