The import of non-wired float glass in sheets to South Korea initially experienced significant fluctuations between 2013 and 2016, evidenced by substantial year-on-year and CAGR variations. Starting in 2017, imports settled into a relatively stable pattern with minor year-on-year decreases, followed by a consistent decline from 2019 onwards. By 2023, the import volume stood at 187.36 million kilograms, marking a slight reduction compared to previous years.
Future trends to watch for:
- A continued decline in import volume is anticipated, as indicated by an average annual reduction of 0.45% over the next five years.
- Monitoring the development of domestic production capabilities, which could further reduce import dependency.
- Potential regulatory changes or international trade policies that could impact importing conditions.
- Considering shifts in demand from key industries utilizing float glass, which could influence future import needs.