Republic of Korea: Women Swimwear Market 2024

Women Swimwear Market Size in Republic of Korea

In 2022, after three years of decline, there was significant growth in the South Korean women swimwear market, when its value increased by X% to $X. In general, consumption, however, showed a abrupt curtailment. Women swimwear consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Women Swimwear Production in Republic of Korea

In value terms, women swimwear production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Women swimwear production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Women Swimwear Exports

Exports from Republic of Korea

In 2022, the amount of womens swimwear (excluding of knitted or crocheted textiles) exported from South Korea shrank to X units, which is down by X% compared with 2021. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, women swimwear exports shrank to $X in 2022. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Mongolia (X units) was the main destination for women swimwear exports from South Korea, with a X% share of total exports. Moreover, women swimwear exports to Mongolia exceeded the volume sent to the second major destination, the United States (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mongolia amounted to X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, Mongolia ($X) emerged as the key foreign market for womens swimwear (excluding of knitted or crocheted textiles) exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mongolia amounted to X.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average women swimwear export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 China ($X per unit), while the average price for exports to Brazil ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Women Swimwear Imports

Imports into Republic of Korea

In 2022, supplies from abroad of womens swimwear (excluding of knitted or crocheted textiles) was finally on the rise to reach X units after two years of decline. Overall, imports saw a buoyant increase. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, women swimwear imports soared to $X in 2022. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of women swimwear to South Korea, with a X% share of total imports. It was followed by Thailand (X units), with a X% share of total imports. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of womens swimwear (excluding of knitted or crocheted textiles) to South Korea, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Italy (X% per year).

Import Prices by Country

The average women swimwear import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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