Republic of Korea: Non-Knitted Women Apparel Market 2022

Non-Knitted Women Apparel Market Size in Republic of Korea

The South Korean non-knitted women apparel market surged to $X in 2021, jumping by X% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Non-knitted women apparel consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Non-Knitted Women Apparel Production in Republic of Korea

In value terms, non-knitted women apparel production soared to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable shrinkage. Non-knitted women apparel production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Non-Knitted Women Apparel Exports

Exports from Republic of Korea

In 2021, after three years of growth, there was significant decline in shipments abroad of women's or girls' clothing (not knitted or crocheted), when their volume decreased by -X% to X units. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, non-knitted women apparel exports declined to $X in 2021. Overall, exports saw a perceptible setback. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units), China (X units) and Hong Kong SAR (X units) were the main destinations of non-knitted women apparel exports from South Korea.

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

In value terms, China ($X) remains the key foreign market for non-knitted women apparel exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

In 2021, the average non-knitted women apparel export price amounted to $X per unit, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the the average export prices remained at a lower figure.

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

Non-Knitted Women Apparel Imports

Imports into Republic of Korea

For the fifth consecutive year, South Korea recorded growth in overseas purchases of women's or girls' clothing (not knitted or crocheted), which increased by X% to X units in 2021. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, non-knitted women apparel imports soared to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 -X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) constituted the largest non-knitted women apparel supplier to South Korea, with a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. Myanmar (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Vietnam ($X) and Italy ($X) constituted the largest non-knitted women apparel suppliers to South Korea, with a combined X% share of total imports.

Vietnam, with a CAGR of +X%, 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 2021, the average non-knitted women apparel import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :