Price for Jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted in South Korea - 2022

Contents:

1. Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea (CIF) - 2022
2. Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea (FOB) - 2022
3. Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea
4. Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea

Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea (CIF) - 2022

The average import price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted stood at $12 per unit in 2022, picking up by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 ($13 per unit), while the price for Myanmar ($4.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea (FOB) - 2022

In 2022, the average export price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted amounted to $16 per unit, picking up by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($16 per unit) and the United States ($16 per unit), while the average price for exports to Canada ($16 per unit) and the UK ($16 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea

In 2022, approx. 49M units of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted were imported into South Korea; rising by 17% against 2021 figures. The total import volume increased at an average annual rate of +3.3% 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 25%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted soared to $603M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +66.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted to South Korea in 2022:

1. China (15.2M units)
2. Vietnam (8.8M units)
3. Italy (6.0M units)
4. Bangladesh (3.6M units)
5. Portugal (3.4M units)
6. Pakistan (1.7M units)
7. Cambodia (1.5M units)
8. Turkey (1.4M units)
9. Myanmar (1.1M units)
10. Indonesia (0.8M units)

Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in South Korea

In 2022, after three years of growth, there was decline in overseas shipments of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted, when their volume decreased by -4.9% to 3.5M units. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 73%. The exports peaked at 3.7M units in 2021, and then contracted modestly in the following year.

In value terms, exports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted expanded notably to $58M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 65%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted from South Korea in 2022:

1. China (871.4K units)
2. United States (583.0K units)
3. Japan (569.8K units)
4. Hong Kong SAR (430.1K units)
5. Canada (303.2K units)
6. Taiwan (Chinese) (154.4K units)
7. Vietnam (117.0K units)
8. Italy (90.4K units)
9. United Kingdom (72.8K units)
10. Germany (35.0K units)

Source: IndexBox Market Intelligence Platform