The Leather Sports Gloves and Mittens market in South Korea has shown a notable growth trajectory from 2012 to 2022. Observing the actual yearly data, the market value started at USD 66.649 million in 2012 and reached USD 98.719 million by 2022. Significant annual growth in percentage was witnessed in 2014 with an 18.98% increase, while the market experienced slight declines in 2019 and 2020 with -4.46% and -1.58% respectively. Noteworthy average annual growth (CAGR) over the last five years stands modestly at 1.89%.
As of 2023, the market continues to build on its previous performance, maintaining stability in the region.
Future trends to watch for include: - Advances in material technology for better performance and comfort. - Increased demand driven by rising participation in sports and outdoor activities. - Potential market disruptions due to economic conditions and changes in consumer preferences.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 180,570,000 | 2023 | -2.9% | -3.13% | View data |
| 2 | 2 China | 177,460,000 | 2023 | +0.3% | +0.026% | View data |
| 3 | 3 South Korea | 100,430,000 | 2023 | +1.73% | +0.87% | |
| 4 | 4 Italy | 88,475,000 | 2023 | +2.11% | -0.075% | View data |
| 5 | 5 Canada | 74,889,000 | 2023 | +0.047% | -0.74% | View data |
