Price for Clothing; Parts, Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in South Korea (FOB) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in South Korea (CIF) - 2022
- Exports of Clothing; Parts, Knitted or Crocheted in South Korea
- Imports of Clothing; Parts, Knitted or Crocheted in South Korea
Price for Clothing; Parts, Knitted or Crocheted in South Korea (FOB) - 2022
The average export price for clothing; parts, knitted or crocheted stood at $15,968 per ton in 2022, dropping by -5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2019 an increase of 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,937 per ton in 2021, and then dropped in the following year.
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 ($38,677 per ton), while the average price for exports to Myanmar ($1,577 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 Vietnam (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in South Korea (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $20,407 per ton in 2022, rising by 29% against the previous year. Overall, the import price saw buoyant growth. The growth pace was the most rapid in 2017 an increase of 116%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($145,610 per ton), while the price for China ($13,479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clothing; Parts, Knitted or Crocheted in South Korea
In 2022, overseas shipments of clothing; parts, knitted or crocheted increased by 4.9% to 2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced reduction.
In value terms, clothing; parts, knitted or crocheted exports declined modestly to $32M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 6.9%. As a result, the exports attained the peak of $32M, and then contracted modestly in the following year.
| Export of Clothing; Parts, Knitted or Crocheted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 18.4 | 19.4 | 19.8 | 22.9 | 7.6% |
| Indonesia | 6.1 | 4.0 | 4.0 | 4.0 | -13.1% |
| Japan | 2.1 | 1.8 | 1.6 | 1.4 | -12.6% |
| Cambodia | 2.9 | 2.3 | 4.6 | 1.2 | -25.5% |
| China | 0.8 | 1.3 | 0.9 | 0.9 | 4.0% |
| Thailand | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
| Philippines | 0.4 | 0.5 | 0.5 | 0.3 | -9.1% |
| Myanmar | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Total | 31.4 | 30.0 | 32.1 | 31.7 | 0.3% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from South Korea in 2022:
- Vietnam (1395.1 tons)
- Indonesia (266.9 tons)
- Myanmar (87.7 tons)
- Cambodia (63.9 tons)
- China (62.3 tons)
- Japan (36.9 tons)
- Thailand (33.6 tons)
- Philippines (27.0 tons)
Imports of Clothing; Parts, Knitted or Crocheted in South Korea
In 2022, clothing; parts, knitted or crocheted imports into South Korea reduced rapidly to 90 tons, waning by -40.1% on the previous year. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. As a result, imports attained the peak of 150 tons, and then shrank significantly in the following year.
In value terms, clothing; parts, knitted or crocheted imports shrank markedly to $1.8M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of $2.4M, and then contracted notably in the following year.
| Import of Clothing; Parts, Knitted or Crocheted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,061 | 897 | 1,071 | 1,117 | 1.7% |
| Italy | 388 | 499 | 550 | 655 | 19.1% |
| Vietnam | 213 | 75.8 | 531 | 18.2 | -56.0% |
| Indonesia | 59.8 | 0.6 | 2.8 | 6.9 | -51.3% |
| Others | 93.8 | 38.7 | 212 | 30.8 | -31.0% |
| Total | 1,815 | 1,511 | 2,366 | 1,828 | 0.2% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to South Korea in 2022:
- China (82.8 tons)
- Italy (4.5 tons)
- Vietnam (1.2 tons)
- Indonesia (0.2 tons)
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