Report Update Nov 1, 2024

Republic of Korea - Tanned or Dressed Furskins - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Republic of Korea

The South Korean tanned or dressed furskins market contracted to $X in 2022, shrinking by -11.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt setback. Tanned or dressed furskins consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports by Country

China (X units) was the main destination for tanned or dressed furskins exports from South Korea, with a 79% share of total exports. Moreover, tanned or dressed furskins exports to China exceeded the volume sent to the second major destination, Turkey (X units), fivefold. The third position in this ranking was taken by Vietnam (X units), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+28.8% per year) and Vietnam (-17.7% per year).

In value terms, China ($X) remains the key foreign market for tanned or dressed furskins exports from South Korea, comprising 63% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 18% share of total exports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-9.4% per year) and Turkey (+8.2% per year).

Export Prices by Country

In 2022, the average tanned or dressed furskins export price amounted to $X per unit, picking up by 14% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth was the most pronounced in 2019 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 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 ($X per unit), while the average price for exports to Turkey ($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 China (+12.8%), while the prices for the other major destinations experienced a decline.

Imports of Tanned or Dressed Furskins

Imports into Republic of Korea

Tanned or dressed furskins imports into South Korea shrank to X units in 2022, with a decrease of -9.9% against the previous year's figure. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tanned or dressed furskins imports contracted to $X in 2022. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2018 when imports increased by 42%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Spain (X units) were the main suppliers of tanned or dressed furskins imports to South Korea, together accounting for 84% of total imports. Thailand, Greece, Morocco and Italy lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +113.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Thailand ($X) appeared to be the largest tanned or dressed furskins suppliers to South Korea, together accounting for 79% of total imports.

Thailand, with a CAGR of +154.3%, recorded the highest growth rate of the value of imports, in terms of 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 tanned or dressed furskins import price amounted to $X per unit, with a decrease of -2.3% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 9.9%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Thailand ($X per unit), while the price for Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tanned or dressed furskins in the world?

Italy remains the largest tanned or dressed furskins consuming country worldwide, accounting for 35% of total volume. Moreover, tanned or dressed furskins consumption in Italy exceeded the figures recorded by the second-largest consumer, Spain, twofold. Turkey ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of tanned or dressed furskins in the world?

The countries with the highest volumes of in 2021 were Italy, Spain and Cambodia, with a combined 61% share of global production. These countries were followed by Turkey, Portugal, China, Argentina, New Zealand, Brazil, Malaysia and Poland, which together accounted for a further 32%.

What are the leading suppliers of tanned or dressed furskins to Republic of Korea?

In value terms, the largest tanned or dressed furskins suppliers to South Korea were China, Turkey and Spain, with a combined 75% share of total imports. Thailand, Italy, Greece and Morocco lagged somewhat behind, together comprising a further 15%.

What are the leading importers of tanned or dressed furskins from Republic of Korea?

In value terms, China, Hong Kong SAR and Vietnam constituted the largest markets for tanned or dressed furskins exported from South Korea worldwide, with a combined 91% share of total exports. These countries were followed by Turkey, which accounted for a further 7.7%.

What is the average export price for tanned or dressed furskins in Republic of Korea?

In 2021, the average tanned or dressed furskins export price amounted to $42 per unit, rising by 56% against the previous year.

What is the average import price for tanned or dressed furskins in Republic of Korea?

In 2021, the average tanned or dressed furskins import price amounted to $90 per unit, growing by 7.9% against the previous year.

This report provides an in-depth analysis of the market for tanned or dressed furskins 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 15111030 - Tanned or dressed whole furskins, not assembled, of rabbit, h are or lamb
Prodcom 15111050 - Tanned or dressed furskins or skins (excluding rabbit, hare or lamb)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023