The market is dominated by domestic suppliers, as imports account for 30.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.7% of total demand in 2023. South Korea has the third largest market size for glass and glass products regionally, with demand reaching USD9.1 billion in 2023. Corning Korea Co Ltd is the largest company in South Korea, generating 7.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 20.9% of total production value in 2023. The total number of companies decreases in 2023, to 2,921 units. The costs of the industry increase by 2.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 18.4% of production value in 2023, the fifth highest regionally. The industry’s exports share decreases in 2023 to 28.4% of total production output. With production value of USD8.3 billion, South Korea accounts for 3.2% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Glass and Glass Products in South Korea: ISIC 261. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Glass and Glass Products in South Korea: ISIC 261 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.
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