Report Update: May 1, 2024

Republic of Korea - Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bedding and Furnishing Article in South Korea - 2022

Price for Bedding and Furnishing Article in South Korea (CIF) - 2022

The average bedding and furnishing article import price stood at $7,431 per ton in December 2022, picking up by 7.2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 14% against the previous month. The import price peaked at $8,324 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 Denmark ($15,489 per ton), while the price for China ($6,019 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 China (-0.4%), while the prices for the other major suppliers experienced a decline.

Price for Bedding and Furnishing Article in South Korea (FOB) - 2022

In 2022, the average bedding and furnishing article export price amounted to $5,535 per ton, with an increase of 9.7% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 26%. Over the period under review, the average export prices attained the peak figure at $12,534 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($20,036 per ton), while the average price for exports to the Philippines ($676 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 Japan (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Article in South Korea

In 2022, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -23% to 35K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 5.2% against the previous year. As a result, imports reached the peak of 45K tons, and then declined remarkably in the following year.

In value terms, bedding and furnishing article imports contracted sharply to $266M in 2022. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $343M, and then reduced rapidly in the following year.

Import of Bedding and Furnishing Article in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	209	217	243	191	-3.0%
Vietnam	21.6	35.0	39.6	17.6	-6.6%
Germany	15.2	12.4	13.6	13.5	-3.9%
Denmark	11.2	10.0	15.4	12.3	3.2%
Others	31.0	29.6	31.6	31.3	0.3%
Total	288	304	343	266	-2.6%

Top Suppliers of Bedding and Furnishing Article to South Korea in 2022:

China (29.8K tons)
Vietnam (2.2K tons)
Denmark (0.6K tons)
Germany (0.5K tons)

Exports of Bedding and Furnishing Article in South Korea

In 2022, exports of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) from South Korea contracted notably to 5.9K tons, reducing by -21% on the previous year's figure. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports attained the peak of 7.5K tons, and then declined sharply in the following year.

In value terms, bedding and furnishing article exports declined to $33M in 2022. Over the period under review, exports recorded a slight reduction. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $38M, and then dropped in the following year.

Export of Bedding and Furnishing Article in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.0	6.7	11.0	9.6	11.1%
Taiwan (Chinese)	4.3	4.4	5.2	5.1	5.9%
Japan	3.0	4.2	4.5	3.7	7.2%
Philippines	3.7	2.0	3.5	2.6	-11.1%
China	4.2	3.3	3.1	2.2	-19.4%
Vietnam	1.8	0.8	1.1	1.3	-10.3%
Australia	0.4	0.7	1.1	1.1	40.1%
Singapore	1.0	0.8	0.8	0.8	-7.2%
Others	8.5	5.6	7.3	6.2	-10.0%
Total	33.7	28.6	37.6	32.6	-1.1%

Top Export Markets for Bedding and Furnishing Article from South Korea in 2022:

Philippines (3811.1 tons)
United States (581.2 tons)
Taiwan (Chinese) (326.6 tons)
China (280.8 tons)
Japan (184.9 tons)
Australia (127.2 tons)
Vietnam (99.5 tons)
Singapore (88.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bedding and furnishing article 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 13922493 - Articles of bedding of feathers or down (including quilts and eiderdowns, cushions, pouffes, pillows) (excluding mattresses, sleeping bags)
Prodcom 13922499 - Articles of bedding filled other than with feathers or down (including quilts and eiderdowns, cushions, pouffes, pillows) (excluding mattresses, 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