|
|
 |
|
Viewing report
|
|
|
|
Country Industry Forecast - Economic and Financial Analysis for the South Korean Chemicals Materials and Foods Industry
Frost & Sullivan, June 2006
The South Korean chemicals and materials industry is vital to the textile, plastic, synthetic rubber, rubber shoe, and paint factories since it supplies intermediate inputs to these end users. Well-developed petrochemicals and developing specialty chemicals sectors characterize the chemicals and materials industry. The chemicals, materials, and foods (CMF) industry is mainly responsible for making South Korea self-sufficient in fertilizers and it is dependent mostly on imports of raw materials and high technology goods. Growing urbanization and changing food consumption patterns in the country are encouraging demand for imported food products. South Korea has high self-sufficiency ratios in select food segments such as rice and potatoes, which are heavily protected by a combination of tariff quota and rates. The political establishment plays a crucial role in prioritizing the CMF industry. General economic policies greatly impact this demand-driven industry. Moreover, industry-specific policies provide an impetus, wherever they are effectively enforced.
Since the Asian economic downturn in 1998, South Korea has recovered remarkably well to become the tenth largest economy in the world in 2005. It achieved this on the strength of its effective structural and economic policies, which helped it transition from a centrally-planned, government-directed investment model to a more market-oriented one. Increasing foreign investments, proximity to booming chemicals and materials industries in Asia, and changing consumer food preference are some reasons the CMF industry has flourished in South Korea. The presence of chemical-intensive industries such as semiconductors, telecommunications, information technology, and automotive industries provides the necessary support for the domestic chemicals and materials industry, while greater establishment of multinational companies is likely to create demand for food and beverages manufacturing technologies in South Korea.
Frost & Sullivan’s Chemicals, Materials and Foods Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its CMF industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits of this Service
Identify New Market Opportunities
The future trends of the economic environment of South Korea have been analyzed along with their impact on the CMF industry. This analysis will provide immense information to industry participants on market opportunities in specific segments of the industry in South Korea.
Understand Future Industry Trends
The study offers an insight into the South Korean CMF industry, discusses its dependence on the prevailing economic scenario, and forecasts the future economic environment. This will enable industry participants to gauge the future direction of the market, enabling them to devise appropriate market strategies to increase market share.
Understand Policy and Regulatory Environment
A detailed analysis of the economic framework of the South Korean CMF industry is provided in the research service, which will help industry participants by providing insights into the economic parameters as they exist and the future direction of the same. This is particularly beneficial in the case of the CMF industry, as these economic indicators form an important criterion for industry performance.
Devise Country Entry Strategies
The study provides valuable information and analysis of the strengths and weaknesses of the economy of South Korea, which are relevant to the CMF industry. This is particularly useful to industry participants for devising country-specific strategies.
Evaluate Industry Segment Potential
This study offers detailed coverage of economic issues affecting the industry and their future direction. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans and enhancing credibility to planning company resources.
|
|
|
|
