Price for Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea - 2022

Contents:

1. Price for Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea (CIF) - 2022
2. Price for Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea (FOB) - 2022
3. Imports of Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea
4. Exports of Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea

Price for Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea (CIF) - 2022

The average import price for bed linen, table linen, toilet linen and kitchen linens stood at $8.4 per unit in December 2022, standing approximately at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 5.5% m-o-m. As a result, import price reached the peak level of $9.1 per unit. From March 2022 to December 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were China ($2.4 per unit) and India ($2.4 per unit), while the price for Vietnam ($2.1 per unit) and Indonesia ($2.3 per unit) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea (FOB) - 2022

In 2022, the average export price for bed linen, table linen, toilet linen and kitchen linens amounted to $13 per unit, surging by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 46% against the previous year. The export price peaked at $16 per unit in 2013; however, from 2014 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 France ($37 per unit), while the average price for exports to the United Arab Emirates ($2.5 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 the Philippines (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea

Imports of bed linen, table linen, toilet linen and kitchen linens into South Korea amounted to 19M units in 2022, almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 8%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of bed linen, table linen, toilet linen and kitchen linens rose markedly to $163M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Bed Linen, Table Linen, Toilet Linen and Kitchen Linen to South Korea in 2022:

1. China (9.2M units)
2. Vietnam (7.2M units)
3. Indonesia (0.8M units)
4. India (0.7M units)
5. Germany (0.1M units)

Exports of Bed Linen, Table Linen, Toilet Linen and Kitchen Linen in South Korea

In 2022, exports of bed linen, table linen, toilet linen and kitchen linens from South Korea declined dramatically to 746K units, waning by -26.3% on 2021 figures. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, the exports of hit record highs at 1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of bed linen, table linen, toilet linen and kitchen linens declined sharply to $9.8M in 2022. In general, exports saw a deep setback. The smallest decline of -3.1% was in 2021. The exports peaked at $14M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Bed Linen, Table Linen, Toilet Linen and Kitchen Linen from South Korea in 2022:

1. United States (124.7K units)
2. Malaysia (93.1K units)
3. Vietnam (80.6K units)
4. Philippines (69.4K units)
5. China (68.1K units)
6. Canada (51.6K units)
7. Chile (50.8K units)
8. Australia (41.7K units)
9. Japan (38.5K units)
10. Mongolia (23.5K units)
11. United Arab Emirates (19.2K units)
12. Singapore (10.0K units)
13. Kyrgyzstan (9.5K units)

Source: IndexBox Market Intelligence Platform