Price for Textiles; Worn Clothing and Other Worn Articles in South Korea - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in South Korea (FOB) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in South Korea (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in South Korea
- Imports of Textiles; Worn Clothing and Other Worn Articles in South Korea
Price for Textiles; Worn Clothing and Other Worn Articles in South Korea (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $1,261 per ton in December 2022, falling by -8.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average export price increased by 5% m-o-m. As a result, the export price attained the peak level of $1,378 per ton. From November 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Chile ($2,555 per ton), while the average price for exports to India ($579 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in South Korea (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $423 per ton in 2022, picking up by 9.4% against the previous year. Overall, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 9.8% against the previous year. Over the period under review, average import prices attained the peak figure at $498 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,485 per ton), while the price for Japan ($282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in South Korea
Exports of textiles; worn clothing and other worn articleses from South Korea shrank markedly to 130K tons in 2022, reducing by -61.2% on the previous year. Over the period under review, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of 335K tons, and then shrank rapidly in the following year.
In value terms, exports of textiles; worn clothing and other worn articleses contracted dramatically to $114M in 2022. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $347M, and then dropped dramatically in the following year.
| Export of Textiles; Worn Clothing and Other Worn Articles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.4 | 12.0 | 58.0 | 27.7 | 72.5% |
| Malaysia | 51.7 | 41.5 | 70.6 | 27.4 | -19.1% |
| Pakistan | 44.0 | 41.1 | 49.3 | 13.6 | -32.4% |
| Cambodia | 89.2 | 70.3 | 53.1 | 12.4 | -48.2% |
| Thailand | 28.9 | 24.8 | 31.3 | 8.4 | -33.8% |
| Tanzania | 20.6 | 20.2 | 19.6 | 5.8 | -34.5% |
| Philippines | 16.4 | 15.6 | 15.4 | 3.5 | -40.2% |
| Mongolia | 9.2 | 9.4 | 9.0 | 3.3 | -28.9% |
| India | 20.6 | 4.4 | 3.4 | 2.1 | -53.3% |
| Kenya | 10.8 | 4.9 | 8.0 | 2.0 | -43.0% |
| Others | 40.3 | 44.5 | 29.3 | 7.5 | -42.9% |
| Total | 337 | 289 | 347 | 114 | -30.3% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from South Korea in 2022:
- Malaysia (29.8K tons)
- Pakistan (20.9K tons)
- Thailand (18.2K tons)
- Cambodia (15.5K tons)
- Philippines (13.0K tons)
- Chile (10.3K tons)
- Tanzania (5.2K tons)
- India (4.2K tons)
- Mongolia (2.6K tons)
- Kenya (2.1K tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in South Korea
In 2022, approx. 40K tons of textiles; worn clothing and other worn articleses were imported into South Korea; with an increase of 2.7% compared with the previous year. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7%.
In value terms, imports of textiles; worn clothing and other worn articleses amounted to $17M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15%.
| Import of Textiles; Worn Clothing and Other Worn Articles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.6 | 8.0 | 9.7 | 9.5 | -9.0% |
| China | 0.6 | 0.5 | 0.6 | 2.6 | 63.0% |
| United Arab Emirates | 0.4 | 0.7 | 1.0 | 1.5 | 55.4% |
| Hong Kong SAR | 0.8 | 1.2 | N/A | 0.6 | -9.1% |
| Others | 2.6 | 2.5 | 3.6 | 2.5 | -1.3% |
| Total | 17.0 | 13.0 | 14.9 | 16.7 | -0.6% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to South Korea in 2022:
- Japan (33.5K tons)
- United Arab Emirates (2.6K tons)
- China (1.1K tons)
- Hong Kong SAR (0.7K tons)
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