The import of black printing ink to South Korea showed various fluctuations over the past years. From 2013 to 2023, there were notable peaks and troughs, with imports peaking in 2017 and significantly dropping in 2020. The current data shows that in 2023, the import volume stood at approximately 574.27 thousand kilograms. Over the last two years, from 2022 to 2023, the year-on-year variation was a mere -0.056%, indicating relative stability. However, between 2021 and 2022, there was a more pronounced increase of 5.2%. The compound annual growth rate (CAGR) for the past five years (2018-2023) was approximately 0.43%, highlighting a modest long-term growth trend.
Forecast data from 2024 to 2028 suggests a slight decline in the import volume with a forecasted 5-year CAGR of -0.03%, reflecting a stable but slightly contracting market. By 2028, the volume is expected to be around 570.88 thousand kilograms, indicating a minor decrease.
Future trends to watch for include potential impacts of technological advancements in printing and digital mediums, shifts in demand due to economic factors, and changes in domestic production capabilities. These elements could influence the stability or potential growth of black printing ink imports.
