The market is dominated by domestic suppliers, as imports account for 26.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 91.0% of total demand in 2023. South Korea has the fifth largest market size for metal packaging, wire and other fabricated metal products regionally, with demand reaching USD16.9 billion in 2023. The total number of companies increases in 2023, to 15,349 units. The costs of the industry increase by 1.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 16.4% of production value in 2023, the 11th highest regionally. The industry’s exports share decreases in 2023 to 41.4% of total production output. With production value of USD19.7 billion, South Korea accounts for 2.7% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Metal Packaging, Wire and Other Fabricated Metal Products in South Korea: ISIC 2899. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Metal Packaging, Wire and Other Fabricated Metal Products in South Korea: ISIC 2899 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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