Price for Blankets and Travelling Rugs in South Korea - 2022

Contents:

1. Price for Blankets and Travelling Rugs in South Korea (CIF) - 2022
2. Price for Blankets and Travelling Rugs in South Korea (FOB) - 2022
3. Imports of Blankets and Travelling Rugs in South Korea
4. Exports of Blankets and Travelling Rugs in South Korea

Price for Blankets and Travelling Rugs in South Korea (CIF) - 2022

The average blankets and travelling rugs import price stood at $6.7 per unit in 2022, reducing by -3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 14% against the previous year. The import price peaked at $7.7 per unit in 2014; however, from 2015 to 2022, import prices stood 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 Vietnam ($12 per unit), while the price for China amounted to $4.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%).

Price for Blankets and Travelling Rugs in South Korea (FOB) - 2022

In 2022, the average blankets and travelling rugs export price amounted to $3 per unit, surging by 8.6% against the previous year. Overall, the export price, however, saw a deep setback. Over the period under review, the average export prices reached the peak figure at $6.1 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($21 per unit), while the average price for exports to the Philippines ($2.1 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 the United States (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets and Travelling Rugs in South Korea

After three years of growth, purchases abroad of blankets and travelling rugses decreased by -11.7% to 5.2M units in 2022. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 5.9M units, and then declined in the following year.

In value terms, blankets and travelling rugs imports contracted to $35M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of $41M, and then declined in the following year.

Top Suppliers of Blankets and Travelling Rugs to South Korea in 2022:

1. China (6.3M units)

Exports of Blankets and Travelling Rugs in South Korea

In 2022, approx. 4.8M units of blankets and travelling rugses were exported from South Korea; with a decrease of -27.4% compared with the previous year's figure. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, the exports reached the peak of 6.6M units, and then contracted notably in the following year.

In value terms, blankets and travelling rugs exports declined sharply to $15M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +36.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of $18M, and then fell notably in the following year.

Top Export Markets for Blankets and Travelling Rugs from South Korea in 2022:

1. Philippines (1921.3K units)
2. Saudi Arabia (679.5K units)
3. United Arab Emirates (668.3K units)
4. Taiwan (Chinese) (63.5K units)
5. United States (56.7K units)

Source: IndexBox Market Intelligence Platform