Republic of Korea - Oriented Strand Board (OSB) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOriented Strandboard (OSB) Price in South Korea - 2022
Contents:
- Oriented Strandboard (OSB) Price in South Korea (CIF) - 2022
- Oriented Strandboard (OSB) Price in South Korea (FOB) - 2022
- Oriented Strandboard (OSB) Imports in South Korea
- Oriented Strandboard (OSB) Exports in South Korea
Oriented Strandboard (OSB) Price in South Korea (CIF) - 2022
In December 2022, the average oriented strandboard (OSB) import price amounted to $254 per cubic meter, reducing by -8.4% against the previous month. In general, the import price saw a pronounced downturn. The growth pace was the most rapid in March 2022 an increase of 15% month-to-month. The import price peaked at $347 per cubic meter in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($393 per cubic meter), while the price for Malaysia ($201 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 Russia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Oriented Strandboard (OSB) Price in South Korea (FOB) - 2022
The average oriented strandboard (OSB) export price stood at $298 per cubic meter in 2022, declining by -8.6% against the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 54%. Over the period under review, the average export prices reached the peak figure at $487 per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Mongolia amounted to +8.6% per year.
Oriented Strandboard (OSB) Imports in South Korea
In 2022, overseas purchases of oriented strandboard (OSB) decreased by -1.4% to 111K cubic meters, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 3.9% against the previous year. As a result, imports attained the peak of 113K cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, oriented strandboard (OSB) imports reached $31M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Oriented Strandboard (OSB) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 4.3 | 6.1 | 5.0 | 7.0 | 17.6% |
Thailand | 0.4 | 0.7 | 2.9 | 6.6 | 154.6% |
Malaysia | 0.1 | 0.1 | 0.1 | 5.8 | 287.1% |
Chile | 1.1 | 2.4 | 3.3 | 4.6 | 61.1% |
China | 0.7 | 0.5 | 1.7 | 2.6 | 54.9% |
Brazil | 0.7 | 0.7 | 1.3 | 2.1 | 44.2% |
Russia | N/A | N/A | N/A | 1.9 | 0% |
Canada | 11.8 | 6.3 | 2.0 | 0.6 | -63.0% |
Others | 5.1 | 6.3 | 14.6 | 0.2 | -66.0% |
Total | 24.3 | 23.0 | 30.9 | 31.3 | 8.8% |
Top Suppliers of Oriented Strandboard (OSB) to South Korea in 2022:
- Thailand (31.0K cubic meters)
- Malaysia (23.7K cubic meters)
- Romania (21.7K cubic meters)
- Chile (13.4K cubic meters)
- China (7.2K cubic meters)
- Russia (6.0K cubic meters)
- Brazil (5.7K cubic meters)
- Canada (1.3K cubic meters)
Oriented Strandboard (OSB) Exports in South Korea
Oriented strandboard (OSB) exports from South Korea dropped remarkably to 110 cubic meters in 2022, waning by -31.7% on 2021. Overall, exports saw a dramatic contraction. The smallest decline of -22.5% was in 2020. Over the period under review, the exports reached the maximum at 284 cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, oriented strandboard (OSB) exports reduced notably to $33K in 2022. In general, exports showed a sharp reduction. The smallest decline of -21% was in 2021. Over the period under review, the exports hit record highs at $84K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Oriented Strandboard (OSB) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.7 | 1.6 | 8.2 | 32.8 | 107.0% |
Russia | 3.6 | 3.2 | 2.2 | N/A | -21.8% |
Cambodia | 67.0 | 59.1 | 38.1 | N/A | -24.6% |
Mongolia | 7.9 | 1.3 | 3.5 | N/A | -33.4% |
Others | 2.0 | 1.4 | 0.6 | N/A | -45.2% |
Total | 84.2 | 66.5 | 52.6 | 32.8 | -27.0% |
Top Export Markets for Oriented Strandboard (OSB) from South Korea in 2022:
- China (110.0 cubic meters)
This report provides an in-depth analysis of the oriented strandboard (osb) 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 1606 - OSB
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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