The market is dominated by domestic suppliers, as imports account for 25.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 72.2% of total demand in 2023. South Korea has the 10th largest market size for agriculture regionally, with demand reaching USD57.4 billion in 2023. Harim Holdings Co Ltd is the largest company in South Korea, generating 1.7% of the industry’s total production value in 2023. The industry is fragmented, with the top three companies generating 2.9% of total production value in 2023. The total number of companies decreases in 2023, to 716,154 units. The costs of the industry increase by 5.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 50.9% of production value in 2023, the third highest regionally. The industry’s exports share increases in 2023 to 1.1% of total production output. With production value of USD39.2 billion, South Korea accounts for 1.1% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Agriculture in South Korea: ISIC 1. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agriculture in South Korea: ISIC 1 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Agriculture is an aggregation of farming of cattle, swine and pigs, sheep and other quadrupeds, poultry and other animals; growing of cereals and crops, fruits and vegetables; providing agricultural services and hunting.
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