Republic of Korea: Hardboard Market Overview 2020

Hardboard Market Size in Republic of Korea

The revenue of the hardboard market in South Korea amounted to $X in 2018, falling by -X% against the previous year. Overall, hardboard consumption continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Hardboard consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Hardboard Production in Republic of Korea

In value terms, hardboard production amounted to $X in 2018 estimated in export prices. In general, hardboard production continues to indicate a measured curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Hardboard production peaked at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Hardboard Exports

Exports from Republic of Korea

Hardboard exports from South Korea totaled X cubic meters in 2018, remaining constant against the previous year. In general, hardboard exports continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, hardboard exports attained their peak figure at X cubic meters in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, hardboard exports totaled $X in 2018. In general, hardboard exports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, hardboard exports attained their peak figure at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Viet Nam (X cubic meters) was the main destination for hardboard exports from South Korea, accounting for a X% share of total exports. Moreover, hardboard exports to Viet Nam exceeded the volume sent to the second major destination, Japan (X cubic meters), twofold. Iran (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Iran (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Kazakhstan (+X% per year).

Export Prices by Country

In 2018, the average hardboard export price amounted to $X per cubic meter, reducing by -X% against the previous year. Overall, the hardboard export price continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, the average export prices for hardboard attained their maximum at $X per cubic meter in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Kazakhstan ($X per cubic meter), while the average price for exports to Iran ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan, while the prices for the other major destinations experienced more modest paces of growth.

Hardboard Imports

Imports into Republic of Korea

In 2018, the amount of hardboard imported into South Korea amounted to X cubic meters, lowering by -X% against the previous year. In general, hardboard imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Imports peaked at X cubic meters in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, hardboard imports totaled $X in 2018. Overall, hardboard imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, hardboard imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X cubic meters) constituted the largest hardboard supplier to South Korea, accounting for a X% share of total imports. Moreover, hardboard imports from China exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold. The third position in this ranking was occupied by Thailand (X cubic meters), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Thailand (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2018, the average hardboard import price amounted to $X per cubic meter, declining by -X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. In that year, the average import prices for hardboard attained their peak level of $X per cubic meter. From 2016 to 2018, the growth in terms of the average import prices for hardboard remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform