The market is dominated by foreign suppliers, as imports account for 71.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.6% of total demand in 2023. South Korea has the second largest market size for recycling of metal waste regionally, with demand reaching USD4.5 billion in 2023. Yesung Co Ltd is the largest company in South Korea, generating 0.1% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 0.1% of total production value in 2023. The total number of companies increases in 2023, to 1,585 units. The costs of the industry increase by 2.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 16.6% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 35.5% of total production output. With production value of USD2.4 billion, South Korea accounts for 0.3% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Recycling of Metal Waste in South Korea: ISIC 371. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Recycling of Metal Waste in South Korea: ISIC 371 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Utilities and Recycling is an aggregation of Recycling; Collection and Distribution of Water; Manufacture and Distribution of Gas; Electricity; Sewage and Sanitation; Steam and Hot Water Supply
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