Republic of Korea: Market for Toilet And Kitchen Linen 2024

Market Size for Toilet And Kitchen Linen in Republic of Korea

The South Korean toilet and kitchen linen market shrank to $X in 2021, which is down by -4% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.4% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Toilet And Kitchen Linen in Republic of Korea

In value terms, toilet and kitchen linen production declined to $X in 2021 estimated in export price. Over the period under review, production saw a temperate increase. The growth pace was the most rapid in 2015 when the production volume increased by 43%. Toilet and kitchen linen production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Toilet And Kitchen Linen

Exports from Republic of Korea

In 2021, toilet and kitchen linen exports from South Korea soared to X units, jumping by 48% against the previous year. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 87% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, toilet and kitchen linen exports soared to $X in 2021. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 73%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Mongolia (X units) and Japan (X units) were the main destinations of toilet and kitchen linen exports from South Korea, together accounting for 63% of total exports. China, Russia, Vietnam, Panama, Taiwan (Chinese), Poland, Hong Kong SAR, Canada and Australia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +149.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Mongolia ($X) were the largest markets for toilet and kitchen linen exported from South Korea worldwide, with a combined 65% share of total exports. These countries were followed by China, Russia, Panama, Hong Kong SAR, Canada, Taiwan (Chinese), Australia, Poland and Vietnam, which together accounted for a further 26%.

Poland, with a CAGR of +115.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average toilet and kitchen linen export price stood at $X per unit in 2021, falling by -7% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the 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 Japan ($X per unit), while the average price for exports to Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Toilet And Kitchen Linen

Imports into Republic of Korea

In 2021, approx. X units of toilet and kitchen linen were imported into South Korea; rising by 1.7% compared with 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 9.2%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, toilet and kitchen linen imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X units) constituted the largest supplier of toilet and kitchen linen to South Korea, with a 74% share of total imports. Moreover, toilet and kitchen linen imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and India (+15.3% per year).

In value terms, Vietnam ($X) constituted the largest supplier of toilet and kitchen linen to South Korea, comprising 69% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Vietnam stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and India (+11.6% per year).

Import Prices by Country

In 2021, the average toilet and kitchen linen import price amounted to $X per unit, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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