The market is dominated by domestic suppliers, as imports account for 13.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.5% of total demand in 2022. South Korea has the second largest market size for accumulators, primary cells and primary batteries regionally, with demand reaching USD46.2 billion in 2022. JCEL Co Ltd is the largest company in South Korea, generating 0.4% of the industry’s total production value in 2022. The industry is fragmented, with the top four companies generating 0.6% of total production value in 2022. The total number of companies increases in 2022, to 389 units. The costs of the industry decrease by 0.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 14.0% of production value in 2022, the third highest regionally. The industry’s exports share increases in 2022 to 26.9% of total production output. With production value of USD50.6 billion, South Korea accounts for 17.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Accumulators, Primary Cells and Primary Batteries in South Korea: ISIC 314. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Accumulators, Primary Cells and Primary Batteries in South Korea: ISIC 314 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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