Republic of Korea - Builders' Joinery and Carpentry of Wood - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Market for Builders' Joinery And Carpentry Of Wood 2024
Market Size for Builders' Joinery And Carpentry Of Wood in Republic of Korea
In 2023, the South Korean wooden joinery and carpentry market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, posted strong growth. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.
Exports of Builders' Joinery And Carpentry Of Wood
Exports from Republic of Korea
In 2023, approx. X tons of builders' joinery and carpentry of wood were exported from South Korea; increasing by X% against the year before. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
In value terms, wooden joinery and carpentry exports skyrocketed to $X in 2023. Overall, exports, however, showed a deep reduction. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.
Exports by Country
Mongolia (X tons) was the main destination for wooden joinery and carpentry exports from South Korea, accounting for a X% share of total exports. Moreover, wooden joinery and carpentry exports to Mongolia exceeded the volume sent to the second major destination, Japan (X tons), fourfold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Mongolia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Kyrgyzstan (X% per year).
In value terms, Japan ($X), Mongolia ($X) and the Philippines ($X) appeared to be the largest markets for wooden joinery and carpentry exported from South Korea worldwide, with a combined X% share of total exports. The United States, China, Kyrgyzstan, Cambodia, Vietnam and Russia lagged somewhat behind, together comprising a further X%.
Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average wooden joinery and carpentry export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mongolia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Builders' Joinery And Carpentry Of Wood
Imports into Republic of Korea
After two years of growth, supplies from abroad of builders' joinery and carpentry of wood decreased by X% to X tons in 2023. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.
In value terms, wooden joinery and carpentry imports fell to $X in 2023. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.
Imports by Country
Vietnam (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of wooden joinery and carpentry imports to South Korea, together accounting for X% of total imports. Finland, Italy, Austria and Canada lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Indonesia ($X) and Vietnam ($X) were the largest wooden joinery and carpentry suppliers to South Korea, together comprising X% of total imports. Italy, Finland, Austria and Canada lagged somewhat behind, together accounting for a further X%.
Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average wooden joinery and carpentry import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for wooden joinery and carpentry 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 16221030 - Parquet panels of wood for mosaic floors
- Prodcom 16221060 - Parquet panels of wood (excluding those for mosaic floors)
- Prodcom 16231110 - Windows, french windows and their frames, of wood
- Prodcom 16231150 - Doors and their frames and thresholds, of wood
- Prodcom 16231200 - Shuttering for concrete constructional work, shingles and shakes, of wood
- Prodcom 16231900 - Builders
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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