Price for Graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheted in South Korea - 2022
Contents:
- Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea (CIF) - 2022
- Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea (FOB) - 2022
- Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea
- Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea
Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea (CIF) - 2022
The average import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $6.2 per pair in December 2022, falling by -20.2% against the previous month. Overall, import price indicated a slight increase from December 2021 to December 2022: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds decreased by -20.2% against November 2022 indices. The most prominent rate of growth was recorded in October 2022 an increase of 38% month-to-month. Over the period under review, average import prices attained the peak figure at $8.6 per pair in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Switzerland ($11.0 per pair), while the price for China ($2.1 per pair) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea (FOB) - 2022
The average export price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $6.2 per pair in 2022, picking up by 2.5% against the previous year. In general, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,637%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($8.3 per pair), while the average price for exports to Hong Kong SAR ($1.2 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea
After three years of growth, overseas purchases of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds decreased by -0.6% to 2M pairs in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 40%. Over the period under review, imports of reached the maximum at 2.1M pairs in 2021, and then declined slightly in the following year.
In value terms, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds rose markedly to $14M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 2.4 | 1.9 | 3.5 | 27.2% |
| Taiwan (Chinese) | 1.2 | 3.0 | 4.2 | 3.4 | 41.5% |
| China | 0.8 | 0.9 | 1.6 | 1.9 | 33.4% |
| Switzerland | 0.7 | 0.8 | 1.2 | 1.3 | 22.9% |
| Germany | 0.7 | 0.7 | 0.7 | 0.9 | 8.7% |
| Italy | 0.6 | 0.6 | 0.6 | 0.7 | 5.3% |
| Mexico | 0.6 | 0.6 | 0.6 | 0.5 | -5.9% |
| Japan | 0.8 | 0.2 | 0.3 | 0.2 | -37.0% |
| Others | 1.5 | 1.3 | 1.3 | 1.3 | -4.7% |
| Total | 8.8 | 10.5 | 12.4 | 13.7 | 15.9% |
Top Suppliers of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted to South Korea in 2022:
- Taiwan (Chinese) (666.3K pairs)
- China (490.0K pairs)
- United States (352.2K pairs)
- Switzerland (119.7K pairs)
- Germany (103.3K pairs)
- Italy (81.4K pairs)
- Mexico (64.4K pairs)
- Japan (22.0K pairs)
Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea
In 2022, shipments abroad of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds increased by 104% to 19K pairs for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a significant curtailment. The exports peaked at 108K pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds surged to $120K in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,006% against the previous year. As a result, the exports reached the peak of $242K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | N/A | N/A | N/A | 44.0 | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 33.1 | 0% |
| Singapore | N/A | N/A | N/A | 18.5 | 0% |
| Japan | 0.2 | 0.5 | 11.5 | 12.4 | 295.8% |
| United States | 3.9 | 20.7 | 7.0 | 4.3 | 3.3% |
| China | 5.2 | 2.3 | 0.8 | 3.1 | -15.8% |
| Hong Kong SAR | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Vietnam | N/A | 190 | N/A | 0.3 | -96.0% |
| Libya | 2.4 | N/A | N/A | N/A | 0% |
| Others | 10.2 | 29.1 | 37.6 | 3.1 | -32.8% |
| Total | 21.9 | 242 | 57.3 | 120 | 76.3% |
Top Export Markets for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted from South Korea in 2022:
- Nicaragua (6.3K pairs)
- Taiwan (Chinese) (4.0K pairs)
- Japan (3.7K pairs)
- Singapore (2.4K pairs)
- United States (1.5K pairs)
- China (0.6K pairs)
- Hong Kong SAR (0.6K pairs)
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