The market is dominated by domestic suppliers, as imports account for 20.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 66.7% of total demand in 2022. South Korea has the eighth largest market size for fishing regionally, with demand reaching USD7.7 billion in 2022. Sajo Industries Co Ltd is the largest company in South Korea, generating 9.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 20.7% of total production value in 2022. The total number of companies decreases in 2022, to 29,316 units. The costs of the industry decrease by 19.4% in 2022, largely driven by declining labour costs. The industry’s profitability decreases and stands at 3.7% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 6.7% of total production output. With production value of USD5.6 billion, South Korea accounts for 1.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Fishing in South Korea: ISIC 5. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fishing in South Korea: ISIC 5 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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