Republic of Korea - Hardboard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHardboard Price in South Korea - 2022
Contents:
- Hardboard Price in South Korea (CIF) - 2022
- Hardboard Price in South Korea (FOB) - 2022
- Hardboard Imports in South Korea
- Hardboard Exports in South Korea
Hardboard Price in South Korea (CIF) - 2022
In December 2022, the average hardboard import price amounted to $647 per cubic meter, falling by -14.4% against the previous month. Over the period under review, the import price recorded a mild curtailment. The growth pace was the most rapid in March 2022 when the average import price increased by 28% month-to-month. As a result, import price reached the peak level of $961 per cubic meter. From April 2022 to December 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1,541 per cubic meter), while the price for Thailand ($387 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 Vietnam (+0.5%), while the prices for the other major suppliers experienced a decline.
Hardboard Price in South Korea (FOB) - 2022
In 2022, the average hardboard export price amounted to $1,019 per cubic meter, remaining relatively unchanged against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard export price increased by +77.6% against 2014 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 29% against the previous year. The export price peaked at $1,023 per cubic meter in 2021, and then contracted slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($13,091 per cubic meter), while the average price for exports to Iran ($51 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 Russia (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.
Hardboard Imports in South Korea
In 2022, approx. 45K cubic meters of hardboard were imported into South Korea; which is down by -37.4% compared with 2021. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 295%. As a result, imports reached the peak of 72K cubic meters, and then contracted remarkably in the following year.
In value terms, hardboard imports reduced notably to $27M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 234%. As a result, imports attained the peak of $42M, and then dropped sharply in the following year.
| Import of Hardboard in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 4.2 | 11.4 | 7.7 | 22.4% |
| Vietnam | 0.4 | 0.1 | 4.9 | 2.9 | 93.5% |
| Thailand | 0.5 | 0.6 | 1.4 | 0.9 | 21.6% |
| Germany | 1.8 | 0.4 | 1.5 | 0.2 | -51.9% |
| Others | 7.9 | 7.3 | 22.6 | 15.4 | 24.9% |
| Total | 14.8 | 12.5 | 41.8 | 27.2 | 22.5% |
Top Suppliers of Hardboard to South Korea in 2022:
- China (13.8K cubic meters)
- Vietnam (4.7K cubic meters)
- Thailand (2.7K cubic meters)
- Germany (0.1K cubic meters)
Hardboard Exports in South Korea
In 2022, overseas shipments of hardboard were finally on the rise to reach 2.2K cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a drastic downturn. The exports peaked at 4.1K cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, hardboard exports rose remarkably to $2.2M in 2022. In general, exports, however, showed a abrupt contraction. The exports peaked at $3.8M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Hardboard in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 550 | 493 | 412 | 398 | -10.2% |
| Vietnam | 867 | 245 | 104 | 330 | -27.5% |
| Indonesia | 110 | 130 | 124 | 123 | 3.8% |
| Germany | 57.8 | 47.9 | 25.5 | 43.5 | -9.0% |
| Australia | 55.8 | 41.1 | 26.6 | 33.7 | -15.5% |
| Netherlands | 52.1 | 44.7 | 31.3 | 22.7 | -24.2% |
| Philippines | 10.2 | 10.3 | 8.5 | 7.2 | -11.0% |
| Iran | 5.4 | 4.6 | 3.2 | 2.3 | -24.8% |
| Others | 2,093 | 1,409 | 1,293 | 1,266 | -15.4% |
| Total | 3,802 | 2,425 | 2,028 | 2,227 | -16.3% |
Top Export Markets for Hardboard from South Korea in 2022:
- Uzbekistan (379.0 cubic meters)
- Vietnam (292.0 cubic meters)
- Netherlands (105.0 cubic meters)
- Indonesia (80.0 cubic meters)
- Philippines (51.0 cubic meters)
- Iran (44.0 cubic meters)
- Australia (33.0 cubic meters)
- Germany (30.0 cubic meters)
This report provides an in-depth analysis of the hardboard 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:
- FCL 1647 - Hardboard
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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