eCommerce: Market Revenue Growth
Apparel eCommerce Revenue Growth in South Korea
How has the South Korean Apparel eCommerce market revenue been evolving from 2018 to 2026? Explore the growth trends in our upcoming insights article.
Article by Patrick Nowak | June 19, 2024Download
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Apparel eCommerce Revenue Growth in South Korea
How Did South Korean Apparel eCommerce Revenue Fluctuate from 2018 to 2026?
The eCommerce revenue growth in the South Korean Apparel market has shown a fluctuating trend from 2018 to the projected year of 2026. The market started with a robust growth rate of 23.9% in 2018, followed by a slight dip to 11.1% in 2019. In 2020, the sector experienced a moderate increase of 16.3%, indicating a steady growth trajectory. However, 2021 saw a slight decline with a growth rate of 6.9%, which was further exacerbated in 2022 with a negative growth rate of -5.0%. Despite this setback, the market rebounded in 2023 with a growth rate of 6.9%, signaling a return to positive growth. Looking ahead, the forecasted growth rates for the years 2024, 2025, and 2026 are 4.4%, 2.6%, and 2.9%, respectively. These figures suggest a more stable and consistent growth pattern in the South Korean Apparel eCommerce market, highlighting the resilience and potential for expansion in the coming years.
Main Facts: eCommerce Revenue Growth in South Korean Apparel Market, 2018-2026
- Consistent Growth Until 2023: The South Korean Apparel eCommerce market experienced steady growth from 2018 to 2023, with varying rates ranging from 23.9% in 2018 to 6.9% in 2023.
- Temporary Decline in 2022: In 2022, the market saw a significant decrease of -5.0%, indicating a challenging year for the South Korean Apparel eCommerce sector.
- Forecasted Recovery Post-2023: Despite the decline in 2022, the market is projected to recover with growth rates of 4.4% in 2024, 2.6% in 2025, and 2.9% in 2026, showcasing resilience in the South Korean Apparel eCommerce industry.
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