Republic of Korea - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKnitted Fabric Price in South Korea - 2022
Contents:
- Knitted Fabric Price in South Korea (FOB) - 2022
- Knitted Fabric Price in South Korea (CIF) - 2022
- Knitted Fabric Exports in South Korea
- Knitted Fabric Imports in South Korea
Knitted Fabric Price in South Korea (FOB) - 2022
In December 2022, the average knitted fabric export price amounted to $8,086 per ton, with a decrease of -1.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average export price increased by 7.1% month-to-month. As a result, the export price attained the peak level of $8,284 per ton. From October 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Cambodia ($11,160 per ton), while the average price for exports to the United Arab Emirates ($3,125 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Knitted Fabric Price in South Korea (CIF) - 2022
The average knitted fabric import price stood at $6,595 per ton in December 2022, increasing by 21% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was India ($68,973 per ton), while the price for Vietnam ($3,347 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Knitted Fabric Exports in South Korea
In 2022, the amount of knitted or crocheted fabrics exported from South Korea shrank to 294K tons, reducing by -6.2% compared with the previous year's figure. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
In value terms, knitted fabric exports dropped to $2.3B in 2022. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 16%.
Export of Knitted Fabric in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Vietnam | 1,014 | 866 | 931 | -4.2% | |
Indonesia | 411 | 321 | 396 | -1.8% | |
United States | 184 | 153 | 209 | 6.6% | |
China | 197 | 129 | 152 | -12.2% | |
Philippines | 83.5 | 57.8 | 73.3 | -6.3% | |
Cambodia | 75.0 | 67.8 | 71.4 | -2.4% | |
Haiti | 36.7 | 42.6 | 58.9 | 26.7% | |
Turkey | 92.6 | 48.9 | 58.4 | -20.6% | |
Others | 630 | 408 | 479 | -12.8% | |
Total | 2,723 | 2,094 | 2,429 | -5.6% |
Top Export Markets for Knitted Fabric from South Korea in 2022:
- Vietnam (104.4K tons)
- Indonesia (42.8K tons)
- United States (34.6K tons)
- China (16.4K tons)
- Turkey (13.4K tons)
- Haiti (8.9K tons)
- Cambodia (8.6K tons)
- Philippines (8.4K tons)
Knitted Fabric Imports in South Korea
Knitted fabric imports into South Korea dropped markedly to 23K tons in 2022, reducing by -15.4% against 2021. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, imports reached the peak of 27K tons, and then shrank sharply in the following year.
In value terms, knitted fabric imports fell to $131M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports attained the peak of $154M, and then shrank in the following year.
Import of Knitted Fabric in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 56.2 | 50.3 | 66.0 | 8.4% | |
Vietnam | 19.2 | 13.9 | 28.2 | 21.2% | |
Japan | 15.6 | 11.4 | 15.8 | 0.6% | |
India | 3.8 | 4.0 | 15.7 | 103.3% | |
Taiwan (Chinese) | 4.0 | 3.0 | 5.4 | 16.2% | |
Turkey | 1.1 | 2.0 | 4.6 | 104.5% | |
Indonesia | 2.6 | 3.8 | 3.2 | 10.9% | |
Others | 23.2 | 19.8 | 15.3 | -18.8% | |
Total | 126 | 108 | 154 | 10.6% |
Top Suppliers of Knitted Fabric to South Korea in 2022:
- China (14.2K tons)
- Vietnam (8.3K tons)
- India (3.8K tons)
- Indonesia (0.7K tons)
- Turkey (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Japan (0.4K tons)
This report provides an in-depth analysis of the knitted fabric 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
- Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
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
- Find deeper insights into current market developments
- 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
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the knitted fabric market in Republic of Korea.
This report provides an in-depth analysis of the market for pile fabrics and terry fabrics in Republic of Korea.
This report provides an in-depth analysis of the global knitted fabric market.
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
This report provides an in-depth analysis of the knitted fabric market in Republic of Korea.
This report provides an in-depth analysis of the market for pile fabrics and terry fabrics in Republic of Korea.
This report provides an in-depth analysis of the global knitted fabric market.
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
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