The market is dominated by domestic suppliers, as imports account for 24.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 70.5% of total demand in 2023. South Korea has the seventh largest market size for imitation jewellery, brushes and other personal items regionally, with demand reaching USD4.6 billion in 2023. The total number of companies decreases in 2023, to 32,298 units. The costs of the industry increase by 2.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 13.1% of production value in 2023, the 12th highest regionally. The industry’s exports share decreases in 2023 to 27.7% of total production output. With production value of USD3.5 billion, South Korea accounts for 1.8% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Imitation Jewellery, Brushes and Other Personal Items in South Korea: ISIC 3699. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Imitation Jewellery, Brushes and Other Personal Items in South Korea: ISIC 3699 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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