Republic of Korea: Non-Knitted Women Apparel Market 2024

Non-Knitted Women Apparel Market Size in Republic of Korea

The South Korean non-knitted women apparel market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, showed a noticeable decline. Non-knitted women apparel consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Knitted Women Apparel Production in Republic of Korea

In value terms, non-knitted women apparel production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Non-Knitted Women Apparel Exports

Exports from Republic of Korea

In 2022, non-knitted women apparel exports from South Korea reached X units, growing by X% compared with 2021 figures. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-knitted women apparel exports rose remarkably to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X units) was the main destination for non-knitted women apparel exports from South Korea, with a X% share of total exports. Moreover, non-knitted women apparel exports to China exceeded the volume sent to the second major destination, Japan (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) remains the key foreign market for women's or girls' clothing (not knitted or crocheted) exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

The average non-knitted women apparel export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Japan ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Non-Knitted Women Apparel Imports

Imports into Republic of Korea

In 2022, approx. X units of women's or girls' clothing (not knitted or crocheted) were imported into South Korea; growing by X% against the previous year's figure. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-knitted women apparel imports reached $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value 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 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X units), Vietnam (X units) and Myanmar (X units) were the main suppliers of non-knitted women apparel imports to South Korea, with a combined X% share of total imports. Italy, Bangladesh, Indonesia and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-knitted women apparel suppliers to South Korea were China ($X), Vietnam ($X) and Italy ($X), with a combined X% share of total imports. Myanmar, Indonesia, Romania and Bangladesh lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-knitted women apparel import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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