Republic of Korea - Terry Towelling (Excluding Of Cotton) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Cotton Terry Towelling Price in South Korea - 2022
Contents:
- Non-Cotton Terry Towelling Price in South Korea (CIF) - 2022
- Non-Cotton Terry Towelling Price in South Korea (FOB) - 2022
- Non-Cotton Terry Towelling Imports in South Korea
- Non-Cotton Terry Towelling Exports in South Korea
Non-Cotton Terry Towelling Price in South Korea (CIF) - 2022
The average non-cotton terry towelling import price stood at $0.1 per square meter in 2022, remaining constant against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 96%. As a result, import price reached the peak level of $0.4 per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1 per square meter), while the price for China ($0.1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+38.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Non-Cotton Terry Towelling Price in South Korea (FOB) - 2022
The average non-cotton terry towelling export price stood at $0.2 per square meter in 2022, leveling off at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 80% against the previous year. Over the period under review, the average export prices reached the maximum at $0.2 per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($0.4 per square meter), while the average price for exports to Vietnam ($0.1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Cotton Terry Towelling Imports in South Korea
In 2022, purchases abroad of terry towelling (excluding of cotton) decreased by -3.5% to 11M square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 12M square meters, and then declined in the following year.
In value terms, non-cotton terry towelling imports reduced modestly to $757K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of $784K, and then declined modestly in the following year.
| Import of Non-Cotton Terry Towelling in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 628 | 517 | 765 | 616 | -0.6% |
| Vietnam | N/A | N/A | 0.1 | 111 | 110900.0% |
| Others | 8.5 | 9.4 | 18.2 | 30.3 | 52.8% |
| Total | 637 | 527 | 784 | 757 | 5.9% |
Top Suppliers of Non-Cotton Terry Towelling to South Korea in 2022:
- China (10.0M square meters)
- Vietnam (1.1M square meters)
Non-Cotton Terry Towelling Exports in South Korea
In 2022, overseas shipments of terry towelling (excluding of cotton) decreased by -17.1% to 2.6M square meters, falling for the second year in a row after two years of growth. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 132%. As a result, the exports attained the peak of 3.7M square meters. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, non-cotton terry towelling exports dropped markedly to $443K in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 121%. As a result, the exports reached the peak of $607K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Non-Cotton Terry Towelling in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 262 | 263 | 201 | 243 | -2.5% |
| Saudi Arabia | N/A | 37.6 | 39.1 | 82.1 | 47.8% |
| Vietnam | 1.1 | N/A | 42.2 | 51.1 | 259.5% |
| Italy | N/A | 76.1 | 208 | 15.7 | -54.6% |
| United Arab Emirates | N/A | 208 | 7.2 | 15.6 | -72.6% |
| India | N/A | N/A | 9.8 | 14.7 | 50.0% |
| Taiwan (Chinese) | N/A | 4.9 | N/A | 9.8 | 41.4% |
| Japan | N/A | 11.4 | 0.1 | 2.3 | -55.1% |
| Others | 11.9 | 6.4 | 33.3 | 9.0 | -8.9% |
| Total | 275 | 607 | 541 | 443 | 17.2% |
Top Export Markets for Non-Cotton Terry Towelling from South Korea in 2022:
- China (1701.3K square meters)
- Vietnam (393.6K square meters)
- Saudi Arabia (198.2K square meters)
- Italy (73.4K square meters)
- India (57.0K square meters)
- Taiwan (Chinese) (45.5K square meters)
- United Arab Emirates (45.1K square meters)
- Japan (28.7K square meters)
This report provides an in-depth analysis of the non-cotton terry towelling 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 13204300 - Terry towelling and similar woven terry fabrics (excluding of cotton)
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
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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
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