The chemicals manufacturing value added in South Korea showed relative stability from 2013 to 2023, oscillating slightly but demonstrating an overall incremental growth. The actual value in 2023 stood at 11.06. Over the last two years, the value saw a slight year-on-year increase: 0.29% in 2022 and 0.23% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) has been marginal at 0.18%, indicating a very steady yet slow growth.

Future trends to watch for:

Continued slow growth, with the forecast showing incremental increases, reaching 11.19 by 2028.
Potential impacts from global economic conditions, trade policies, and technological advancements in the chemicals sector.
Increased focus on sustainable and green chemistry practices, potentially driving innovation and reshaping production processes.