The market is dominated by foreign suppliers, as imports account for 98.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.3% of total demand in 2022. South Korea has the sixth largest market size for mining of coal and lignite regionally, with demand reaching USD12.5 billion in 2022. Korea Coal Corp is the largest company in South Korea, generating 28.0% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 51.5% of total production value in 2022. The total number of companies decreases in 2022, to 117 units. The costs of the industry decrease by 21.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.8% of production value in 2022, the 19th highest regionally. With production value of USD125 million, South Korea accounts for 0.0% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Mining of Coal and Lignite in South Korea: ISIC 10. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Mining of Coal and Lignite in South Korea: ISIC 10 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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