Home / Knowledge / News / Textiles / Korean textile market to grow by 4.2% in 2013
Korean textile market to grow by 4.2% in 2013
Sep '12
Korea Federation of Textile Industries (KOFOTI) reported that after several years of high growth, the Korean textile market experienced a relatively slow growth during the first half of 2012. However, the Korean fashion market foresees a positive growth of 8.3%. Outerwear and sportswear markets will continue its increasing revenue, and during the latter half of 2012, a growing interest in the innerwear and children’s clothing markets will augment. 

On the other hand, accessories, including shoes and bags, constitute 4.8% of the total profit, producing 37.6381 trillion KRW.

The predicted growth for 2012 is approximately 3.6%, but in 2013, the Korean textile market anticipates a good start with a 4.2% growth.
Nonetheless, the markets and their participants should be aware of escalating price of raw materials and wages and also potential seasonal volatility, which may affect the sales and trade.
Currently, the Korean textile market is experiencing four uncertainties: stagnant sales, inflated price, market saturation, and accumulated deficit. 
Although the surrounding environment cannot be changed immediately, optimism along with pioneering planning will result in a positive outlook and growth.

Korea Federation of Textile Industries (KOFOTI)

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search