The market is dominated by foreign suppliers, as imports account for 92.4% of total market size in 2022. Households drive market demand, with household spending representing 52.4% of total demand in 2022. South Korea has the 11th largest market size for knitted and crocheted articles regionally, with demand reaching USD1.2 billion in 2022. The total number of companies increases in 2022, to 6,709 units. The costs of the industry decrease by 1.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 18.1% of production value in 2022, the 12th highest regionally. The industry’s exports share decreases in 2022 to 96.8% of total production output. With production value of USD2.7 billion, South Korea accounts for 2.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in South Korea: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in South Korea: ISIC 173 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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.
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