Republic of Korea: Market for Chamois, Patent and Combination Leather 2025

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

The South Korean market for chamois, patent and combination leather dropped to $X in 2022, with a decrease of -9.8% against the previous year. Overall, consumption continues to indicate a pronounced reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

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

In value terms, chamois, patent and combination leather production reduced to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Chamois, Patent and Combination Leather

Exports from Republic of Korea

In 2022, the amount of chamois, patent and combination leather exported from South Korea contracted to X square meters, declining by -10.1% on the previous year. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 76%. The exports peaked at X square meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, chamois, patent and combination leather exports declined significantly to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 76% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X square meters), China (X square meters) and Indonesia (X square meters) were the main destinations of chamois, patent and combination leather exports from South Korea, with a combined 71% share of total exports. These countries were followed by Hong Kong SAR, Cambodia, Bangladesh and the Philippines, which together accounted for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +43.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for chamois, patent and combination leather exported from South Korea were Vietnam ($X), China ($X) and Indonesia ($X), together accounting for 74% of total exports. Hong Kong SAR, Cambodia, Bangladesh and the Philippines lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Cambodia, with a CAGR of +39.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for chamois, patent and combination leather stood at $X per square meter in 2022, declining by -12.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per square meter) and the Philippines ($X per square meter), while the average price for exports to Cambodia ($X per square meter) and Bangladesh ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chamois, Patent and Combination Leather

Imports into Republic of Korea

In 2022, purchases abroad of chamois, patent and combination leather increased by 0.3% to X square meters for the first time since 2017, thus ending a four-year declining trend. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 49% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, chamois, patent and combination leather imports reached $X in 2022. Overall, imports showed measured growth. The growth pace was the most rapid in 2014 when imports increased by 59%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X square meters) constituted the largest supplier of chamois, patent and combination leather to South Korea, accounting for a 46% share of total imports. Moreover, chamois, patent and combination leather imports from Italy exceeded the figures recorded by the second-largest supplier, Vietnam (X square meters), more than tenfold. India (X square meters) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.0% per year) and India (-25.9% per year).

In value terms, Italy ($X) constituted the largest supplier of chamois, patent and combination leather to South Korea, comprising 45% of total imports. The second position in the ranking was taken by India ($X), with a 2.6% share of total imports. It was followed by Vietnam, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-23.0% per year) and Vietnam (+9.6% per year).

Import Prices by Country

The average import price for chamois, patent and combination leather stood at $X per square meter in 2022, growing by 3.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, 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 India ($X per square meter), while the price for Hong Kong SAR ($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 Vietnam (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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