B2B drives market demand, with B2B spending representing 99.9% of total demand in 2023. South Korea has the second largest market size for coating of metals and mechanical engineering regionally, with demand reaching USD23.5 billion in 2023. Posco Coated & Color Steel Co Ltd is the largest company in South Korea, generating 4.1% of the industry’s total production value in 2023. The industry is fragmented, with the top three companies generating 4.5% of total production value in 2023. The total number of companies increases in 2023, to 61,386 units. The costs of the industry increase by 4.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 26.9% of production value in 2023, the fourth highest regionally. With production value of USD23.7 billion, South Korea accounts for 27.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Coating of Metals and Mechanical Engineering in South Korea: ISIC 2892. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coating of Metals and Mechanical Engineering in South Korea: ISIC 2892 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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