Republic of Korea - Saw Logs And Veneer Logs (Non-Coniferous) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Saw Logs and Veneer Logs (Non-Coniferous) in South Korea - 2022
Contents:
- Price for Saw Logs and Veneer Logs (Non-Coniferous) in South Korea (CIF) - 2022
- Price for Saw Logs and Veneer Logs (Non-Coniferous) in South Korea (FOB) - 2022
- Imports of Saw Logs and Veneer Logs (Non-Coniferous) in South Korea
- Exports of Saw Logs and Veneer Logs (Non-Coniferous) in South Korea
Price for Saw Logs and Veneer Logs (Non-Coniferous) in South Korea (CIF) - 2022
In December 2022, the average import price for saw logs and veneer logs (non-coniferous) amounted to $262 per cubic meter, with an increase of 12% against the previous month. In general, the import price saw a slight expansion. The growth pace was the most rapid in September 2022 when the average import price increased by 46% m-o-m. As a result, import price reached the peak level of $397 per cubic meter. From October 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($852 per cubic meter), while the price for Solomon Islands ($190 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 the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Saw Logs and Veneer Logs (Non-Coniferous) in South Korea (FOB) - 2022
The average export price for saw logs and veneer logs (non-coniferous) stood at $1,336 per cubic meter in 2022, with a decrease of -10.2% against the previous year. In general, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 an increase of 1,219% against the previous year. As a result, the export price attained the peak level of $2,734 per cubic meter. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($1,880 per cubic meter), while the average price for exports to China ($361 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 Singapore (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Saw Logs and Veneer Logs (Non-Coniferous) in South Korea
In 2022, imports of saw logs and veneer logs (non-coniferous) into South Korea dropped to 134K cubic meters, waning by -13.7% compared with the year before. Overall, imports recorded a abrupt contraction. The smallest decline of -6.5% was in 2021. Over the period under review, imports of attained the peak figure at 183K cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of saw logs and veneer logs (non-coniferous) fell to $38M in 2022. Over the period under review, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 4.9%. Over the period under review, imports of reached the maximum at $44M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Saw Logs and Veneer Logs (Non-Coniferous) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 16.3 | 12.5 | 16.7 | 19.9 | 6.9% |
| United States | 9.8 | 7.7 | 11.9 | 8.6 | -4.3% |
| Solomon Islands | 7.0 | 5.7 | 2.5 | 2.2 | -32.0% |
| Hungary | 0.1 | 0.8 | 1.1 | 1.6 | 152.0% |
| Suriname | 2.8 | 4.7 | 1.0 | 1.3 | -22.6% |
| Australia | 1.6 | 1.9 | 1.3 | 1.1 | -11.7% |
| Japan | 2.4 | 2.3 | 2.1 | 1.1 | -22.9% |
| Malaysia | 0.9 | 0.8 | 1.1 | N/A | 10.6% |
| Others | 3.4 | 3.2 | 3.7 | 2.6 | -8.6% |
| Total | 44.3 | 39.6 | 41.5 | 38.4 | -4.7% |
Top Suppliers of Saw Logs and Veneer Logs (Non-Coniferous) to South Korea in 2022:
- Papua New Guinea (90.0K cubic meters)
- United States (13.9K cubic meters)
- Solomon Islands (8.9K cubic meters)
- Suriname (4.9K cubic meters)
- Japan (4.4K cubic meters)
- Australia (3.1K cubic meters)
- Hungary (2.6K cubic meters)
Exports of Saw Logs and Veneer Logs (Non-Coniferous) in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of saw logs and veneer logs (non-coniferous), when their volume increased by 47% to 256 cubic meters. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of saw logs and veneer logs (non-coniferous) soared to $342K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Saw Logs and Veneer Logs (Non-Coniferous) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 3.3 | 276 | 8263.6% |
| Japan | 15.2 | N/A | N/A | 56.3 | 54.7% |
| China | 149 | 247 | 167 | 4.7 | -68.4% |
| Kiribati | 2.4 | 6.6 | 6.9 | 4.6 | 24.2% |
| Malaysia | N/A | N/A | 43.5 | N/A | 0% |
| Canada | 26.4 | 0.4 | N/A | N/A | -98.5% |
| Others | 1.3 | N/A | 38.4 | N/A | 443.5% |
| Total | 195 | 254 | 259 | 342 | 20.6% |
Top Export Markets for Saw Logs and Veneer Logs (Non-Coniferous) from South Korea in 2022:
- Singapore (147.0 cubic meters)
- Japan (90.0 cubic meters)
- China (13.0 cubic meters)
- Kiribati (6.0 cubic meters)
This report provides an in-depth analysis of the market for saw logs and veneer logs (non-coniferous) 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 1603 - Pulpwood, round and split, non-coniferous (production)
- FCL 1604 - Sawlogs and veneer logs, non-coniferous
- FCL 1626 - Other industrial roundwood, non-coniferous (production)
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
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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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