Republic of Korea: Fibreboard Market 2024

Fibreboard Market Size in Republic of Korea

The South Korean fibreboard market dropped modestly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Fibreboard Production in Republic of Korea

In value terms, fibreboard production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Fibreboard Exports

Exports from Republic of Korea

In 2022, shipments abroad of fibreboard was finally on the rise to reach X cubic meters after five years of decline. Over the period under review, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fibreboard exports surged to $X in 2022. Overall, exports, however, showed a abrupt setback. The exports peaked 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 fibreboard exports from South Korea, with a X% share of total exports. Moreover, fibreboard exports to Japan exceeded the volume sent to the second major destination, Mongolia (X cubic meters), more than tenfold. The third position in this ranking was taken by Vietnam (X cubic meters), with a X% share.

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

In value terms, Japan ($X) remains the key foreign market for fibreboard exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Mongolia, with a X% share.

From 2012 to 2022, the average annual growth rate 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 Mongolia (X% per year).

Export Prices by Country

The average fibreboard export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas 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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fibreboard Imports

Imports into Republic of Korea

In 2022, supplies from abroad of fibreboard decreased by X% to X cubic meters, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, fibreboard imports expanded to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X cubic meters) constituted the largest supplier of fibreboard to South Korea, with a X% share of total imports. Moreover, fibreboard imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X cubic meters), sixfold. The third position in this ranking was held by China (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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).

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

From 2012 to 2022, the average annual growth rate 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 fibreboard import price amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per cubic meter), while the price for Thailand ($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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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