Key Takeaways
- In 2022, the South Korean apparel market was valued at approximately 28.5 trillion KRW, reflecting a compound annual growth rate (CAGR) of 2.8% from 2018 to 2022.
- The luxury apparel segment in South Korea generated 4.2 trillion KRW in revenue in 2023, up 5.1% year-over-year.
- Fast fashion apparel sales in South Korea reached 12.7 trillion KRW in 2022, accounting for 45% of total apparel market share.
- Total apparel production output in South Korea was 1.2 billion units in 2022.
- Synthetic fiber apparel production accounted for 68% of total output, or 816 million units in 2022.
- Cotton-based apparel production in South Korea totaled 250 million units in 2023, up 3% from prior year.
- South Korea's apparel exports totaled $13.2 billion USD in 2022, a 4.1% increase from 2021.
- Apparel exports to the United States reached $4.5 billion USD in 2023, comprising 34% of total exports.
- China imported $3.8 billion USD worth of Korean apparel in 2022.
- The apparel industry employed 150,000 workers in South Korea in 2022.
- Manufacturing sector jobs in apparel numbered 120,000 in 2023, down 2% from 2022.
- Retail apparel employment stood at 450,000 full-time equivalents in 2022.
- Online apparel sales penetration reached 42% among consumers aged 20-39 in 2023.
- 68% of South Korean consumers prefer domestic apparel brands, per 2022 survey.
- Sustainable fashion purchasing intent was 55% among urban millennials in 2023.
Korea's apparel market is growing steadily, driven by online and luxury sales.
Consumer and Retail Trends
- Online apparel sales penetration reached 42% among consumers aged 20-39 in 2023.
- 68% of South Korean consumers prefer domestic apparel brands, per 2022 survey.
- Sustainable fashion purchasing intent was 55% among urban millennials in 2023.
- Average annual apparel spending per capita was 1.2 million KRW in 2022.
- Department store apparel sales dropped 8% YoY to 5.6 trillion KRW in 2023.
- Duty-free shop apparel sales surged 25% to 2.3 trillion KRW in 2023 post-travel recovery.
- Mobile app-based apparel purchases accounted for 60% of e-commerce in 2022.
- Second-hand apparel market grew to 1.8 trillion KRW in 2023, up 18%.
- 75% of consumers aged 18-24 prioritize price in apparel purchases, 2022 data.
- Luxury resale platforms saw 30% user growth in apparel category in 2023.
- Seasonal sales events boosted apparel retail by 22% during Chuseok 2022.
- In 2023, athleisure wear captured 28% of casual apparel consumer preference.
- Coupang and 11st platforms drove 52% of online apparel sales in 2023.
- 82% of Gen Z consumers use social media for apparel discovery in 2022.
- Personalization demand: 45% willing to pay 10% premium for custom fits 2023.
- Black Friday apparel sales volume: 15 million items in 2022.
- Vegan leather apparel preference rose to 22% among 25-34 year-olds in 2023.
- Pop-up store apparel sales averaged 300 million KRW per event in 2022.
- Subscription box apparel services had 1.2 million subscribers in 2023.
- Influencer-driven purchases: 35% of apparel buys for under-25s in 2022.
- Cashless payments in apparel retail: 78% transaction share in 2023.
- Size inclusivity demands led to 15% sales uplift in plus-size lines 2022.
Consumer and Retail Trends Interpretation
Employment and Labor
- The apparel industry employed 150,000 workers in South Korea in 2022.
- Manufacturing sector jobs in apparel numbered 120,000 in 2023, down 2% from 2022.
- Retail apparel employment stood at 450,000 full-time equivalents in 2022.
- Female workers comprised 65% of the apparel workforce, totaling 97,500 in 2023.
- Average annual wage in apparel manufacturing was 38 million KRW in 2022.
- Youth employment (under 30) in apparel retail was 28% of total staff in 2023.
- Labor productivity in apparel production reached 450 million KRW per worker in 2022.
- Unionized workers in apparel industry numbered 25,000 in 2023.
- Part-time apparel retail jobs accounted for 40% of employment, or 180,000 positions in 2022.
- Training programs for apparel designers trained 5,200 participants in 2023.
- Turnover rate in apparel manufacturing was 15.2% in 2022.
- Apparel sector workforce skill training hours: 1.2 million in 2023.
- SMEs in apparel employed 90% of manufacturing workforce in 2022.
- Foreign workers in apparel factories: 15,000 in 2023.
- Apparel designer employment: 12,000 professionals in 2022.
- Overtime hours average: 250 per worker annually in 2023.
- Gig economy apparel delivery jobs: 50,000 in 2022.
- Workplace accident rate in apparel: 1.8 per 1,000 workers in 2023.
- R&D staff in apparel firms: 8,500 in 2022.
- Remote work adoption in apparel retail offices: 25% in 2023.
- Apprenticeship programs graduated 3,200 in apparel trades 2022.
Employment and Labor Interpretation
Export and Import Data
- South Korea's apparel exports totaled $13.2 billion USD in 2022, a 4.1% increase from 2021.
