South Korea Apparel Market Overview and Trend Analysis by Category and Forecasts to 2027

South Korea Apparel Market Overview and Trend Analysis by Category and Forecasts to 2027
Summary

This databook uses data from GlobalData’s Apparel database showing the trends in the market and sectors by value and volume. It also reveals the brand leaders by market share in 2022 in each of the sectors as well as total apparel.

This databook provides both the historic and forecast market data of total apparel sales in South Korea. It illustrates the data with charts, graphs and tables summarizing the value and volume trends, with category details in each sector. The forecasts include the impact of inflation on growth. The databook also reveals major brand’s share in apparel with their price and market positioning in 2022.

ScopeThe overall apparel market in South Korea is forecast to grow at a CAGR of 5.8% between 2022 and 2027 to reach KRW 111.4tnChildrenswear will grow at 8.6% to reach KRW 7.0tn by 2027Trainers in Men's footwear dominate the sales and is expected to be the fastest-growing categoryNike led the market in 2022 with 2.1% market share followed by UNIQLO(1.4%) and Hermes (1.2%)Reasons to BuyGain a comprehensive view of the apparel market and forecasts to 2027Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of inflation on the apparel marketInvestigate current and forecast trends in apparel to identify the opportunities offering the most potentialUnderstand who the main competitors are in the sector and the price positioning