The pumice stone market in South Korea exhibited fluctuations from 2012 to 2023, peaking in 2018 with a value of $20.706 million. The market saw notable growth from 2015 to 2018 but encountered declines in both 2019 and 2020. Between 2021 and 2022, the market showed a minimal year-on-year decline. Over the past five years, the compound annual growth rate (CAGR) reflected a slight contraction of -1.31%.
Future trends to watch for include:
- Potential innovations in applications of pumice stone, particularly in construction and personal care sectors.
- Shifts in global supply chains which may affect availability and pricing in South Korea.
- Environmental regulations influencing mining practices and product sustainability efforts.
| # | 7 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 19,126,000 | 2023 | +0.9% | -1.58% | |
| 2 | 2 Italy | 5,688,300 | 2023 | -3% | -2.69% | View data |
| 3 | 3 United Kingdom | 3,311,100 | 2023 | -5.62% | -4.82% | View data |
| 4 | 4 Australia | 2,148,300 | 2023 | +5.37% | +7.52% | View data |
| 5 | 5 Austria | 620,490 | 2023 | +1.56% | +4.31% | View data |
