Republic of Korea - Men's Or Boys' Clothing (Not Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Republic of Korea - Men's Or Boys' Clothing (Not Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights

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Non-Knitted Men Apparel Price in South Korea - 2021

Contents:

  1. Non-Knitted Men Apparel Price in South Korea (CIF) - 2022
  2. Non-Knitted Men Apparel Price in South Korea (FOB) - 2022
  3. Non-Knitted Men Apparel Imports in South Korea
  4. Non-Knitted Men Apparel Exports in South Korea

Non-Knitted Men Apparel Price in South Korea (CIF) - 2022

In 2022, the average non-knitted men apparel import price amounted to $22 per unit, with a decrease of -10.9% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2013 an increase of 32%. As a result, import price attained the peak level of $34 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($31 per unit), while the price for Myanmar ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+9.1%), while the prices for the other major suppliers experienced a decline.

Non-Knitted Men Apparel Price in South Korea (FOB) - 2022

The average non-knitted men apparel export price stood at $40 per unit in 2022, picking up by 22% against the previous year. Over the period under review, the export price recorded a temperate expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 56% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($68 per unit), while the average price for exports to Saudi Arabia ($25 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Men Apparel Imports in South Korea

In 2022, imports of men's or boys' clothing (not knitted or crocheted) into South Korea skyrocketed to 92M units, with an increase of 28% compared with 2021. Over the period under review, imports, however, showed a abrupt decrease. Over the period under review, imports attained the maximum at 109M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-knitted men apparel imports rose significantly to $2B in 2022. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Non-Knitted Men Apparel in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam1,009781877931-2.6%
China350246277300-5.0%
Indonesia181143143171-1.9%
Myanmar11671.869.916512.5%
Bangladesh81.574.297.111612.5%
Italy89.485.81071138.1%
Romania29.034.640.845.215.9%
Others1551611782029.2%
Total2,0101,5971,7902,0430.5%

Top Suppliers of Non-Knitted Men Apparel to South Korea in 2022:

  1. Vietnam (39.5M units)
  2. China (13.2M units)
  3. Myanmar (12.9M units)
  4. Indonesia (6.8M units)
  5. Bangladesh (5.8M units)
  6. Italy (3.7M units)
  7. Romania (1.6M units)

Non-Knitted Men Apparel Exports in South Korea

In 2022, shipments abroad of men's or boys' clothing (not knitted or crocheted) decreased by -17.9% to 2.4M units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports attained the peak of 2.9M units, and then plummeted in the following year.

In value terms, non-knitted men apparel exports amounted to $97M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Non-Knitted Men Apparel in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China31.042.354.145.013.2%
Taiwan (Chinese)2.53.96.49.455.5%
Hong Kong SAR3.86.99.39.133.8%
United States2.42.95.25.531.8%
Japan7.14.76.65.1-10.4%
Canada0.71.21.74.180.3%
United Kingdom3.13.23.64.19.8%
Italy2.01.71.43.115.7%
Vietnam1.31.61.81.42.5%
Russia0.20.20.41.281.7%
Saudi Arabia0.60.30.60.914.5%
Others6.35.65.58.08.3%
Total61.074.596.897.016.7%

Top Export Markets for Non-Knitted Men Apparel from South Korea in 2022:

  1. China (1014.6K units)
  2. Hong Kong SAR (204.6K units)
  3. United States (157.9K units)
  4. Japan (147.3K units)
  5. Taiwan (Chinese) (138.6K units)
  6. Canada (126.6K units)
  7. United Kingdom (124.2K units)
  8. Italy (76.7K units)
  9. Russia (44.9K units)
  10. Vietnam (37.3K units)
  11. Saudi Arabia (36.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-knitted men apparel 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 14121120 - Men
  • Prodcom 14121130 - Men
  • Prodcom 14121240 - Men
  • Prodcom 14121250 - Men
  • Prodcom 14132110 -
  • Prodcom 14132120 -
  • Prodcom 14132130 - Men
  • Prodcom 14132210 -
  • Prodcom 14132220 -
  • Prodcom 14132300 - Men
  • Prodcom 14132442 - Men
  • Prodcom 14132444 - Men
  • Prodcom 14132445 - Men
  • Prodcom 14132448 - Men
  • Prodcom 14132449 - Men
  • Prodcom 14132455 - Men
  • Prodcom 14132460 - Men

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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