The market is dominated by domestic suppliers, as imports account for 17.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 100.0% of total demand in 2023. South Korea has the fifth largest market size for casting of metals regionally, with demand reaching USD5.9 billion in 2023. Seah Besteel Co is the largest company in South Korea, generating 10.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 24.5% of total production value in 2023. The total number of companies decreases in 2023, to 2,078 units. The costs of the industry decrease by 2.2% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 9.5% of production value in 2023, the 13th highest regionally. With production value of USD4.7 billion, South Korea accounts for 2.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Casting of Metals in South Korea: ISIC 273. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Casting of Metals in South Korea: ISIC 273 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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