The market is dominated by domestic suppliers, as imports account for 31.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.6% of total demand in 2022. South Korea has the 10th largest market size for tanning and dressing of leather regionally, with demand reaching USD727 million in 2022. Hae Sung AIDA Industrial Co Ltd is the largest company in South Korea, generating 20.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 61.3% of total production value in 2022. The total number of companies increases in 2022, to 541 units. The costs of the industry decrease by 4.9% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 2.8% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 40.4% of total production output. With production value of USD759 million, South Korea accounts for 1.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Tanning and Dressing of Leather in South Korea: ISIC 1911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanning and Dressing of Leather in South Korea: ISIC 1911 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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