Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Apparel - South Korea

South Korea

In South Korea, the revenue generated in the Luxury Apparel market is projected to reach US$1.24bn in 2024.
This market is anticipated to experience an annual growth rate of 4.70% (CAGR 2024-2028).
When compared globally, in the United States generates the highest revenue in this segment, amounting to US$20,430m in 2024.
Furthermore, in terms of per capita figures, each person in South Korea contributes US$23.99 towards the revenue of the Luxury Apparel market in 2024.
South Korea's luxury apparel market is thriving, with a strong emphasis on high-quality materials and innovative designs.

Key regions: India, Singapore, United States, France, United Kingdom

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The Luxury Apparel market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Apparel industry.