Republic of Korea - Wood Boxes, Crates and Cable Drums - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wood Box and Cable Drum in South Korea - 2022
Contents:
- Price for Wood Box and Cable Drum in South Korea (CIF) - 2022
- Price for Wood Box and Cable Drum in South Korea (FOB) - 2022
- Imports of Wood Box and Cable Drum in South Korea
- Exports of Wood Box and Cable Drum in South Korea
Price for Wood Box and Cable Drum in South Korea (CIF) - 2022
In December 2022, the average import price for wood boxes, crates and cable drums amounted to $51.4 per unit, with an increase of 17% against the previous month. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $56.2 per unit in April 2022; however, from May 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 the Netherlands ($175 per unit), while the price for the United States ($15.3 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wood Box and Cable Drum in South Korea (FOB) - 2022
In 2022, the average export price for wood boxes, crates and cable drums amounted to $60 per unit, approximately mirroring the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum export price increased by +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($60 per unit) and Taiwan (Chinese) ($60 per unit), while the average price for exports to Sweden ($60 per unit) and Poland ($60 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood Box and Cable Drum in South Korea
In 2022, purchases abroad of wood boxes, crates and cable drums decreased by -18.8% to 843K units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, imports reached the peak of 1.1M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wood box and cable drum imports declined to $48M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32%. As a result, imports attained the peak of $55M, and then shrank in the following year.
| Import of Wood Box and Cable Drum in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.6 | 29.0 | 33.5 | 31.4 | 8.5% |
| Netherlands | 0.6 | 2.9 | 5.4 | 5.3 | 106.7% |
| Sweden | 4.9 | 5.1 | 5.4 | 2.5 | -20.1% |
| Taiwan (Chinese) | 1.1 | 1.5 | 3.7 | 2.2 | 26.0% |
| Brazil | 1.0 | 0.6 | 2.1 | 2.1 | 28.1% |
| Vietnam | 0.6 | 1.0 | 1.9 | 1.4 | 32.6% |
| United States | 0.7 | 0.5 | 0.9 | 1.0 | 12.6% |
| Others | 0.7 | 1.3 | 2.5 | 2.0 | 41.9% |
| Total | 34.2 | 41.9 | 55.2 | 47.9 | 11.9% |
Top Suppliers of Wood Box and Cable Drum to South Korea in 2022:
- China (554.1K units)
- Netherlands (93.3K units)
- Sweden (44.8K units)
- Taiwan (Chinese) (39.6K units)
- Brazil (36.7K units)
- Vietnam (24.2K units)
- United States (16.8K units)
Exports of Wood Box and Cable Drum in South Korea
In 2022, overseas shipments of wood boxes, crates and cable drums decreased by -11.7% to 149K units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 62%. As a result, the exports attained the peak of 247K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, wood box and cable drum exports declined to $9M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 53% against the previous year. The exports peaked at $10M in 2021, and then contracted in the following year.
| Export of Wood Box and Cable Drum in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 124 | 973 | 2,196 | 2,741 | 180.6% |
| United Kingdom | 239 | 1,008 | 1,225 | 1,406 | 80.5% |
| United States | 1,485 | 928 | 781 | 1,150 | -8.2% |
| China | 1,773 | 3,492 | 1,879 | 726 | -25.7% |
| Brazil | 167 | 303 | 761 | 602 | 53.3% |
| Japan | 532 | 398 | 612 | 461 | -4.7% |
| Poland | 4.3 | 0.5 | 0.1 | 380 | 345.4% |
| United Arab Emirates | 11.4 | 2.8 | 115 | 290 | 194.1% |
| Taiwan (Chinese) | 87.5 | 965 | 890 | 211 | 34.1% |
| Sweden | 150 | 171 | 186 | 195 | 9.1% |
| India | 94.7 | 124 | 225 | 135 | 12.5% |
| Germany | 840 | 537 | 697 | 120 | -47.7% |
| Slovakia | 317 | 140 | 123 | 58.6 | -43.0% |
| Others | 368 | 426 | 445 | 476 | 9.0% |
| Total | 6,193 | 9,469 | 10,134 | 8,950 | 13.1% |
Top Export Markets for Wood Box and Cable Drum from South Korea in 2022:
- Netherlands (45.5K units)
- United Kingdom (23.4K units)
- United States (19.1K units)
- China (12.1K units)
- Brazil (10.0K units)
- Japan (7.7K units)
- Poland (6.3K units)
- United Arab Emirates (4.8K units)
- Taiwan (Chinese) (3.5K units)
- Sweden (3.2K units)
- India (2.2K units)
- Germany (2.0K units)
- Slovakia (1.0K units)
This report provides an in-depth analysis of the market for wood box and cable drum 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 16241320 - Cases, boxes, crates, drums and similar packings of wood (excluding cable drums)
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
-
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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