Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea - 2022

Contents:

1. Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea (CIF) - 2022
2. Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea (FOB) - 2022
3. Imports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea
4. Exports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea

Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea (CIF) - 2022

The average import price for handbags with outer surface of plastic sheeting or of textile materialses stood at $12 per unit in 2022, increasing by 42% against the previous year. Overall, the import price posted a strong increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 130%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($352 per unit), while the price for India ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea (FOB) - 2022

In 2022, the average export price for handbags with outer surface of plastic sheeting or of textile materialses amounted to $72 per unit, jumping by 37% against the previous year. Over the period under review, the export price showed strong growth. The growth pace was the most rapid in 2014 an increase of 85%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 the United States ($383 per unit), while the average price for exports to Indonesia ($7 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 (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea

Imports of handbags with outer surface of plastic sheeting or of textile materialses into South Korea fell markedly to 54M units in 2022, reducing by -26.3% compared with 2021 figures. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume 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 +21.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports reached the peak of 73M units, and then declined rapidly in the following year.

In value terms, imports of handbags with outer surface of plastic sheeting or of textile materialses rose modestly to $649M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials to South Korea in 2022:

1. China (46.8M units)
2. France (2.1M units)
3. India (1.8M units)
4. Italy (0.8M units)

Exports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in South Korea

Exports of handbags with outer surface of plastic sheeting or of textile materialses from South Korea declined sharply to 1M units in 2022, waning by -47.7% compared with 2021. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of 1.9M units, and then dropped significantly in the following year.

In value terms, exports of handbags with outer surface of plastic sheeting or of textile materialses dropped dramatically to $72M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37%. Over the period under review, the exports of reached the peak figure at $101M in 2021, and then dropped significantly in the following year.

Top Export Markets for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials from South Korea in 2022:

1. China (360.8K units)
2. Indonesia (352.6K units)
3. Japan (155.9K units)
4. Hong Kong SAR (105.2K units)
5. Thailand (57.3K units)
6. Germany (50.7K units)
7. Singapore (50.0K units)
8. Vietnam (49.5K units)
9. United States (47.1K units)
10. Taiwan (Chinese) (41.3K units)
11. United Arab Emirates (28.2K units)
12. Macao SAR (21.7K units)
13. Austria (0.4K units)

Source: IndexBox Market Intelligence Platform