Republic of Korea: Market for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres 2024

Market Size for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres in Republic of Korea

The South Korean market for bed linen of other woven textiles and non-woven man-made fibres totaled $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant increase. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Exports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Exports from Republic of Korea

In 2023, the amount of bed linen of other woven textiles and non-woven man-made fibres exported from South Korea fell significantly to X tons, which is down by X% on 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of bed linen of other woven textiles and non-woven man-made fibres shrank rapidly to $X in 2023. Overall, exports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Japan (X tons), Vietnam (X tons) and Singapore (X tons) were the main destinations of exports of bed linen of other woven textiles and non-woven man-made fibres from South Korea, with a combined X% share of total exports. The United States, Taiwan (Chinese), Kazakhstan, Hong Kong SAR and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for bed linen of other woven textiles and non-woven man-made fibres exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for bed linen of other woven textiles and non-woven man-made fibres stood at $X per ton in 2023, flattening at the previous year. Overall, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Imports into Republic of Korea

In 2023, approx. X tons of bed linen of other woven textiles and non-woven man-made fibres were imported into South Korea; with an increase of X% compared with the previous year. In general, imports saw strong growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of bed linen of other woven textiles and non-woven man-made fibres reached $X in 2023. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest bed linen of other woven textiles and non-woven man-made fibres supplier to South Korea, with a X% share of total imports. Moreover, imports of bed linen of other woven textiles and non-woven man-made fibres from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of bed linen of other woven textiles and non-woven man-made fibres to South Korea, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average import price for bed linen of other woven textiles and non-woven man-made fibres stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform