Republic of Korea - Non-Coniferous Wood In Chips Or Particles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChipped Non-Coniferous Wood Price in South Korea - 2022
Contents:
- Chipped Non-Coniferous Wood Price in South Korea (CIF) - 2022
- Chipped Non-Coniferous Wood Price in South Korea (FOB) - 2022
- Chipped Non-Coniferous Wood Imports in South Korea
- Chipped Non-Coniferous Wood Exports in South Korea
Chipped Non-Coniferous Wood Price in South Korea (CIF) - 2022
The average chipped non-coniferous wood import price stood at $50.2 per cubic meter in December 2022, waning by -3.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 23% m-o-m. Over the period under review, average import prices hit record highs at $56.9 per cubic meter in August 2022; however, from September 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($59.8 per cubic meter), while the price for Vietnam stood at $49.8 per cubic meter.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.1%).
Chipped Non-Coniferous Wood Price in South Korea (FOB) - 2022
In 2022, the average chipped non-coniferous wood export price amounted to $233 per cubic meter, jumping by 1,080% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11,167% against the previous year. As a result, the export price attained the peak level of $4,540 per cubic meter. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($280 per cubic meter), while the average price for exports to Vietnam ($50 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+390.0%), while the prices for the other major destinations experienced mixed trend patterns.
Chipped Non-Coniferous Wood Imports in South Korea
Chipped non-coniferous wood imports into South Korea surged to 2.3M cubic meters in 2022, increasing by 26% on the year before. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chipped non-coniferous wood imports surged to $110M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chipped Non-Coniferous Wood in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 74.3 | 57.4 | 69.6 | 106 | 12.6% |
| Indonesia | 0.8 | 1.2 | 1.6 | 2.6 | 48.1% |
| Others | 0.6 | 0.6 | 0.9 | 0.9 | 14.5% |
| Total | 75.7 | 59.2 | 72.1 | 110 | 13.3% |
Top Suppliers of Chipped Non-Coniferous Wood to South Korea in 2022:
- Vietnam (2254.7K cubic meters)
- Indonesia (42.4K cubic meters)
Chipped Non-Coniferous Wood Exports in South Korea
In 2022, the amount of non-coniferous wood in chips or particles exported from South Korea fell sharply to 7 cubic meters, waning by -66.7% compared with 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,000%. As a result, the exports attained the peak of 21 cubic meters, and then shrank remarkably in the following year.
In value terms, chipped non-coniferous wood exports skyrocketed to $1.6K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 20,650%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Chipped Non-Coniferous Wood in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 1,402 | 0% |
| United States | N/A | N/A | N/A | 180 | 0% |
| Vietnam | N/A | N/A | N/A | 50.0 | 0% |
| Thailand | 149 | N/A | N/A | N/A | 0% |
| China | N/A | N/A | 415 | N/A | 0% |
| France | N/A | 2.0 | N/A | N/A | 0% |
| United Arab Emirates | 599 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 748 | 2.0 | 415 | 1,632 | 29.7% |
Top Export Markets for Chipped Non-Coniferous Wood from South Korea in 2022:
- Saudi Arabia (5.0 cubic meters)
- United States (1.0 cubic meters)
- Vietnam (1.0 cubic meters)
This report provides an in-depth analysis of the chipped non-coniferous wood market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 16102305 - Non-coniferous wood in chips or particles
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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