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Republic of Korea - Footwear - Market Analysis, Forecast, Size, Trends And Insights

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Republic of Korea: Footwear Market Overview 2020

Footwear Market Size in Republic of Korea

The revenue of the footwear market in South Korea amounted to $X in 2018, dropping by -X% against the previous year. Overall, the total market indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Footwear consumption peaked at $X in 2017, and then declined slightly in the following year.

Footwear Production in Republic of Korea

In value terms, footwear production amounted to $X in 2018 estimated in export prices. In general, footwear production continues to indicate a deep drop. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Footwear production peaked at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Footwear Exports

Exports from Republic of Korea

In 2018, the footwear exports from South Korea stood at X pairs, rising by X% against the previous year. Over the period under review, the total exports indicated a buoyant increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, footwear exports totaled $X in 2018. Over the period under review, footwear exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, footwear exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

Bangladesh (X pairs), the U.S. (X pairs) and China (X pairs) were the main destinations of footwear exports from South Korea, together accounting for X% of total exports. These countries were followed by Japan, the Philippines, the UK, Kenya and China, Hong Kong SAR, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Kenya, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear exported from South Korea were Bangladesh ($X), the U.S. ($X) and China ($X), together comprising X% of total exports.

Among the main countries of destination, Bangladesh experienced the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average footwear export price stood at $X per pair in 2018, picking up by X% against the previous year. Overall, the export price indicated notable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear export price increased by +X% against 2014 indices. The growth pace was the most rapid in 2009 an increase of X% y-o-y. Over the period under review, the average export prices for footwear attained their maximum in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($X per pair), while the average price for exports to Kenya ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced mixed trend patterns.

Footwear Imports

Imports into Republic of Korea

In 2018, the footwear imports into South Korea stood at X pairs, growing by X% against the previous year. Over the period under review, footwear imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. In that year, footwear imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, footwear imports stood at $X in 2018. In general, footwear imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

China (X pairs), Viet Nam (X pairs) and Italy (X pairs) were the main suppliers of footwear imports to South Korea, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest footwear suppliers to South Korea were China ($X), Viet Nam ($X) and Italy ($X), together accounting for X% of total imports.

In terms of the main suppliers, Viet Nam recorded the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average footwear import price amounted to $X per pair, dropping by -X% against the previous year. Over the period under review, the import price indicated a temperate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per pair in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Indonesia ($X per pair) and Bangladesh ($X per pair), while the price for Viet Nam ($X per pair) and China ($X per pair) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
• Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
• Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
• Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
• Prodcom 15201351 - Men
• Prodcom 15201352 - Women
• Prodcom 15201353 - Children
• Prodcom 15201361 - Men
• Prodcom 15201362 - Women
• Prodcom 15201363 - Children
• Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
• Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
• Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
• Prodcom 15201231 - Town footwear with rubber or plastic uppers
• Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
• Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

This report provides an in-depth analysis of the footwear 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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