South Korea Denim Market Size & Outlook, 2022-2030
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South Korea denim market highlights
- The South Korea denim market generated a revenue of USD 181.2 million in 2022 and is expected to reach USD 216.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 2.3% from 2023 to 2030.
- In terms of segment, mass was the largest revenue generating category in 2022.
- Luxury is the most lucrative category segment registering the fastest growth during the forecast period.
Denim market data book summary
| Market revenue in 2022 | USD 181.2 million |
| Market revenue in 2030 | USD 216.7 million |
| Growth rate | 2.3% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Luxury |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium, Luxury |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global denim market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China denim market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,422.0 million by 2030.
Mass was the largest segment with a revenue share of 53.86% in 2022. Horizon Databook has segmented the South Korea denim market based on mass, premium, luxury covering the revenue growth of each sub-segment from 2018 to 2030.
The country's fashion-conscious population has a strong affinity for denim clothing, which has led to a high demand for denim products. South Korean consumers often seek trendy, stylish denim garments, including jeans, jackets, skirts, and shirts.
Secondly, the growing influence of K-pop and K-drama culture has significantly impacted the fashion preferences of South Korean youth and contributed to the popularity of denim in their wardrobes. Many K-pop idols and actors frequently wear denim outfits, leading to a rise in the adoption of denim fashion trends among their fans and followers.
According to Volza's South Korea Import data, South Korea imported a total of 573 shipments of Denim blue. These shipments were imported by 92 South Korea Importers and originated from 59 different suppliers. Vietnam, India, and Pakistan were the primary countries from which South Korea sourced most of its Denim blue imports.
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Denim Market Scope
Denim Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| KG Denim | View profile | 1001-5000 | Coimbatore, Tamil Nadu, India, Asia | https://www.kgdenim.com |
| Grupo Santana Textiles | View profile | 1001-5000 | Horizonte, Ceara, Brazil, South America | http://www.santanatextiles.com/ |
| Vicunha | View profile | 5001-10000 | Pinheiros, Sao Paulo, Brazil, South America | https://www.vicunha.com/ |
| Naveena Group | View profile | 1001-5000 | Karachi, Sindh, Pakistan, Asia | http://naveenagroup.com |
| Cone Mills | View profile | 1-10 | Greensboro, North Carolina, United States, North America | https://www.conedenim.com |
| Prosperity Textile | View profile | 1001-5000 | Guangzhou, Guangdong, China, Asia | https://www.prosperity-textile.com/ |
| Arvind | View profile | 10001+ | Ahmedabad, Gujarat, India, Asia | http://arvind.com |
| ISKO | View profile | 251-500 | Bursa, Bursa, Turkey, Europe | https://iskodenim.com |
| Raymond | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | http://www.raymondindia.com |
South Korea denim market size, by category, 2018-2030 (US$M)
South Korea Denim Market Outlook Share, 2022 & 2030 (US$M)
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