The market is dominated by domestic suppliers, as imports account for 19.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 66.5% of total demand in 2023. South Korea has the eighth largest market size for fishing regionally, with demand reaching USD8.1 billion in 2023. Sajo Industries Co Ltd is the largest company in South Korea, generating 9.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 20.8% of total production value in 2023. The total number of companies decreases in 2023, to 29,063 units. The costs of the industry increase by 5.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 3.6% of production value in 2023, the 17th highest regionally. The industry’s exports share decreases in 2023 to 6.1% of total production output. With production value of USD6.0 billion, South Korea accounts for 1.2% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Fishing in South Korea: ISIC 5. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fishing in South Korea: ISIC 5 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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