Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea - 2022
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $235 per unit, jumping by 67% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. Over the period under review, average import prices attained the maximum at $386 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,101 per unit), while the price for China ($122 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea (FOB) - 2022
In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $534 per unit, rising by 44% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices attained the peak figure at $945 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($4,238 per unit), while the average price for exports to China ($155 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 Indonesia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea
In 2022, imports of articles of apparel, clothing accessories and other articles of furskin into South Korea contracted rapidly to 403K units, falling by -35.6% against 2021 figures. In general, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 +9.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports attained the peak of 626K units, and then shrank sharply in the following year.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin expanded markedly to $95M in 2022. Overall, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Imports peaked at $105M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.9 | 29.9 | 46.1 | 46.0 | -2.7% |
| Italy | 23.1 | 17.4 | 24.0 | 31.3 | 10.7% |
| Turkey | 12.3 | 5.9 | 4.8 | 3.2 | -36.2% |
| Vietnam | 2.0 | 0.5 | 1.4 | 1.3 | -13.4% |
| Others | 17.5 | 10.3 | 11.7 | 12.7 | -10.1% |
| Total | 105 | 64.0 | 88.1 | 94.6 | -3.4% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to South Korea in 2022:
- China (376.0K units)
- Italy (10.1K units)
- Vietnam (7.2K units)
- Turkey (4.5K units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea
Exports of articles of apparel, clothing accessories and other articles of furskin from South Korea declined dramatically to 14K units in 2022, falling by -40.9% on the year before. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, the exports reached the peak of 23K units, and then dropped significantly in the following year.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin contracted to $7.2M in 2022. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 2.3%. Over the period under review, the exports of hit record highs at $16M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 10.2 | 4.2 | 3.8 | 3.8 | -28.0% |
| United States | 0.1 | 0.2 | 0.7 | 0.5 | 71.0% |
| Indonesia | 0.9 | 0.4 | 0.7 | 0.4 | -23.7% |
| United Kingdom | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| China | 0.4 | 1.1 | 1.2 | 0.3 | -9.1% |
| Myanmar | N/A | N/A | N/A | 0.2 | 0% |
| Japan | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Others | 3.6 | 2.1 | 1.8 | 1.6 | -23.7% |
| Total | 15.8 | 8.3 | 8.5 | 7.2 | -23.0% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from South Korea in 2022:
- Vietnam (8.5K units)
- China (2.0K units)
- United States (0.7K units)
- Myanmar (0.6K units)
- Indonesia (0.6K units)
- United Kingdom (0.3K units)
- Japan (0.1K units)
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