Republic of Korea's Silk Fabric Market Report 2022 - Prices, Size, Forecast, and Companies (2022)

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Republic of Korea's Silk Fabric Market Report 2022 - Prices, Size, Forecast, and Companies (1)

Latest Report Update: Jun 27, 2022

Republic of Korea - Woven Fabrics of Silk or of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
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Silk Fabric Market Size in Republic of Korea

The South Korean silk fabric market totaled $X in 2021, picking up by X% against the previous year. Over the period under review, consumption showed prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Silk Fabric Production in Republic of Korea

In value terms, silk fabric production rose markedly to $X in 2021 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Silk fabric production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Silk Fabric Exports

Exports from Republic of Korea

In 2021, shipments abroad of woven fabrics of silk or of silk waste was finally on the rise to reach X square meters for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for silk fabric exports from South Korea, accounting for a X% share of total exports. Moreover, silk fabric exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X square meters), fourfold. The United Arab Emirates (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, the United States ($X) remains the key foreign market for silk fabric exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and China (-X% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per square meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was France ($X per square meter), while the average price for exports to Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Republic of Korea

In 2021, approx. X square meters of woven fabrics of silk or of silk waste were imported into South Korea; picking up by X% against the previous year's figure. Overall, imports, however, showed a abrupt downturn. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports soared to $X in 2021. In general, imports, however, saw a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) was the main silk fabric supplier to South Korea, accounting for a X% share of total imports. It was followed by Italy (X square meters), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of silk fabric to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%.

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per square meter), while the price for China stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform

Base YearHistorical PeriodForecast PeriodUnits
20212007-20212022-2030US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?

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The country with the largest volume of silk fabric consumption was Russia, accounting for 33% of total volume. Moreover, silk fabric consumption in Russia exceeded the figures recorded by the second-largest consumer, China, twofold. Belarus ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of woven fabrics of silk or of silk waste in the world?

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The country with the largest volume of silk fabric production was Russia, accounting for 32% of total volume. Moreover, silk fabric production in Russia exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by Belarus, with an 8.3% share.

What are the leading suppliers of woven fabrics of silk or of silk waste to Republic of Korea?

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In value terms, China constituted the largest supplier of silk fabric to South Korea, comprising 93% of total imports. The second position in the ranking was occupied by Italy, with a 4% share of total imports.

What are the leading importers of woven fabrics of silk or of silk waste from Republic of Korea?

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In value terms, the United States remains the key foreign market for silk fabric exports from South Korea, comprising 44% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 16% share of total exports. It was followed by China, with a 7% share.

What is the average export price for woven fabrics of silk or of silk waste in Republic of Korea?

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In 2021, the average silk fabric export price amounted to $154 per square meter, picking up by 7.9% against the previous year.

What is the average import price for woven fabrics of silk or of silk waste in Republic of Korea?

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In 2021, the average silk fabric import price amounted to $103 per square meter, increasing by 5.3% against the previous year.

This report provides an in-depth analysis of the silk 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 13201100 - Woven fabrics of silk or silk waste

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1

KEY FINDINGS

2.2

MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1

MARKET SIZE

3.2

MARKET STRUCTURE

3.3

TRADE BALANCE

3.4

PER CAPITA CONSUMPTION

3.5

MARKET FORECAST TO 2030

4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO

4.1

TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS

4.2

BEST-SELLING PRODUCTS

4.3

MOST CONSUMED PRODUCT

4.4

MOST TRADED PRODUCT

4.5

MOST PROFITABLE PRODUCT FOR EXPORT

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

5.1

TOP COUNTRIES TO SOURCE YOUR PRODUCT

5.2

TOP PRODUCING COUNTRIES

5.3

TOP EXPORTING COUNTRIES

5.4

LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO

6.1

TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT

6.2

TOP CONSUMING MARKETS

6.3

UNSATURATED MARKETS

6.4

TOP IMPORTING MARKETS

6.5

MOST PROFITABLE MARKETS

7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1

PRODUCTION VOLUME AND VALUE

8. IMPORTS

The Largest Import Supplying Countries

8.1

IMPORTS FROM 2012–2021

8.2

IMPORTS BY COUNTRY

8.3

IMPORT PRICES BY COUNTRY

9. EXPORTS

The Largest Destinations for Exports

9.1

EXPORTS FROM 2012–2021

9.2

EXPORTS BY COUNTRY

9.3

EXPORT PRICES BY COUNTRY

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

Table 1:

Key Findings In 2021

Table 3:

Market Value, 2012–2021

Table 4:

Per Capita Consumption In 2012–2021

Table 5:

Imports, In Physical Terms, By Country, 2012–2021

Table 6:

Imports, In Value Terms, By Country, 2012–2021

Table 7:

Import Prices, By Country Of Origin, 2012–2021

Table 8:

Exports, In Physical Terms, By Country, 2012–2021

Table 9:

Exports, In Value Terms, By Country, 2012–2021

Table 10:

Export Prices, By Country Of Destination, 2012–2021

LIST OF FIGURES

Figure 1:

Market Volume, In Physical Terms, 2012–2021

Figure 2:

Market Value, 2012–2021

Figure 3:

Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021

Figure 4:

Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021

Figure 5:

Trade Balance, In Physical Terms, 2012–2021

Figure 6:

Trade Balance, In Value Terms, 2012–2021

Figure 7:

Per Capita Consumption, 2012–2021

Figure 8:

Market Forecast To 2030

Figure 9:

Products: Market Size And Growth, By Type

Figure 10:

Products: Average Per Capita Consumption, By Type

Figure 11:

Products: Exports And Growth, By Type

Figure 12:

Products: Export Prices And Growth, By Type

Figure 13:

Production Volume And Growth

Figure 14:

Exports And Growth

Figure 15:

Export Prices And Growth

Figure 16:

Market Size And Growth

Figure 17:

Per Capita Consumption

Figure 18:

Imports And Growth

Figure 19:

Import Prices

Figure 20:

Production, In Physical Terms, 2012–2021

Figure 21:

Production, In Value Terms, 2012–2021

Figure 22:

Imports, In Physical Terms, 2012–2021

Figure 23:

Imports, In Value Terms, 2012–2021

Figure 24:

Imports, In Physical Terms, By Country, 2021

Figure 25:

Imports, In Physical Terms, By Country, 2012–2021

Figure 26:

Imports, In Value Terms, By Country, 2012–2021

Figure 27:

Import Prices, By Country Of Origin, 2012–2021

Figure 28:

Exports, In Physical Terms, 2012–2021

Figure 29:

Exports, In Value Terms, 2012–2021

Figure 30:

Exports, In Physical Terms, By Country, 2021

Figure 31:

Exports, In Physical Terms, By Country, 2012–2021

Figure 32:

Exports, In Value Terms, By Country, 2012–2021

Figure 33:

Export Prices, By Country Of Destination, 2012–2021

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