The market is dominated by domestic suppliers, as imports account for 38.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 52.0% of total demand in 2022. South Korea has the fourth largest market size for fish and fish products regionally, with demand reaching USD14.9 billion in 2022. Dongwon F&B Co Ltd is the largest company in South Korea, generating 15.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 21.9% of total production value in 2022. The total number of companies decreases in 2022, to 6,986 units. The costs of the industry decrease by 15.1% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.2% of production value in 2022, the 16th highest regionally. The industry’s exports share increases in 2022 to 17.9% of total production output. With production value of USD9.2 billion, South Korea accounts for 5.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Fish and Fish Products in South Korea: ISIC 1512. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fish and Fish Products in South Korea: ISIC 1512 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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