Republic of Korea: Market for Chamois Leather and Combination Chamois Leather 2024

Market Size for Chamois Leather and Combination Chamois Leather in Republic of Korea

The South Korean market for chamois leather and combination chamois leather shrank slightly to $X in 2022, with a decrease of -1.9% against the previous year. Over the period under review, consumption showed a perceptible setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Chamois Leather and Combination Chamois Leather in Republic of Korea

In value terms, production of chamois leather and combination chamois leather declined slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Chamois Leather and Combination Chamois Leather

Exports from Republic of Korea

In 2022, overseas shipments of chamois leather and combination chamois leather were finally on the rise to reach X square meters after two years of decline. Overall, exports, however, saw a abrupt decline. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of chamois leather and combination chamois leather soared to $X in 2022. In general, exports, however, showed a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X square meters) was the main destination for exports of chamois leather and combination chamois leather from South Korea, accounting for a 56% share of total exports. Moreover, exports of chamois leather and combination chamois leather to Ukraine exceeded the volume sent to the second major destination, Russia (X square meters), twofold. The third position in this ranking was taken by Myanmar (X square meters), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Myanmar (-0.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for chamois leather and combination chamois leather exports from South Korea, comprising 50% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 15% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+12.6% per year) and China (+22.3% per year).

Export Prices by Country

The average export price for chamois leather and combination chamois leather stood at $X per square meter in 2022, waning by -12.6% against the previous year. Over the period under review, the export price saw a perceptible contraction. The growth pace was the most rapid in 2020 an increase of 62%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Ukraine ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chamois Leather and Combination Chamois Leather

Imports into Republic of Korea

Imports of chamois leather and combination chamois leather into South Korea skyrocketed to X square meters in 2022, with an increase of 376% on the previous year's figure. Over the period under review, imports enjoyed a noticeable increase. Over the period under review, imports of reached the peak figure at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of chamois leather and combination chamois leather skyrocketed to $X in 2022. Overall, imports showed moderate growth. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X square meters) constituted the largest chamois leather and combination chamois leather supplier to South Korea, accounting for a 40% share of total imports. Moreover, imports of chamois leather and combination chamois leather from Italy exceeded the figures recorded by the second-largest supplier, Pakistan (X square meters), fourfold. Tunisia (X square meters) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+8.9% per year) and Tunisia (-15.4% per year).

In value terms, Italy ($X) constituted the largest supplier of chamois leather and combination chamois leather to South Korea, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with an 8.7% share of total imports. It was followed by Pakistan, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+42.8% per year) and Pakistan (+7.1% per year).

Import Prices by Country

In 2022, the average import price for chamois leather and combination chamois leather amounted to $X per square meter, shrinking by -3.2% against the previous year. Overall, the import price, however, saw modest growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 110% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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