The market is dominated by foreign suppliers, as imports account for 51.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.9% of total demand in 2022. South Korea has the fourth largest market size for basic precious and non-ferrous metals regionally, with demand reaching USD51.5 billion in 2022. LS Nikko Copper Inc is the largest company in South Korea, generating 16.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 25.2% of total production value in 2022. The total number of companies decreases in 2022, to 2,211 units. The costs of the industry decrease by 18.2% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 8.5% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 39.4% of total production output. With production value of USD39.1 billion, South Korea accounts for 3.1% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Basic Precious and Non-ferrous Metals in South Korea: ISIC 272. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Precious and Non-ferrous Metals in South Korea: ISIC 272 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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