The export of valves for oleohydraulic or pneumatic transmissions from South Korea experienced notable growth from 2023 to 2028. In 2023, the volume stood at 15.888 million kilograms. The forecasted data shows a consistent year-on-year increase: 4.88% from 2024 to 2025, 4.57% from 2025 to 2026, 4.28% from 2026 to 2027, and 4.02% from 2027 to 2028. The compounded annual growth rate (CAGR) over the five years from 2024 to 2028 is 4.44%, indicating a steady upward trend in exports.
Future trends to watch for include advancements in valve technology and increased global demand for efficient oleohydraulic and pneumatic systems, driven by industrial automation and the growing emphasis on environmentally friendly practices. Additionally, evolving trade policies and geopolitical factors could impact export dynamics in this sector.
