The market is dominated by foreign suppliers, as imports account for 61.9% of total market size in 2022. Households drive market demand, with household spending representing 52.2% of total demand in 2022. South Korea has the third largest market size for sports goods regionally, with demand reaching USD3.2 billion in 2022. Sees Global Inc is the largest company in South Korea, generating 4.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 14.0% of total production value in 2022. The total number of companies increases in 2022, to 1,811 units. The costs of the industry decrease by 10.7% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 13.4% of production value in 2022, the sixth highest regionally. The industry’s exports share increases in 2022 to 25.9% of total production output. With production value of USD1.2 billion, South Korea accounts for 2.8% of the Asia Pacific total in 2022.
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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.
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