Republic of Korea - Fiber Board Of Wood Or Other Ligneous Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFiberboard Price in South Korea - 2022
Contents:
- Fiberboard Price in South Korea (CIF) - 2022
- Fiberboard Price in South Korea (FOB) - 2022
- Fiberboard Imports in South Korea
- Fiberboard Exports in South Korea
Fiberboard Price in South Korea (CIF) - 2022
The average fiberboard import price stood at $76.7 per cubic meter in December 2022, shrinking by -10.4% against the previous month. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 22% m-o-m. The import price peaked at $103 per cubic meter in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($158 per cubic meter), while the price for Thailand ($56.1 per cubic meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.
Fiberboard Price in South Korea (FOB) - 2022
The average fiberboard export price stood at $122 per cubic meter in 2022, which is down by -3.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34%. The export price peaked at $133 per cubic meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($835 per cubic meter), while the average price for exports to Taiwan (Chinese) ($72 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 Kuwait (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Fiberboard Imports in South Korea
In 2022, approx. 1.3M cubic meters of fiber board of wood or other ligneous materials were imported into South Korea; reducing by -25.5% on 2021. In general, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +48.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 99% against the previous year. As a result, imports attained the peak of 1.7M cubic meters, and then plummeted in the following year.
In value terms, fiberboard imports shrank dramatically to $90M in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. As a result, imports reached the peak of $124M, and then contracted significantly in the following year.
| Import of Fiberboard in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 38.7 | 27.3 | 57.9 | 39.7 | 0.9% |
| Vietnam | 4.6 | 6.2 | 24.7 | 16.9 | 54.3% |
| China | 16.2 | 11.2 | 23.1 | 15.8 | -0.8% |
| Germany | 3.9 | 0.9 | 2.5 | 2.4 | -14.9% |
| Malaysia | 1.4 | 1.1 | 3.4 | 2.3 | 18.0% |
| New Zealand | 1.7 | 3.4 | 0.6 | 2.1 | 7.3% |
| India | 2.2 | N/A | 1.6 | 1.2 | -18.3% |
| Indonesia | 1.6 | 0.3 | 1.1 | 1.0 | -14.5% |
| Others | 5.8 | 4.8 | 9.6 | 8.5 | 13.6% |
| Total | 76.2 | 55.3 | 124 | 89.9 | 5.7% |
Top Suppliers of Fiberboard to South Korea in 2022:
- Thailand (784.9K cubic meters)
- China (133.1K cubic meters)
- Vietnam (126.0K cubic meters)
- New Zealand (45.8K cubic meters)
- India (29.0K cubic meters)
- Germany (22.8K cubic meters)
- Malaysia (22.5K cubic meters)
- Indonesia (20.9K cubic meters)
Fiberboard Exports in South Korea
In 2022, shipments abroad of fiber board of wood or other ligneous materials increased by 3.5% to 98K cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback. The exports peaked at 119K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, fiberboard exports fell modestly to $12M in 2022. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 0.9%. The exports peaked at $16M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Fiberboard in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.5 | 5.1 | 4.5 | 4.5 | -11.5% |
| Vietnam | 1.9 | 1.4 | 1.2 | 1.3 | -11.9% |
| Germany | 0.2 | 0.3 | 1.0 | 0.9 | 65.1% |
| China | 0.6 | 0.6 | 1.0 | 0.8 | 10.1% |
| Mongolia | 0.2 | 0.2 | 0.8 | 0.7 | 51.8% |
| India | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| United States | 0.6 | 0.7 | 0.6 | 0.5 | -5.9% |
| Uzbekistan | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Others | 4.6 | 2.5 | 1.7 | 2.2 | -21.8% |
| Total | 15.8 | 11.9 | 12.0 | 11.9 | -9.0% |
Top Export Markets for Fiberboard from South Korea in 2022:
- Japan (53.5K cubic meters)
- China (7.7K cubic meters)
- Germany (5.7K cubic meters)
- Vietnam (5.3K cubic meters)
- Mongolia (4.3K cubic meters)
- Taiwan (Chinese) (3.8K cubic meters)
- Uzbekistan (2.7K cubic meters)
- United States (2.2K cubic meters)
- India (1.5K cubic meters)
This report provides an in-depth analysis of the fiberboard 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 16211423 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness not exceeding 5 mm
- Prodcom 16211426 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 5 mm but not exceeding 9 mm
- Prodcom 16211429 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 9 mm
- Prodcom 16211443 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,8 g/cm.
- Prodcom 16211446 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,5 g/cm. but not exceeding 0,8 g/cm.
- Prodcom 16211449 - Fibreboard of wood or other ligneous materials (excluding medium density fibreboard [MDF]), whether or not bonded with resins or other organic substances, of a density not exceeding 0,5 g/cm.
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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