Latest Report Update: May 13, 2021

Republic of Korea - Perfumes And Toilet Waters - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Republic of Korea: Perfume Market Overview 2021

Webinar: Global Anhydrous Ammonia Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global anhydrous ammonia market.

Tuesday, June 15th, 2021 @ 10:00 am ET

Register Now

Perfume Market Size in Republic of Korea

The South Korean perfume market dropped notably to $X in 2020, with a decrease of -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). Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Perfume Exports

Exports from Republic of Korea

In 2020, the amount of perfumes and toilet waters exported from South Korea expanded rapidly to X tonnes, growing by X% against the year before. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, perfume exports rose rapidly to $X in 2020. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tonnes), Singapore (X tonnes) and Hong Kong SAR (X tonnes) were the main destinations of perfume exports from South Korea, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for perfume exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The average perfume export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, export price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, perfume export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) 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 more modest paces of growth.

Perfume Imports

Imports into Republic of Korea

In 2020, the amount of perfumes and toilet waters imported into South Korea dropped significantly to X tonnes, which is down by -X% compared with 2019 figures. Over the period under review, total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then fell sharply in the following year.

In value terms, perfume imports dropped rapidly to $X in 2020. Overall, imports, however, posted a modest expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2019, and then reduced sharply in the following year.

Imports by Country

France (X tonnes), the U.S. (X tonnes) and Italy (X tonnes) were the main suppliers of perfume imports to South Korea, with a combined X% share of total imports. These countries were followed by Spain, the UK and Germany, which together accounted for a further X 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of perfume to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average perfume import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for perfumes and toilet waters in the world?
+
India (1.4M tonnes) constituted the country with the largest volume of perfume consumption, accounting for 63% of total volume. Moreover, perfume consumption in India exceeded the figures recorded by the second-largest consumer, China (220K tonnes), sixfold. The U.S. (117K tonnes) ranked third in terms of total consumption with a 5.2% share.
What are the largest producers of perfumes and toilet waters in the world?
+
India (1.4M tonnes) constituted the country with the largest volume of perfume production, accounting for 65% of total volume. Moreover, perfume production in India exceeded the figures recorded by the second-largest producer, China (239K tonnes), sixfold. The third position in this ranking was occupied by France (106K tonnes), with a 4.8% share.
What are the leading suppliers of perfumes and toilet waters to Republic of Korea?
+
In value terms, France ($49M) constituted the largest supplier of perfume to South Korea, comprising 58% of total imports. The second position in the ranking was occupied by Italy ($11M), with a 13% share of total imports. It was followed by the U.S., with a 13% share.
What are the leading importers of perfumes and toilet waters from Republic of Korea?
+
In value terms, Singapore ($7.3M) emerged as the key foreign market for perfume exports from South Korea, comprising 29% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($1.8M), with a 7% share of total exports. It was followed by the United Arab Emirates, with a 6.9% share.
What is the average export price for perfumes and toilet waters in Republic of Korea?
+
The average perfume export price stood at $40,109 per tonne in 2020, growing by 3.2% against the previous year.
What is the average import price for perfumes and toilet waters in Republic of Korea?
+
In 2020, the average perfume import price amounted to $38,614 per tonne, shrinking by -17.5% against the previous year.

Product coverage:
• Prodcom 20421150 - Perfumes
• Prodcom 20421170 - Toilet waters

This report provides an in-depth analysis of the perfume 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Anhydrous Ammonia Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global anhydrous ammonia market.



Tuesday, June 15th, 2021 @ 10:00 am ET


Register

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 10:00 am ET


Register

Webinar: Global PVC Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global polyvinyl chloride market.



Thursday, July 1st, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data