Republic of Korea - Wooden Furniture Of A Kind Used In The Kitchen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWooden Kitchen Furniture Price in South Korea - 2022
Contents:
- Wooden Kitchen Furniture Price in South Korea (CIF) - 2022
- Wooden Kitchen Furniture Price in South Korea (FOB) - 2022
- Wooden Kitchen Furniture Imports in South Korea
- Wooden Kitchen Furniture Exports in South Korea
Wooden Kitchen Furniture Price in South Korea (CIF) - 2022
In 2022, the average wooden kitchen furniture import price amounted to $66 per unit, increasing by 2.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 21%. As a result, import price reached the peak level of $69 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($66 per unit) and San Marino ($66 per unit), while the price for Thailand ($66 per unit) and Germany ($66 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by San Marino (+6.5%), while the prices for the other major suppliers experienced a decline.
Wooden Kitchen Furniture Price in South Korea (FOB) - 2022
In 2022, the average wooden kitchen furniture export price amounted to $38 per unit, with a decrease of -34.8% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $69 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($38 per unit) and the Philippines ($38 per unit), while the average price for exports to Uganda ($38 per unit) and New Zealand ($38 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 New Zealand (-3.2%), while the prices for the other major destinations experienced a decline.
Wooden Kitchen Furniture Imports in South Korea
After two years of decline, supplies from abroad of wooden furniture for kitchens increased by 9.1% to 1.6M units in 2022. Overall, imports, however, showed a drastic downturn. Imports peaked at 1.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, wooden kitchen furniture imports expanded rapidly to $108M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wooden Kitchen Furniture in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 12.7 | 19.2 | 12.1 | 29.9 | 33.0% |
| Germany | 25.6 | 21.5 | 23.9 | 26.2 | 0.8% |
| Vietnam | 32.4 | 31.0 | 27.0 | 22.0 | -12.1% |
| China | 9.1 | 8.9 | 11.4 | 10.2 | 3.9% |
| San Marino | 2.1 | 4.3 | 7.2 | 7.3 | 51.5% |
| Malaysia | 5.4 | 5.2 | 3.8 | 3.1 | -16.9% |
| Indonesia | 2.0 | 1.5 | 2.4 | 2.1 | 1.6% |
| Others | 8.4 | 9.0 | 9.1 | 7.2 | -5.0% |
| Total | 97.7 | 101 | 96.8 | 108 | 3.4% |
Top Suppliers of Wooden Kitchen Furniture to South Korea in 2022:
- Italy (452.5K units)
- Germany (395.4K units)
- Vietnam (333.3K units)
- China (154.4K units)
- San Marino (110.4K units)
- Malaysia (46.4K units)
- Indonesia (31.8K units)
Wooden Kitchen Furniture Exports in South Korea
In 2022, exports of wooden furniture for kitchens from South Korea stood at 109K units, surging by 7.3% compared with the previous year's figure. Over the period under review, exports, however, recorded a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 113% against the previous year. As a result, the exports attained the peak of 489K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, wooden kitchen furniture exports declined sharply to $4.2M in 2022. In general, exports, however, saw a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year. As a result, the exports reached the peak of $22M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Wooden Kitchen Furniture in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.9 | 3.7 | 3.1 | 2.9 | -9.4% |
| United States | 5.1 | 16.6 | 2.2 | 0.6 | -51.0% |
| Philippines | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Uganda | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| New Zealand | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.7 | 1.8 | 0.4 | 0.3 | -43.9% |
| Total | 11.2 | 22.4 | 6.0 | 4.2 | -27.9% |
Top Export Markets for Wooden Kitchen Furniture from South Korea in 2022:
- Japan (76.3K units)
- United States (15.0K units)
- Philippines (4.6K units)
- Uganda (3.1K units)
- New Zealand (1.6K units)
This report provides an in-depth analysis of the wooden kitchen furniture 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 31021000 - Kitchen furniture
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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