Republic of Korea - Babies’ Garments And Clothing Accessories (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Garment Price in South Korea - 2022
Contents:
- Baby Garment Price in South Korea (CIF) - 2022
- Baby Garment Price in South Korea (FOB) - 2022
- Baby Garment Imports in South Korea
- Baby Garment Exports in South Korea
Baby Garment Price in South Korea (CIF) - 2022
The average baby garment import price stood at $4.5 per unit in December 2022, growing by 31% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The import price peaked at $5.2 per unit in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were Indonesia ($5.5 per unit) and China ($4.3 per unit), while the price for Vietnam ($3.9 per unit) and Bangladesh ($3.9 per unit) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Baby Garment Price in South Korea (FOB) - 2022
In December 2022, the average baby garment export price amounted to $10.5 per unit, rising by 74% against the previous month. Overall, the export price recorded notable growth. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 402% m-o-m. The export price peaked in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was China ($13.1 per unit), while the average price for exports to Thailand ($2.5 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+55.2%), while the prices for the other major destinations experienced more modest paces of growth.
Baby Garment Imports in South Korea
Baby garment imports into South Korea shrank markedly to 13M units in 2022, which is down by -15.4% compared with the previous year. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, imports attained the peak of 16M units, and then reduced notably in the following year.
In value terms, baby garment imports expanded notably to $53M in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Baby Garment in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 8.4 | 9.6 | 20.5 | 23.7 | 41.3% |
China | 15.3 | 11.3 | 17.1 | 17.6 | 4.8% |
Indonesia | 3.0 | 0.9 | 1.9 | 4.5 | 14.5% |
Bangladesh | 1.2 | 0.9 | 1.5 | 1.4 | 5.3% |
Philippines | 2.2 | 1.6 | 1.2 | 0.1 | -64.3% |
Others | 4.3 | 3.5 | 7.9 | 5.5 | 8.6% |
Total | 34.4 | 27.8 | 50.1 | 52.8 | 15.4% |
Top Suppliers of Baby Garment to South Korea in 2022:
- Philippines (undefinedM units)
- Vietnam (6.8M units)
- China (4.3M units)
- Indonesia (1.0M units)
- Bangladesh (0.3M units)
Baby Garment Exports in South Korea
For the third consecutive year, South Korea recorded decline in overseas shipments of babies garments and clothing accessories (knitted or crocheted), which decreased by -25.1% to 972K units in 2022. Overall, exports recorded a sharp setback. The smallest decline of -20% was in 2021. Over the period under review, the exports hit record highs at 2.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, baby garment exports contracted to $5.7M in 2022. In general, exports continue to indicate a precipitous decline. Over the period under review, the exports attained the peak figure at $12M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Baby Garment in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,572 | 2,718 | 1,977 | 1,875 | -10.0% |
China | 857 | 831 | 1,010 | 847 | -0.4% |
Sweden | 251 | 288 | 424 | 371 | 13.9% |
Hong Kong SAR | 404 | 339 | 272 | 365 | -3.3% |
Mexico | 30.9 | 15.0 | 23.8 | 342 | 122.9% |
Taiwan (Chinese) | 435 | 584 | 317 | 255 | -16.3% |
United Arab Emirates | 3,826 | 1,091 | 397 | 209 | -62.1% |
Canada | 245 | 279 | 259 | 144 | -16.2% |
Mongolia | 0.8 | 0.3 | 3.8 | 142 | 462.0% |
Netherlands | 34.0 | 101 | 116 | 122 | 53.1% |
Vietnam | 318 | 516 | 254 | 84.6 | -35.7% |
Saudi Arabia | 1,421 | 16.5 | 209 | 36.0 | -70.6% |
Indonesia | 183 | 147 | 77.5 | 21.2 | -51.3% |
Others | 1,303 | 1,023 | 886 | 854 | -13.1% |
Total | 11,881 | 7,947 | 6,227 | 5,667 | -21.9% |
Top Export Markets for Baby Garment from South Korea in 2022:
- United States (422.3K units)
- China (75.1K units)
- Sweden (71.9K units)
- United Arab Emirates (57.7K units)
- Mexico (51.9K units)
- Mongolia (46.3K units)
- Hong Kong SAR (45.0K units)
- Vietnam (41.5K units)
- Netherlands (21.8K units)
- Canada (17.5K units)
- Taiwan (Chinese) (15.9K units)
- Saudi Arabia (10.5K units)
- Indonesia (4.0K units)
This report provides an in-depth analysis of the baby garment market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14191100 - Babies
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the baby garment market in Republic of Korea.
This report provides an in-depth analysis of the global baby garment market.
This report provides an in-depth analysis of the baby garment market in Republic of Korea.
This report provides an in-depth analysis of the global baby garment market.
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