Republic of Korea: Fiberboard Market 2024

Fiberboard Market Size in Republic of Korea

The South Korean fiberboard market reduced remarkably to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a prominent increase. Fiberboard consumption peaked at $X in 2021, and then contracted markedly in the following year.

Fiberboard Exports

Exports from Republic of Korea

In 2022, after five years of decline, there was growth in overseas shipments of fiber board of wood or other ligneous materials, when their volume increased by X% to X cubic meters. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fiberboard exports shrank slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X cubic meters) was the main destination for fiberboard exports from South Korea, accounting for a X% share of total exports. Moreover, fiberboard exports to Japan exceeded the volume sent to the second major destination, China (X cubic meters), sevenfold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

In value terms, Japan ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X 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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Fiberboard Imports

Imports into Republic of Korea

In 2022, imports of fiber board of wood or other ligneous materials into South Korea reduced remarkably to X cubic meters, with a decrease of X% on 2021 figures. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2021, and then fell markedly in the following year.

In value terms, fiberboard imports contracted rapidly to $X in 2022. In general, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Thailand (X cubic meters) constituted the largest supplier of fiberboard to South Korea, accounting for a X% share of total imports. Moreover, fiberboard imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X cubic meters), sixfold. Vietnam (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to South Korea, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while the price for India ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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