Republic of Korea: Market for Tailor Dummies And Automata 2025

Market Size for Tailor Dummies And Automata in Republic of Korea

After two years of decline, the South Korean tailor dummies and automata market increased by 16% to $X in 2021. In general, consumption saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Tailor Dummies And Automata in Republic of Korea

In value terms, tailor dummies and automata production surged to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 55% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Tailor Dummies And Automata

Exports from Republic of Korea

In 2021, the amount of tailor dummies and automata exported from South Korea reduced sharply to X tons, with a decrease of -23.8% on the previous year. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when exports increased by 138% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, tailor dummies and automata exports dropped remarkably to $X in 2021. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for tailor dummies and automata exports from South Korea, with a 38% share of total exports. Moreover, tailor dummies and automata exports to Japan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+67.6% per year) and India (-10.7% per year).

In value terms, Japan ($X), the United Arab Emirates ($X) and the United States ($X) constituted the largest markets for tailor dummies and automata exported from South Korea worldwide, with a combined 68% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +81.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tailor dummies and automata export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tailor Dummies And Automata

Imports into Republic of Korea

In 2021, purchases abroad of tailor dummies and automata decreased by -27.9% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 51% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, tailor dummies and automata imports expanded modestly to $X in 2021. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 66%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of tailor dummies and automata to South Korea, with a 72% share of total imports. Moreover, tailor dummies and automata imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.4% per year) and Indonesia (+3.9% per year).

In value terms, China ($X) constituted the largest supplier of tailor dummies and automata to South Korea, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.3% per year) and Indonesia (+7.0% per year).

Import Prices by Country

The average tailor dummies and automata import price stood at $X per ton in 2021, increasing by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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