The market is dominated by domestic suppliers, as imports account for 26.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 41.5% of total demand in 2022. South Korea has the third largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD19.0 billion in 2022. Samsung Electronics Co Ltd is the largest company in South Korea, generating 15.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 35.6% of total production value in 2022. The total number of companies increases in 2022, to 937 units. The costs of the industry decrease by 10.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 2.6% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 15.4% of total production output. With production value of USD14.0 billion, South Korea accounts for 7.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in South Korea: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in South Korea: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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