Republic of Korea: Brassiere Market 2024

Brassiere Market Size in Republic of Korea

The South Korean brassiere market reached $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Brassiere Production in Republic of Korea

In value terms, brassiere production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Brassiere Exports

Exports from Republic of Korea

In 2022, shipments abroad of brassieres decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, brassiere exports dropped to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Japan (X units) and Mongolia (X units) were the main destinations of brassiere exports from South Korea, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Hong Kong SAR ($X) appeared to be the largest markets for brassiere exported from South Korea worldwide, with a combined X% share of total exports. Mongolia, China, Malaysia, Thailand, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mongolia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brassiere export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brassiere export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United States ($X 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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Brassiere Imports

Imports into Republic of Korea

In 2022, the amount of brassieres imported into South Korea expanded sharply to X units, growing by X% on 2021 figures. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, brassiere imports surged to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of brassiere to South Korea, accounting for a X% share of total imports. Moreover, brassiere imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. The Philippines (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the Philippines (X% per year).

In value terms, China ($X) constituted the largest supplier of brassieres to South Korea, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the Philippines (X% per year).

Import Prices by Country

The average brassiere import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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