The South Korean market for articles of apparel made of leather or composition leather has demonstrated a positive growth trajectory since 2013, with the per capita value increasing from $2.28 to $4.14 by 2023. This reflects a Compound Annual Growth Rate (CAGR) of approximately 4.8% over the last five years, with a notable increase of 3.8% from 2022 to 2023.

Future trends to watch for include:

Increasing consumer preferences for sustainable and cruelty-free leather alternatives.
Growing demand for high-end leather apparel triggered by rising disposable incomes.
Innovation in smart and functional leather apparel is likely to appeal to tech-savvy consumers.