Republic of Korea - Track Suits, Ski Suits And Swimwear - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSportswear Price in South Korea - 2022
Contents:
- Sportswear Price in South Korea (CIF) - 2022
- Sportswear Price in South Korea (FOB) - 2022
- Sportswear Imports in South Korea
- Sportswear Exports in South Korea
Sportswear Price in South Korea (CIF) - 2022
The average sportswear import price stood at $10.4 per unit in December 2022, rising by 11% against the previous month. Overall, the import price, however, saw a perceptible slump. The pace of growth appeared the most rapid in September 2022 an increase of 17% against the previous month. Over the period under review, average import prices hit record highs at $13.4 per unit in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Cambodia ($13.9 per unit), while the price for Slovakia ($5.7 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.6%), while the prices for the other major suppliers experienced a decline.
Sportswear Price in South Korea (FOB) - 2022
In December 2022, the average sportswear export price amounted to $19.0 per unit, surging by 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The export price peaked at $19.4 per unit in February 2022; however, from March 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Saudi Arabia ($21.1 per unit), while the average price for exports to Taiwan (Chinese) ($10.5 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Sportswear Imports in South Korea
In 2022, purchases abroad of track suits, ski suits and swimwear was finally on the rise to reach 6.5M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt setback. Imports peaked at 8.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, sportswear imports soared to $69M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $71M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Sportswear in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 23.7 | 22.2 | 22.9 | 26.1 | 3.3% |
| China | 21.8 | 9.3 | 14.5 | 22.1 | 0.5% |
| Cambodia | 3.4 | 2.5 | 3.7 | 6.1 | 21.5% |
| Indonesia | 10.7 | 5.6 | 5.0 | 5.0 | -22.4% |
| Thailand | 1.3 | 3.7 | 6.7 | 2.5 | 24.4% |
| Italy | 0.6 | 0.5 | 1.3 | 1.3 | 29.4% |
| Myanmar | 1.1 | 1.3 | 1.3 | 1.1 | 0.0% |
| Bangladesh | 3.4 | 3.4 | 0.5 | 0.9 | -35.8% |
| Others | 4.9 | 3.4 | 2.9 | 4.0 | -6.5% |
| Total | 70.9 | 52.0 | 58.9 | 69.0 | -0.9% |
Top Suppliers of Sportswear to South Korea in 2022:
- Vietnam (2453.2K units)
- China (2160.3K units)
- Indonesia (449.6K units)
- Cambodia (433.1K units)
- Myanmar (205.3K units)
- Thailand (184.7K units)
- Italy (125.8K units)
- Bangladesh (69.3K units)
Sportswear Exports in South Korea
In 2022, the amount of track suits, ski suits and swimwear exported from South Korea surged to 162K units, increasing by 40% against the year before. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, the exports attained the peak of 196K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sportswear exports skyrocketed to $2.4M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.1% against 2020 indices. The exports peaked at $2.5M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Sportswear in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 839 | 1,753 | 845 | 667 | -7.4% |
| China | 202 | 96.8 | 183 | 549 | 39.6% |
| Canada | 23.5 | 22.3 | 80.3 | 321 | 139.0% |
| Thailand | 40.1 | 66.0 | 5.7 | 241 | 81.8% |
| Hong Kong SAR | 28.4 | 136 | 82.5 | 204 | 92.9% |
| Taiwan (Chinese) | 44.9 | 156 | 10.8 | 85.5 | 23.9% |
| Japan | 332 | 146 | 58.7 | 81.8 | -37.3% |
| Saudi Arabia | 0.1 | 0.1 | 0.5 | 59.3 | 740.1% |
| Philippines | 22.1 | N/A | 0.3 | 51.6 | 32.7% |
| Vietnam | 118 | 36.4 | 9.5 | 19.8 | -44.8% |
| Others | 148 | 50.7 | 154 | 132 | -3.7% |
| Total | 1,798 | 2,463 | 1,431 | 2,412 | 10.3% |
Top Export Markets for Sportswear from South Korea in 2022:
- United States (42.7K units)
- China (38.3K units)
- Canada (18.4K units)
- Hong Kong SAR (16.0K units)
- Thailand (13.0K units)
- Saudi Arabia (7.0K units)
- Taiwan (Chinese) (6.9K units)
- Japan (6.8K units)
- Philippines (2.4K units)
- Vietnam (1.6K units)
This report provides an in-depth analysis of the sportswear market 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 14191210 - Track-suits, of knitted or crocheted textiles
- Prodcom 14191230 - Ski-suits, of knitted or crocheted textiles
- Prodcom 14191240 - Men
- Prodcom 14191250 - Women
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, track suits, swimwear and other garments imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indi...
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In value terms, track suits, swimwear and other garments exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, ...
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Global sportswear imports amounted to X tons in 2016, remaining constant against the previous year figure. In general, sportswear imports continue to indicate a mild slump. The most prominent rat...
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Global sportswear imports amounted to X tons in 2016, remaining constant against the previous year figure. In general, sportswear imports continue to indicate a mild slump. The most prominent rat...
168
Explore the top import markets for sportswear in countries like the United States, Germany, France, and more. Find out key statistics and data from IndexBox.
924
In value terms, track suits, swimwear and other garments imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indi...
793
In value terms, track suits, swimwear and other garments exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, ...
1252
Global sportswear imports amounted to X tons in 2016, remaining constant against the previous year figure. In general, sportswear imports continue to indicate a mild slump. The most prominent rat...
1102
Global sportswear imports amounted to X tons in 2016, remaining constant against the previous year figure. In general, sportswear imports continue to indicate a mild slump. The most prominent rat...
