The market is dominated by domestic suppliers, as imports account for 21.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 70.2% of total demand in 2023. South Korea has the fourth largest market size for made-up textile articles regionally, with demand reaching USD5.8 billion in 2023. Daewon Sanup Co Ltd is the largest company in South Korea, generating 2.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 10.7% of total production value in 2023. The total number of companies decreases in 2023, to 16,782 units. The costs of the industry increase by 0.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 11.6% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 15.4% of total production output. With production value of USD4.6 billion, South Korea accounts for 4.9% of the Asia Pacific total in 2023.
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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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