Textile Wall Covering Market Overview in South Korea
In value terms, textile wall covering production dropped to $ in 2019 estimated in export prices. Overall, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2012 when the production volume increased by % against the previous year. Textile wall covering production peaked at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.
The revenue of the textile wall covering market in South Korea reduced rapidly to $ in 2018, dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2009 to 2018, the growth of the market failed to regain the momentum.