The market is dominated by domestic suppliers, as imports account for 27.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.7% of total demand in 2023. South Korea has the fifth largest market size for quarrying of stone, sand and clay regionally, with demand reaching USD4.6 billion in 2023. Il Shin Stone Co Ltd is the largest company in South Korea, generating 1.2% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 2.5% of total production value in 2023. The total number of companies decreases in 2023, to 2,383 units. The costs of the industry increase by 7.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 25.0% of production value in 2023, the 14th highest regionally. The industry’s exports share decreases in 2023 to 2.0% of total production output. With production value of USD3.3 billion, South Korea accounts for 1.1% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Quarrying of Stone, Sand and Clay in South Korea: ISIC 14. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Quarrying of Stone, Sand and Clay in South Korea: ISIC 14 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.
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