The market is dominated by domestic suppliers, as imports account for 11.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 92.1% of total demand in 2022. South Korea has the sixth largest market size for man-made fibres regionally, with demand reaching USD2.2 billion in 2022. Kolon Industries Co Ltd is the largest company in South Korea, generating 16.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 61.7% of total production value in 2022. The total number of companies decreases in 2022, to 198 units. The costs of the industry decrease by 26.1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 6.5% of production value in 2022, the 14th highest regionally. The industry’s exports share increases in 2022 to 53.0% of total production output. With production value of USD4.1 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 Man-made Fibres in South Korea: ISIC 243. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Man-made Fibres in South Korea: ISIC 243 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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