The import of knit or crochet fabric of cotton to South Korea is expected to increase steadily from 18.911 million USD in 2024 to 21.144 million USD in 2028. Compared to 2023, which stood at 18 million USD, the year-on-year variations indicate a growth of 3.04% in 2024, 3.05% in 2025, 2.89% in 2026, 2.76% in 2027, and 2.63% in 2028. The compound annual growth rate (CAGR) over the last five years, including the forecasted period, is 3.08%.
Future trends to watch for include:
- Changes in global cotton prices that could influence import costs.
- South Korea's domestic demand for apparel and textile products.
- Trade agreements or tariffs impacting import logistics and costs.
