The forecasted import value of Propylene Glycol (Propane-1,2-Diol) to South Korea shows a steady year-on-year increase from 2024 to 2028, starting at 23.417 million USD in 2024 and reaching 25.683 million USD by 2028. In 2023, the import value stood at 22.857 million USD, indicating consistent growth over the forecast period.
The year-on-year variation percentages reveal a growth rate of about 2.5% to 2.6% annually. Over the last two years analyzed (2022-2023), the import value has seen an increase of approximately 2.4%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be around 2.4% as well.
Future trends to watch for include potential market shifts due to changes in global supply and demand, regulatory changes affecting import policies, and technological advancements impacting production efficiency and cost. Monitoring these factors will be crucial in understanding the dynamics of Propylene Glycol imports in South Korea.
