The market is dominated by domestic suppliers, as imports account for 40.4% of total market size in 2020. Investments drive market demand, with investments representing 66.8% of total demand in 2020. South Korea has the eighth largest market size for machinery for food, beverage and tobacco processing in the region, with demand reaching USD816 million in 2020. Welcron Hantec Co Ltd is the largest company in South Korea, generating 2.8% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 7.6% of total production value in 2020. The total number of companies remains unchanged in 2020. The costs of the industry decrease by 1.7% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.2% of production value in 2020, the 12th highest in the region. With production value of USD586 million, South Korea accounts for 2.2% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Machinery for Food, Beverage and Tobacco Processing in South Korea: ISIC 2925. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Food, Beverage and Tobacco Processing in South Korea: ISIC 2925 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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