
Republic of Korea - Men's or Boys' Clothing (Knitted or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Men Knitwear Market 2025
Men Knitwear Market Size in Republic of Korea
In 2022, the South Korean men knitwear market increased by 26% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption posted buoyant growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.
Men Knitwear Production in Republic of Korea
In value terms, men knitwear production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 74%. Men knitwear production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.
Men Knitwear Exports
Exports from Republic of Korea
In 2022, overseas shipments of men's or boys' clothing (knitted or crocheted) decreased by -38.7% to X units, falling for the second consecutive year after nine years of growth. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 340%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, men knitwear exports shrank significantly to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 373%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
Exports by Country
Japan (X units) was the main destination for men knitwear exports from South Korea, accounting for a 69% share of total exports. Moreover, men knitwear exports to Japan exceeded the volume sent to the second major destination, the United States (X units), sixfold. China (X units) ranked third in terms of total exports with a 5.1% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +100.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+92.9% per year) and China (+65.6% per year).
In value terms, Japan ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from South Korea, comprising 61% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports. It was followed by the United States, with a 9.8% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+34.5% per year) and the United States (+32.6% per year).
Export Prices by Country
The average men knitwear export price stood at $X per unit in 2022, jumping by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Libya ($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 Libya (-9.9%), while the prices for the other major destinations experienced a decline.
Men Knitwear Imports
Imports into Republic of Korea
For the eleventh year in a row, South Korea recorded growth in supplies from abroad of men's or boys' clothing (knitted or crocheted), which increased by 18% to X units in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, men knitwear imports expanded significantly to $X in 2022. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Imports by Country
Vietnam (X units), China (X units) and Bangladesh (X units) were the main suppliers of men knitwear imports to South Korea, with a combined 73% share of total imports. Cambodia, Indonesia, Myanmar, Pakistan and Italy lagged somewhat behind, together comprising a further 16%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +78.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($X), China ($X) and Bangladesh ($X) constituted the largest men knitwear suppliers to South Korea, together accounting for 72% of total imports. Cambodia, Indonesia, Italy, Myanmar and Pakistan lagged somewhat behind, together comprising a further 17%.
Pakistan, with a CAGR of +36.5%, saw the highest growth rate of the value of imports, among 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 2022, the average men knitwear import price amounted to $X per unit, shrinking by -6.6% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 7.2%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Pakistan ($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 (-2.0%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the men knitwear 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 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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