Report Update: May 1, 2024

Republic of Korea - Camping Goods - Market Analysis, Forecast, Size, Trends and Insights

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Camping Equipment Price in South Korea - 2022

Camping Equipment Price in South Korea (CIF) - 2022

The average camping equipment import price stood at $5,576 per ton in December 2022, shrinking by -9.4% against the previous month. Over the period under review, the import price recorded a slight contraction. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs at $8,467 per ton in September 2022; however, from October 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Bangladesh ($9,901 per ton), while the price for Vietnam ($3,378 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Camping Equipment Price in South Korea (FOB) - 2022

In 2022, the average camping equipment export price amounted to $13,932 per ton, approximately reflecting the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 89%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($39,896 per ton), while the average price for exports to India ($802 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Camping Equipment Imports in South Korea

In 2022, after three years of growth, there was significant decline in supplies from abroad of camping goods, when their volume decreased by -6.6% to 34K tons. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year.

In value terms, camping equipment imports declined modestly to $254M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 90% against the previous year.

Import of Camping Equipment in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	47.4	95.7	156	154	48.1%
Vietnam	19.4	31.8	54.0	60.3	45.9%
Bangladesh	7.0	17.6	31.9	23.6	49.9%
Others	9.0	12.1	17.9	16.1	21.4%
Total	82.8	157	260	254	45.3%

Top Suppliers of Camping Equipment to South Korea in 2022:

China (16.3K tons)
Vietnam (14.6K tons)
Bangladesh (2.6K tons)

Camping Equipment Exports in South Korea

In 2022, exports of camping goods from South Korea soared to 3.2K tons, picking up by 22% compared with 2021. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, camping equipment exports soared to $45M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Camping Equipment in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.6	10.2	11.9	14.9	48.0%
Germany	1.6	2.6	7.0	6.6	60.4%
Japan	4.0	4.1	6.7	6.5	17.6%
China	0.4	0.4	1.0	4.2	119.0%
Australia	1.0	1.1	1.8	2.3	32.0%
Malaysia	0.3	0.4	0.4	0.7	32.6%
Vietnam	0.2	1.8	1.0	0.6	44.2%
Singapore	N/A	0.1	0.2	0.5	123.6%
Russia	0.1	0.2	0.2	0.4	58.7%
India	0.2	0.2	0.2	0.3	14.5%
Others	3.3	4.8	6.1	8.1	34.9%
Total	15.9	25.8	36.7	45.0	41.5%

Top Export Markets for Camping Equipment from South Korea in 2022:

United States (870.4 tons)
India (353.0 tons)
Germany (301.1 tons)
Malaysia (262.2 tons)
Japan (232.4 tons)
Singapore (169.9 tons)
Australia (169.4 tons)
China (160.8 tons)
Vietnam (144.1 tons)
Russia (63.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the camping equipment 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 13922210 - Tarpaulins, awnings and sunblinds (excluding caravan awnings)
Prodcom 13922230 - Tents (including caravan awnings)
Prodcom 13922250 - Sails
Prodcom 13922270 - Pneumatic mattresses and other camping goods (excluding caravan awnings, tents, sleeping bags)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023