Price for Handkerchiefs (Not Knitted or Crocheted) in South Korea - 2022

Contents:

  1. Price for Handkerchiefs (Not Knitted or Crocheted) in South Korea (CIF) - 2022
  2. Price for Handkerchiefs (Not Knitted or Crocheted) in South Korea (FOB) - 2022
  3. Imports of Handkerchiefs (Not Knitted or Crocheted) in South Korea
  4. Exports of Handkerchiefs (Not Knitted or Crocheted) in South Korea

Price for Handkerchiefs (Not Knitted or Crocheted) in South Korea (CIF) - 2022

The average import price for handkerchiefs (not knitted or crocheted)s stood at $894 per thousand units in December 2022, picking up by 281% against 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 307% month-to-month. As a result, import price reached the peak level of $6.0 per unit. From March 2022 to December 2022, the average 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 Japan ($3.6 per unit), while the price for China stood at $562 per thousand units.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%).

Price for Handkerchiefs (Not Knitted or Crocheted) in South Korea (FOB) - 2022

In 2022, the average export price for handkerchiefs (not knitted or crocheted)s amounted to $2.1 per unit, which is down by -2.4% against the previous year. Over the period under review, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2016 an increase of 19%. The export price peaked at $2.5 per unit 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 Canada ($2.8 per unit), while the average price for exports to Taiwan (Chinese) ($0.6 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 United States (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Handkerchiefs (Not Knitted or Crocheted) in South Korea

In 2022, approx. 2.3M units of handkerchiefs (not knitted or crocheted)s were imported into South Korea; remaining constant against 2021. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 2.3%. Imports peaked at 3.7M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, handkerchiefs (not knitted or crocheted) imports reduced to $1.9M in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 4.2%. Imports peaked at $2.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Handkerchiefs (Not Knitted or Crocheted) in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,523959965985-13.5%
Japan17226836932223.2%
India83.287.544.861.6-9.5%
Others5265455605310.3%
Total2,3051,8601,9391,900-6.2%

Top Suppliers of Handkerchiefs (Not Knitted or Crocheted) to South Korea in 2022:

  1. China (2062.3K units)
  2. Japan (66.1K units)
  3. India (41.4K units)

Exports of Handkerchiefs (Not Knitted or Crocheted) in South Korea

In 2022, overseas shipments of handkerchiefs (not knitted or crocheted)s were finally on the rise to reach 632K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt slump. The exports peaked at 1.1M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, handkerchiefs (not knitted or crocheted) exports stood at $1.4M in 2022. Over the period under review, exports, however, saw a abrupt descent. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Handkerchiefs (Not Knitted or Crocheted) in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan1,6121,2099381,017-14.2%
China24012.115.872.4-32.9%
United States82.195.170.267.0-6.6%
Canada7.011.552.343.383.6%
Belgium46.1N/A0.112.5-35.3%
Taiwan (Chinese)7.918.01.77.5-1.7%
Others233173118137-16.2%
Total2,2281,5191,1961,357-15.2%

Top Export Markets for Handkerchiefs (Not Knitted or Crocheted) from South Korea in 2022:

  1. Japan (454.1K units)
  2. China (57.0K units)
  3. United States (26.4K units)
  4. Canada (15.5K units)
  5. Taiwan (Chinese) (12.0K units)
  6. Belgium (9.8K units)

Source: IndexBox Market Intelligence Platform

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