Republic of Korea - Waferboard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWaferboard Price in South Korea - 2022
Contents:
- Waferboard Price in South Korea (CIF) - 2022
- Waferboard Price in South Korea (FOB) - 2022
- Waferboard Imports in South Korea
- Waferboard Exports in South Korea
Waferboard Price in South Korea (CIF) - 2022
The average waferboard import price stood at $137 per cubic meter in December 2022, shrinking by -5% against the previous month. Overall, the import price saw a pronounced slump. The growth pace was the most rapid in February 2022 when the average import price increased by 3.3% against the previous month. Over the period under review, average import prices attained the maximum at $188 per cubic meter in March 2022; however, from April 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Malaysia ($144 per cubic meter), while the price for Indonesia ($120 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 Thailand (-2.2%), while the prices for the other major suppliers experienced a decline.
Waferboard Price in South Korea (FOB) - 2022
In 2022, the average waferboard export price amounted to $727 per cubic meter, declining by -5.1% against the previous year. Over the period under review, the export price, however, saw a measured increase. The growth pace was the most rapid in 2013 when the average export price increased by 178% against the previous year. As a result, the export price reached the peak level of $1,403 per cubic meter. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($720 per cubic meter), while the average price for exports to Poland stood at $714 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.1%), while the prices for the other major destinations experienced a decline.
Waferboard Imports in South Korea
In 2022, approx. 1.2M cubic meters of waferboards were imported into South Korea; falling by -12% against the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports attained the peak of 1.4M cubic meters, and then shrank in the following year.
In value terms, waferboard imports shrank to $206M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +43.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $241M, and then contracted in the following year.
| Import of Waferboard in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 123 | 118 | 219 | 190 | 15.6% |
| Indonesia | 14.5 | 15.1 | 6.4 | 8.3 | -17.0% |
| Malaysia | 9.8 | 8.5 | 8.4 | 5.5 | -17.5% |
| Others | 1.3 | 1.4 | 7.2 | 2.3 | 20.9% |
| Total | 149 | 143 | 241 | 206 | 11.4% |
Top Suppliers of Waferboard to South Korea in 2022:
- Thailand (1119.3K cubic meters)
- Indonesia (55.1K cubic meters)
- Malaysia (29.1K cubic meters)
Waferboard Exports in South Korea
In 2022, the amount of waferboards exported from South Korea contracted dramatically to 260 cubic meters, with a decrease of -75.6% on 2021. Overall, exports faced a sharp decrease. The smallest decline of -4% was in 2021. Over the period under review, the exports reached the peak figure at 1.3K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, waferboard exports dropped significantly to $189K in 2022. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -1.1% was in 2020. The exports peaked at $888K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Waferboard in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 650 | 740 | 669 | 140 | -40.1% |
| Poland | N/A | N/A | N/A | 40.7 | 0% |
| Philippines | 42.8 | 17.4 | 2.8 | 1.9 | -64.6% |
| Vietnam | N/A | 75.2 | 0.1 | 0.6 | -91.1% |
| China | N/A | N/A | 10.0 | 0.3 | -97.0% |
| Kenya | 15.2 | N/A | N/A | N/A | 0% |
| Zimbabwe | N/A | 33.7 | 7.7 | N/A | -77.2% |
| Indonesia | 43.8 | N/A | N/A | N/A | 0% |
| Others | 136 | 11.8 | 126 | 5.1 | -66.5% |
| Total | 888 | 878 | 815 | 189 | -40.3% |
Top Export Markets for Waferboard from South Korea in 2022:
- Japan (195.0 cubic meters)
- Poland (57.0 cubic meters)
- Philippines (3.0 cubic meters)
- China (2.0 cubic meters)
- Vietnam (1.0 cubic meters)
This report provides an in-depth analysis of the waferboard 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 16211313 - Particle board, of wood
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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