The market is dominated by foreign suppliers, as imports account for 99.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. South Korea has the sixth largest market size for mining of metal ores regionally, with demand reaching USD18.5 billion in 2023. NMC Resource Corp is the largest company in South Korea, generating 11.3% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 11.3% of total production value in 2023. The total number of companies increases in 2023, to 221 units. The costs of the industry increase by 8.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 36.6% of production value in 2023, the eighth highest regionally. The industry’s exports share decreases in 2023 to 64.3% of total production output. With production value of USD78.0 million, South Korea accounts for 0.0% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Mining of Metal Ores in South Korea: ISIC 13. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Mining of Metal Ores in South Korea: ISIC 13 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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