In 2023, the import of non-monetary gold powder to South Korea was valued at 879.5 thousand USD. The forecasted data for the years following 2024 shows a steady increase with values rising from 912.37 thousand USD in 2024 to 1058.7 thousand USD by 2028. The year-on-year variation percentage over the last two years are as follows:
- 2024: +3.7%
- 2025: +4.1%
- 2026: +3.9%
- 2027: +3.7%
- 2028: +3.5%
The compound annual growth rate (CAGR) over the forecasted five-year period (2024-2028) stands at approximately 3.8%, indicating a consistent and moderate growth trajectory.
Future trends to watch for include potential impacts from geopolitical dynamics, fluctuations in global gold prices, and technological advancements in industries that utilize gold powder. Additionally, policies related to imports and tariffs could influence future import values.
