Metals consumption in South Korea showed a fluctuating trend from 2013 to 2023. During this period, consumption varied significantly, with major dips in 2016 but a gradual, consistent increase from 2019 through 2023. In 2023, metals consumption reached 13.62, reflecting a marginal increase of 0.89% from the previous year.

The Compound Annual Growth Rate (CAGR) over the last five years up until 2023 was 1.03%, indicating a slow but relatively steady growth trend. Going forward, forecasted data suggest a continuation of this rising trend, with consumption expected to reach 14.21 by 2028.

Future trends to watch for include:

Technological advancements in metallurgy and recycling processes.
Impact of environmental regulations and sustainability initiatives on consumption patterns.
Economic factors influencing industrial demand for metals.