The forecast for the import of ammonium sulphate to South Korea from 2024 to 2028 shows a consistent upward trend. In 2024, the import value is $5.7885 million, increasing to $6.8378 million by 2028.
Year-on-year variations are steady:
- From 2024 to 2025: +4.67%
- From 2025 to 2026: +4.37%
- From 2026 to 2027: +4.10%
- From 2027 to 2028: +3.86%
The Compound Annual Growth Rate (CAGR) over the five years is approximately 4.24%. For context, in 2023, the actual import value stood at $5.513 million.
Future trends to watch include the impact of global supply chain fluctuations on import costs, potential changes in agricultural policies, and technological advancements in fertilizer application. Environmental regulations may also influence demand and imports of ammonium sulphate in South Korea.
