Safes And Strongboxes Market Overview in South Korea
In value terms, safes and strongboxes production contracted to $ in estimated in export prices. Overall, production showed a slight reduction. The pace of growth appeared the most rapid in 2011 when the production volume increased by % year-to-year. Safes and strongboxes production peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.
The size of the safes and strongboxes market in South Korea reduced slightly to $ in , flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by % against the previous year. Safes and strongboxes consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.