The market is dominated by domestic suppliers, as imports account for 46.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 62.9% of total demand in 2023. South Korea has the sixth largest market size for machinery for metallurgy regionally, with demand reaching USD403 million in 2023. Idh Co Ltd is the largest company in South Korea, generating 12.1% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 27.7% of total production value in 2023. The total number of companies increases in 2023, to 507 units. The costs of the industry increase by 3.2% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 8.6% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 58.7% of total production output. With production value of USD497 million, 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 Machinery for Metallurgy in South Korea: ISIC 2923. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Metallurgy in South Korea: ISIC 2923 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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