South Korea Cookware Market (2020-2026) | Share, Growth, Revenue, Size, Trends, Value, Industry, Companies, COVID-19 IMPACT, Forecast, Outlook & Analysis
Market Forecast By Material Type (Aluminium, Stainless Steel, Others), By Distribution Channels (Offline, Online) And Competitive Landscape
| Product Code: ETC005983 | Publication Date: Jun 2023 | Updated Date: Oct 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Korea Cookware Market Shipment Analysis
South Korea Cookware Market registered a growth of 19.37% in value shipments in 2021 as compared to 2020 and an increase of 2.29% CAGR in 2021 over a period of 2017. In Cookware Market South Korea is becoming less competitive as HHI index in 2021 was 4292 while in 2017 it was 3730. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
South Korea has reportedly relied more on imports to meet its growing demand in Cookware Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Cookware Market in 2021 was 2.8 while in 2017 it was 1.46. China, Vietnam, France, Germany and USA were among the top players of the market in 2021, where China acquired the largest market share of 63.41% with a shipment value of 257.12 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 58.46% with the shipment value of 177.3 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
South Korea Cookware Market Synopsis
The main drivers behind this growth are increasing disposable income levels and changes in consumer lifestyle preferences towards convenience foods and home cooked meals. Additionally, as the population ages, more people are living alone or with fewer family members who need smaller portions; which has led to an increase in demand for single-serve sized cookware products such as frying pans and saucepans that can accommodate smaller amounts of food
There has also been a shift from traditional cast iron and aluminum cookware toward modern materials such as stainless steel, nonstick coatings, diecast aluminum alloys (DCA), copper based alloys, ceramic enamels etc., due to their superior performance properties like better heat conduction & resistance against rusting/corrosion etc.. The higher price points associated with these types of materials have further pushed up sales revenue figures within the industry overall.
Key Highlights of the Report:
- South Korea Cookware Market Outlook
- Market Size of South Korea Cookware Market, 2019
- Forecast of South Korea Cookware Market, 2026
- Historical Data and Forecast of South Korea Cookware Revenues & Volume for the Period 2016 - 2026
- South Korea Cookware Market Trend Evolution
- South Korea Cookware Market Drivers and Challenges
- South Korea Cookware Price Trends
- South Korea Cookware Porter's Five Forces
- South Korea Cookware Industry Life Cycle
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Material Type for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Aluminium for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Stainless Steel for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Distribution Channels for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Offline for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Cookware Market Revenues & Volume By Online for the Period 2016 - 2026
- South Korea Cookware Import Export Trade Statistics
- Market Opportunity Assessment By Material Type
- Market Opportunity Assessment By Distribution Channels
- South Korea Cookware Top Companies Market Share
- South Korea Cookware Competitive Benchmarking By Technical and Operational Parameters
- South Korea Cookware Company Profiles
- South Korea Cookware Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Cookware Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Cookware Market Revenues & Volume, 2019 & 2026F |
3.3 South Korea Cookware Market - Industry Life Cycle |
3.4 South Korea Cookware Market - Porter's Five Forces |
3.5 South Korea Cookware Market Revenues & Volume Share, By Material Type, 2019 & 2026F |
3.6 South Korea Cookware Market Revenues & Volume Share, By Distribution Channels, 2019 & 2026F |
4 South Korea Cookware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Cookware Market Trends |
6 South Korea Cookware Market, By Types |
6.1 South Korea Cookware Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Cookware Market Revenues & Volume, By Material Type, 2016 - 2026F |
6.1.3 South Korea Cookware Market Revenues & Volume, By Aluminium, 2016 - 2026F |
6.1.4 South Korea Cookware Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.1.5 South Korea Cookware Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 South Korea Cookware Market, By Distribution Channels |
6.2.1 Overview and Analysis |
6.2.2 South Korea Cookware Market Revenues & Volume, By Offline, 2016 - 2026F |
6.2.3 South Korea Cookware Market Revenues & Volume, By Online, 2016 - 2026F |
7 South Korea Cookware Market Import-Export Trade Statistics |
7.1 South Korea Cookware Market Export to Major Countries |
7.2 South Korea Cookware Market Imports from Major Countries |
8 South Korea Cookware Market Key Performance Indicators |
9 South Korea Cookware Market - Opportunity Assessment |
9.1 South Korea Cookware Market Opportunity Assessment, By Material Type, 2019 & 2026F |
9.2 South Korea Cookware Market Opportunity Assessment, By Distribution Channels, 2019 & 2026F |
10 South Korea Cookware Market - Competitive Landscape |
10.1 South Korea Cookware Market Revenue Share, By Companies, 2019 |
10.2 South Korea Cookware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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