The market is dominated by foreign suppliers, as imports account for 62.6% of total market size in 2021. Households drive market demand, with household spending representing 46.7% of total demand in 2021. South Korea has the third largest market size for sports goods regionally, with demand reaching USD3.1 billion in 2021. BT&I Inc is the largest company in South Korea, generating 2.1% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 6.8% of total production value in 2021. The total number of companies decreases in 2021, to 1,429 units. The costs of the industry decrease by 3.2% in 2021, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 11.9% of production value in 2021, the fourth highest regionally. With production value of USD1.1 billion, South Korea accounts for 2.6% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Sports Goods in South Korea: ISIC 3693. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sports Goods in South Korea: ISIC 3693 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.See All of Our Definitions
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