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Republic of Korea - Tufted Textile Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Tufted Textile Fabric Market 2024
Tufted Textile Fabric Market Size in Republic of Korea
In 2023, the South Korean tufted textile fabric market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, recorded a noticeable slump. Tufted textile fabric consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.
Tufted Textile Fabric Production in Republic of Korea
In value terms, tufted textile fabric production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.
Tufted Textile Fabric Exports
Exports from Republic of Korea
Tufted textile fabric exports from South Korea reduced modestly to X square meters in 2023, approximately mirroring the previous year's figure. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
In value terms, tufted textile fabric exports expanded rapidly to $X in 2023. In general, exports saw a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Canada (X square meters) and China (X square meters) were the main destinations of tufted textile fabric exports from South Korea.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%).
In value terms, China ($X) emerged as the key foreign market for tufted textile fabrics exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%.
Export Prices by Country
In 2023, the average tufted textile fabric export price amounted to $X per square meter, with an increase of X% against the previous year. Overall, the export price recorded a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per square meter in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Canada stood at $X per square meter.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Tufted Textile Fabric Imports
Imports into Republic of Korea
In 2023, the amount of tufted textile fabrics imported into South Korea contracted to X square meters, shrinking by X% compared with 2022. Over the period under review, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X square meters in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, tufted textile fabric imports contracted dramatically to $X in 2023. Overall, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, China (X square meters) was the main supplier of tufted textile fabric to South Korea, accounting for a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from China totaled X%.
In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to South Korea.
From 2012 to 2023, the average annual growth rate of value from China stood at X%.
Import Prices by Country
In 2023, the average tufted textile fabric import price amounted to $X per square meter, waning by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, tufted textile fabric import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price attained the peak level of $X per square meter, and then fell notably in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the tufted textile 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 13204500 - Tufted textile fabrics (excluding tufted carpets and other textile floor coverings)
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
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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
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