The import value of electrical multimeters to South Korea stood at 10.482 million USD in 2023. Forecasts indicate a consistent increase over the coming years, with values projected to reach 10.548 million USD in 2024, 10.614 million USD in 2025, 10.679 million USD in 2026, 10.743 million USD in 2027, and 10.805 million USD in 2028.
Year-on-year variations demonstrate a steady growth pattern, averaging around 0.63% annually. The Compound Annual Growth Rate (CAGR) over the five-year period suggests a stable annual increase of approximately 0.62%.
Future trends to watch for:
- Technological advancements in electrical multimeters increasing demand.
- Changes in trade policies and tariffs that may impact import costs.
- Economic factors affecting South Korea's import capabilities.
- Developments in local manufacturing that could alter dependency on imports.