The market is dominated by foreign suppliers, as imports account for 62.2% of total market size in 2023. Investments drive market demand, with investments representing 66.5% of total demand in 2023. South Korea has the seventh largest market size for jewellery and related articles regionally, with demand reaching USD1.8 billion in 2023. PJ Jewelry Co Ltd is the largest company in South Korea, generating 6.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.6% of total production value in 2023. The total number of companies decreases in 2023, to 3,764 units. The costs of the industry increase by 1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 3.9% of production value in 2023, the 17th highest regionally. The industry’s exports share increases in 2023 to 25.2% of total production output. With production value of USD850 million, South Korea accounts for 0.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Jewellery and Related Articles in South Korea: ISIC 3691. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Jewellery and Related Articles in South Korea: ISIC 3691 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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