From 2013, South Korea's import of plants used for perfumery or pharmacy shows fluctuations, with notable steady growth from 2020. The reported value of $114.64 million in 2023 witnessed a year-on-year increase of 2.21% over 2022, following dips and modest gains. The five-year CAGR between 2019 and 2023 is 2.28%, reflecting moderate long-term growth. The forecasted data suggests an average annual increase of 1.49%, reaching $126.55 million by 2028.
Future trends to monitor may include:
- Impact of global trade policies on import costs
- Supply chain shifts and their effects on availability
- Rising demand for natural and organic products in South Korea
