Republic of Korea: Women’S Bathrobe Market 2024

Women’S Bathrobe Market Size in Republic of Korea

In 2021, the South Korean women’s bathrobe market increased by 56% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Women’S Bathrobe Production in Republic of Korea

In value terms, women’s bathrobe production totaled $X in 2021 estimated in export price. In general, production saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9%. Women’s bathrobe production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Women’S Bathrobe Exports

Exports from Republic of Korea

In 2021, women’s bathrobe exports from South Korea reduced dramatically to X units, with a decrease of -42.9% compared with 2020 figures. Overall, exports showed a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of 200% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, women’s bathrobe exports reduced markedly to $X in 2021. In general, exports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 241% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for women’s bathrobe exports from South Korea, with a 63% share of total exports. Moreover, women’s bathrobe exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was held by Japan (X units), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.5% per year) and Japan (-2.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for women’s negligees, bathrobes and dressing gowns of knitted or crocheted textiles exports from South Korea, comprising 60% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.8% per year) and Japan (-2.2% per year).

Export Prices by Country

In 2021, the average women’s bathrobe export price amounted to $X per unit, picking up by 19% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 31%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($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 China (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Women’S Bathrobe Imports

Imports into Republic of Korea

In 2021, women’s bathrobe imports into South Korea surged to X units, jumping by 57% compared with 2020. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 67% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, women’s bathrobe imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Vietnam (X units) and Indonesia (X units) were the main suppliers of women’s bathrobe imports to South Korea, with a combined 86% share of total imports. These countries were followed by Bangladesh, Cambodia, India and the Philippines, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +86.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest women’s bathrobe suppliers to South Korea were Vietnam ($X), China ($X) and Indonesia ($X), with a combined 83% share of total imports. These countries were followed by Bangladesh, Cambodia, the Philippines and India, which together accounted for a further 15%.

Among the main suppliers, Bangladesh, with a CAGR of +88.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average women’s bathrobe import price stood at $X per unit in 2021, dropping by -5.2% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 80% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform