Price for Embroidery; in the Piece, in Strips or in Motifs in South Korea - 2022
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in South Korea (FOB) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in South Korea (CIF) - 2022
- Exports of Embroidery; in the Piece, in Strips or in Motifs in South Korea
- Imports of Embroidery; in the Piece, in Strips or in Motifs in South Korea
Price for Embroidery; in the Piece, in Strips or in Motifs in South Korea (FOB) - 2022
In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $26,949 per ton, with an increase of 44% against the previous year. Overall, the export price, however, saw a pronounced descent. Over the period under review, the average export prices hit record highs at $42,608 per ton in 2012; however, from 2013 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 Nigeria ($81,213 per ton), while the average price for exports to the United Arab Emirates ($7,706 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in South Korea (CIF) - 2022
In December 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $25,067 per ton, declining by -12.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 44% m-o-m. As a result, import price attained the peak level of $41,850 per ton. From October 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($22,068 per ton), while the price for Vietnam ($9,470 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 China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Embroidery; in the Piece, in Strips or in Motifs in South Korea
For the third consecutive year, South Korea recorded decline in overseas shipments of embroidery; in the piece, in strips or in motifses, which decreased by -13.6% to 505 tons in 2022. Overall, exports continue to indicate a dramatic slump.
In value terms, exports of embroidery; in the piece, in strips or in motifses soared to $14M in 2022. In general, exports showed a dramatic curtailment.
| Export of Embroidery; in the Piece, in Strips or in Motifs in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 5.8 | 2.7 | 3.9 | 5.0 | -4.8% |
| United Arab Emirates | 3.0 | 1.1 | 0.6 | 1.3 | -24.3% |
| Thailand | 5.5 | 2.0 | 0.7 | 1.1 | -41.5% |
| Singapore | 1.7 | 0.7 | 0.3 | 0.8 | -22.2% |
| United States | 1.1 | 0.4 | 0.3 | 0.7 | -14.0% |
| Vietnam | 1.4 | 0.6 | 1.4 | 0.5 | -29.1% |
| Saudi Arabia | 3.9 | 0.8 | 0.3 | 0.4 | -53.2% |
| Italy | 0.7 | 0.1 | 0.1 | 0.4 | -17.0% |
| Indonesia | 0.8 | 0.4 | 0.7 | 0.4 | -20.6% |
| Peru | 0.8 | 0.2 | N/A | 0.4 | -20.6% |
| United Kingdom | 0.3 | 0.2 | N/A | 0.2 | -12.6% |
| Guatemala | 0.4 | 0.2 | 0.4 | 0.2 | -20.6% |
| Brazil | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Others | 10.0 | 3.3 | 2.2 | 2.2 | -39.6% |
| Total | 35.9 | 12.6 | 10.9 | 13.6 | -27.6% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from South Korea in 2022:
- United Arab Emirates (174.8 tons)
- Nigeria (61.0 tons)
- Vietnam (41.3 tons)
- Thailand (31.3 tons)
- Indonesia (28.5 tons)
- Singapore (20.4 tons)
- United States (16.7 tons)
- Peru (14.7 tons)
- Italy (11.6 tons)
- Guatemala (9.8 tons)
- Brazil (8.9 tons)
- United Kingdom (7.6 tons)
- Saudi Arabia (7.1 tons)
Imports of Embroidery; in the Piece, in Strips or in Motifs in South Korea
In 2022, purchases abroad of embroidery; in the piece, in strips or in motifses was finally on the rise to reach 232 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease.
In value terms, imports of embroidery; in the piece, in strips or in motifses soared to $6.8M in 2022. In general, imports, however, faced a deep reduction.
| Import of Embroidery; in the Piece, in Strips or in Motifs in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 3.0 | 2.5 | 3.9 | -14.3% |
| India | 1.2 | 1.0 | 1.4 | 1.3 | 2.7% |
| Vietnam | 0.7 | 0.3 | 0.2 | 0.3 | -24.6% |
| Turkey | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 1.3 | 0.9 | 0.9 | 1.1 | -5.4% |
| Total | 9.5 | 5.3 | 5.0 | 6.8 | -10.5% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to South Korea in 2022:
- China (185.9 tons)
- Vietnam (25.7 tons)
- Turkey (7.6 tons)
- India (3.9 tons)
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