The market is dominated by domestic suppliers, as imports account for 13.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 95.5% of total demand in 2023. South Korea has the fourth largest market size for plastic products regionally, with demand reaching USD60.1 billion in 2023. Toray Advanced Materials Korea Inc is the largest company in South Korea, generating 1.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 4.8% of total production value in 2023. The total number of companies increases in 2023, to 26,961 units. The costs of the industry increase by 3.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 8.9% of production value in 2023, the eighth highest regionally. The industry’s exports share decreases in 2023 to 17.2% of total production output. With production value of USD56.2 billion, South Korea accounts for 7.1% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Plastic Products in South Korea: ISIC 252. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Plastic Products in South Korea: ISIC 252 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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