The market is dominated by domestic suppliers, as imports account for 22.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 71.3% of total demand in 2022. South Korea has the fourth largest market size for made-up textile articles regionally, with demand reaching USD5.8 billion in 2022. Daewon Sanup Co Ltd is the largest company in South Korea, generating 3.0% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 11.0% of total production value in 2022. The total number of companies decreases in 2022, to 17,104 units. The costs of the industry decrease by 18.6% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 11.8% of production value in 2022, the 12th highest regionally. The industry’s exports share decreases in 2022 to 15.7% of total production output. With production value of USD4.6 billion, South Korea accounts for 5.0% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Made-up Textile Articles in South Korea: ISIC 1721. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Made-up Textile Articles in South Korea: ISIC 1721 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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