- Apparel exports to the United States reached $4.5 billion USD in 2023, comprising 34% of total exports.
- China imported $3.8 billion USD worth of Korean apparel in 2022.
- Vietnam was the top import source for apparel, supplying $2.9 billion USD in 2023.
- EU apparel imports from South Korea grew to $1.7 billion USD in 2022.
- Japan received $1.2 billion USD in Korean apparel exports in 2023, up 6%.
- Total apparel imports into South Korea were $8.4 billion USD in 2022, with fast fashion dominating.
- Duty-free apparel imports under KORUS FTA reached $1.1 billion USD in 2023.
- Apparel trade surplus for South Korea was $4.8 billion USD in 2022.
- Exports of sustainable apparel from South Korea hit $900 million USD in 2023.
- Apparel exports to ASEAN countries totaled $2.1 billion USD in 2023.
- Bangladesh apparel imports to Korea: $1.5 billion USD in 2022.
- RCEP agreement boosted apparel exports by 12% to $1.8 billion USD in 2023.
- UK apparel imports from Korea grew 9% to $600 million USD post-Brexit.
- Indonesia sourced $800 million USD Korean apparel in 2022.
- Apparel re-exports via free trade zones: $500 million USD in 2023.
- Tariff reductions under CPTPP saved $200 million USD on apparel imports in 2022.
- E-commerce apparel cross-border exports hit $1.4 billion USD in 2023.
- Cambodia imports: $400 million USD Korean fabrics for apparel in 2022.
- Total apparel export growth rate: 5.3% projected for 2024.
Export and Import Data Interpretation
Market Size and Revenue
- In 2022, the South Korean apparel market was valued at approximately 28.5 trillion KRW, reflecting a compound annual growth rate (CAGR) of 2.8% from 2018 to 2022.
- The luxury apparel segment in South Korea generated 4.2 trillion KRW in revenue in 2023, up 5.1% year-over-year.
- Fast fashion apparel sales in South Korea reached 12.7 trillion KRW in 2022, accounting for 45% of total apparel market share.
- Online apparel sales in South Korea comprised 35% of total apparel revenue in 2023, totaling 10.1 trillion KRW.
- The sportswear apparel sub-market in South Korea grew to 3.8 trillion KRW in 2022, with a 7.2% YoY increase driven by athleisure trends.
- Total apparel retail sales in South Korea hit 31.2 trillion KRW in 2023, boosted by post-pandemic recovery.
- Women's apparel segment dominated with 52% market share, valued at 14.8 trillion KRW in 2022.
- Children's apparel market in South Korea was worth 2.1 trillion KRW in 2023, growing at 4.5% CAGR since 2019.
- Men's formal wear revenue declined to 1.9 trillion KRW in 2022, down 2.3% due to remote work trends.
- Sustainable apparel market in South Korea reached 1.5 trillion KRW in 2023, with 12% YoY growth.
- South Korea's apparel market is projected to reach 35 trillion KRW by 2027, with 3.5% CAGR.
- Streetwear segment revenue hit 2.4 trillion KRW in 2023.
- Denim apparel sales totaled 1.1 trillion KRW in 2022.
- Outerwear market value was 4.9 trillion KRW in 2023.
- Underwear and intimates segment reached 1.7 trillion KRW in 2022.
- Footwear-integrated apparel sales grew to 900 billion KRW in 2023.
- Vintage apparel niche market valued at 500 billion KRW in 2022.
- Corporate uniform apparel contracts worth 800 billion KRW in 2023.
- Eco-friendly fabric apparel sales up 15% to 2.2 trillion KRW in 2023.
Market Size and Revenue Interpretation
Production Statistics
- Total apparel production output in South Korea was 1.2 billion units in 2022.
- Synthetic fiber apparel production accounted for 68% of total output, or 816 million units in 2022.
- Cotton-based apparel production in South Korea totaled 250 million units in 2023, up 3% from prior year.
- Denim jeans production reached 45 million pairs in 2022, primarily from Gyeonggi Province factories.
- Activewear production volume surged to 180 million pieces in 2023, driven by domestic brands like Kolon Sport.
- Knitwear production in South Korea was 320 million garments in 2022, with 40% exported.
- Leather apparel and accessories production hit 15 million units in 2023.
- Woven shirts production totaled 120 million units in 2022, down 1.5% due to supply chain issues.
- Sleepwear and loungewear output increased to 90 million sets in 2023 amid homewear trends.
- High-end suit production in South Korea was 8 million units in 2022, concentrated in Seoul factories.
- Apparel production capacity utilization rate was 82% in 2022.
- Automated sewing lines produced 200 million garments in 2023.
- Wool-blend apparel output was 35 million units in 2022.
- T-shirt production peaked at 400 million units in summer 2023.
- Protective workwear production totaled 12 million sets in 2022.
- Silk apparel manufacturing yielded 5 million pieces in 2023.
- Recycled polyester apparel production hit 100 million units in 2022.
- Swimwear output increased to 20 million pieces in 2023.
- Custom-tailored apparel production was 4 million orders in 2022.
- Organic cotton apparel volume: 30 million units in 2023.
Production Statistics Interpretation
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