Report Update Nov 1, 2024

Republic of Korea - Travel Sets - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Travel Set Market 2024

Travel Set Market Size in Republic of Korea

After two years of growth, the South Korean travel set market decreased by -11.3% to $X in 2021. Over the period under review, consumption, however, showed strong growth. Travel set consumption peaked at $X in 2020, and then contracted in the following year.

Travel Set Production in Republic of Korea

In value terms, travel set production reduced sharply to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 189% against the previous year. Travel set production peaked at $X in 2020, and then contracted rapidly in the following year.

Travel Set Exports

Exports from Republic of Korea

In 2021, shipments abroad of travel sets decreased by -16.7% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports showed a mild decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 642%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, travel set exports contracted to $X in 2021. Overall, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 when exports increased by 373% 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

Russia (X units), Qatar (X units) and Nigeria (X units) were the main destinations of travel set exports from South Korea, together accounting for 39% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +161.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for travel set exported from South Korea were Hong Kong SAR ($X), Russia ($X) and Thailand ($X), with a combined 50% share of total exports. These countries were followed by Saudi Arabia, Australia, Israel, Qatar, Brazil, Peru, Rwanda, Canada, Nigeria and Oman, which together accounted for a further 28%.

Among the main countries of destination, Israel, with a CAGR of +136.5%, recorded the highest rates of growth with regard to 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 travel set export price stood at $X per unit in 2021, rising by 2% against the previous year. In general, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Oman ($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 Hong Kong SAR (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Republic of Korea

In 2021, imports of travel sets into South Korea was estimated at X units, increasing by 4.1% on 2020. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, travel set imports dropped to $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Hong Kong SAR (X units) and Vietnam (X units) were the main suppliers of travel set imports to South Korea, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +49.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest travel set suppliers to South Korea were China ($X), Hong Kong SAR ($X) and Turkey ($X), with a combined 85% share of total imports.

Hong Kong SAR, with a CAGR of +39.8%, recorded 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

The average travel set import price stood at $X per unit in 2021, with a decrease of -14.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for travel sets in the world?

The country with the largest volume of travel set consumption was China, accounting for 18% of total volume. Moreover, travel set consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. India ranked third in terms of total consumption with a 3.6% share.

What are the largest producers of travel sets in the world?

China constituted the country with the largest volume of travel set production, accounting for 37% of total volume. Moreover, travel set production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Pakistan, with a 3% share.

What are the leading suppliers of travel sets to Republic of Korea?

In value terms, China constituted the largest supplier of travel set to South Korea, comprising 61% of total imports. The second position in the ranking was occupied by the United States, with an 18% share of total imports.

What are the leading importers of travel sets from Republic of Korea?

In value terms, Hong Kong SAR emerged as the key foreign market for travel set exports from South Korea, comprising 81% of total exports. The second position in the ranking was occupied by China, with a 5% share of total exports. It was followed by the United Arab Emirates, with a 4.1% share.

What is the average export price for travel sets in Republic of Korea?

In 2021, the average travel set export price amounted to $1.5 per unit, growing by 470% against the previous year.

What is the average import price for travel sets in Republic of Korea?

In 2021, the average travel set import price amounted to $0.5 per unit, dropping by -13.3% against the previous year.

This report provides an in-depth analysis of the travel set 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 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)

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
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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
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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