With production value of USD15.4 billion, South Korea accounts for 2.8% of the Asia Pacific total in 2024. The industry’s exports share increases in 2024 to 11.1% of total production output. The industry’s profitability decreases and stands at 17.0% of production value in 2024, the eighth highest regionally. The costs of the industry increase by 0.7% in 2024, largely driven by rising labour costs. The total number of companies decreases in 2024, to 42,445 units. The industry is fragmented, with the top four companies generating 27.5% of total production value in 2024. LF Corp is the largest company in South Korea, generating 7.5% of the industry’s total production value in 2024. South Korea has the fourth largest market size for apparel regionally, with demand reaching USD30.7 billion in 2024. Households drive market demand, with household spending representing 67.3% of total demand in 2024. The market is dominated by domestic suppliers, as imports account for 37.1% of total market size in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Apparel in South Korea: ISIC 181. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Apparel in South Korea: ISIC 181 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Textile and Leather Products in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Textile and Leather Products?
- How the Textile and Leather Products will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Apparel in South Korea: ISIC 181
HEADLINES
MARKET OVERVIEW
Textile and Leather Products
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
See all of our definitionsBuy this report to:
- Understand future opportunities and threats within the industry
- Track demand and supply structure
- Understand competitive landscape of the industry
- Inform market, strategy development and supply functions
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