Republic of Korea: Overview of the Market for Non-Wowen, Felt and Coated Textile Garments 2021

Market Size for Non-Wowen, Felt and Coated Textile Garments in Republic of Korea

In 2020, the South Korean market for non-wowen, felt and coated textile garments increased by X% to $X, rising for the fourth year in a row after three years of decline. In general, consumption saw a perceptible setback. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Production of Non-Wowen, Felt and Coated Textile Garments in Republic of Korea

In value terms, production of non-wowen, felt and coated textile garments skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a slight slump. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Exports of Non-Wowen, Felt and Coated Textile Garments

Exports from Republic of Korea

In 2020, approx. X units of non-wowen, felt and coated textile garments were exported from South Korea; with a decrease of -X% compared with the previous year. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of X units. from 2017 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of non-wowen, felt and coated textile garments rose modestly to $X in 2020. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2017 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

Romania (X units) was the main destination for exports of non-wowen, felt and coated textile garments from South Korea, with a X% share of total exports. Moreover, exports of non-wowen, felt and coated textile garments to Romania exceeded the volume sent to the second major destination, Israel (X units), fivefold. Bahrain (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+X% per year) and Bahrain (+X% per year).

In value terms, Romania ($X) emerged as the key foreign market for non-wowen, felt and coated textile garment exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Romania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Israel (+X% per year).

Export Prices by Country

In 2020, the average export price for non-wowen, felt and coated textile garments amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was China ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Wowen, Felt and Coated Textile Garments

Imports into Republic of Korea

In 2020, purchases abroad of non-wowen, felt and coated textile garments increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, imports of non-wowen, felt and coated textile garments reduced to $X in 2020. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest non-wowen, felt and coated textile garment supplier to South Korea, with a X% share of total imports. Moreover, imports of non-wowen, felt and coated textile garments from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), fourfold. The third position in this ranking was occupied by Viet Nam (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+X% per year) and Viet Nam (+X% per year).

In value terms, Viet Nam ($X), China ($X) and Indonesia ($X) were the largest non-wowen, felt and coated textile garment suppliers to South Korea, together comprising X% of total imports.

Indonesia (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for non-wowen, felt and coated textile garments amounted to $X per unit, declining by -X% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per unit. from 2014 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-wowen, felt and coated textile garments in the world?

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The countries with the highest volumes of consumption of non-wowen, felt and coated textile garments in 2020 were China (61M units), Spain (43M units) and India (24M units), together comprising 34% of global consumption. These countries were followed by the U.S., Russia, Brazil, Pakistan, Indonesia, Turkey, Australia, Bangladesh, Mexico and Italy, which together accounted for a further 29%.

What are the largest producers of non-wowen, felt and coated textile garments in the world?

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The countries with the highest volumes of production of non-wowen, felt and coated textile garments in 2020 were China (74M units), Spain (43M units) and India (25M units), together accounting for 38% of global production. These countries were followed by Russia, Honduras, Bangladesh, Indonesia, Pakistan, Brazil, Turkey, the U.S., Mexico and Cambodia, which together accounted for a further 31%.

What are the leading suppliers of non-wowen, felt and coated textile garments to Republic of Korea?

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In value terms, Viet Nam ($142M), China ($83M) and Indonesia ($25M) appeared to be the largest non-wowen, felt and coated textile garment suppliers to South Korea, together comprising 90% of total imports.

What are the leading importers of non-wowen, felt and coated textile garments from Republic of Korea?

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In value terms, Romania ($4.3M) emerged as the key foreign market for non-wowen, felt and coated textile garment exports from South Korea, comprising 50% of total exports. The second position in the ranking was occupied by China ($1.3M), with a 15% share of total exports. It was followed by Israel, with a 13% share.

What is the average export price for non-wowen, felt and coated textile garments in Republic of Korea?

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In 2020, the average export price for non-wowen, felt and coated textile garments amounted to $110 per unit, picking up by 30% against the previous year.

What is the average import price for non-wowen, felt and coated textile garments in Republic of Korea?

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The average import price for non-wowen, felt and coated textile garments stood at $304 per unit in 2020, with a decrease of -11.2% against the previous year.