South Korea Consumer Industries and Metals Consumption 2023

The economy of South Korea has experienced rapid and significant growth over the past few decades, and today this country ranks as one of the largest economies in the world.

One of the most important factors affecting the economic development of South Korea is the movement of this country towards the production and supply of high-quality finished products that are highly competitive in the international and domestic markets of this country. This issue has caused the country’s base metal consumption market to experience a strong growth over several decades.

In this report, firstly, an overview of the economic growth trend of South Korea is made. Then, the performance trend of different industries as well as the consumption of metals in them are studied separately and the prospects of each of these industries as well as the consumption of metals in them are forecasted in the future. In the final part of this report, the future of metal consumption in South Korea and the share of different industries in this market are studied in different scenarios. This report can create a suitable perspective for market and industry players to identify past and future trends, opportunities and challenges in their activity environment and follow and implement their planning accordingly.