Republic of Korea: Market for Paper And Paperboard, Excluding Newsprint 2024

Market Size for Paper And Paperboard, Excluding Newsprint in Republic of Korea

The South Korean market for paper and paperboard, excluding newsprint amounted to $X in 2022, approximately reflecting the previous year. In general, consumption saw a slight setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Paper And Paperboard, Excluding Newsprint in Republic of Korea

In value terms, paper and paperboard, excluding newsprint production amounted to $X in 2022 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Paper and paperboard, excluding newsprint production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Exports of Paper And Paperboard, Excluding Newsprint

Exports from Republic of Korea

In 2022, overseas shipments of paper and paperboard, excluding newsprint decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, paper and paperboard, excluding newsprint exports expanded markedly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of paper and paperboard, excluding newsprint exports from South Korea, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Vietnam ($X) were the largest markets for paper and paperboard, excluding newsprint exported from South Korea worldwide, with a combined X% share of total exports. India, Indonesia, Malaysia, Australia, the Philippines, Thailand, Japan, Taiwan (Chinese), Bangladesh and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw 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

In 2022, the average export price for paper and paperboard, excluding newsprint amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a slight expansion. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper And Paperboard, Excluding Newsprint

Imports into Republic of Korea

In 2022, after two years of growth, there was significant decline in supplies from abroad of paper and paperboard, excluding newsprint, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, paper and paperboard, excluding newsprint imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of paper and paperboard, excluding newsprint imports to South Korea, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) constituted the largest paper and paperboard, excluding newsprint suppliers to South Korea, together comprising X% of total imports. Indonesia, Taiwan (Chinese), Sweden, Finland, Russia and Australia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for paper and paperboard, excluding newsprint amounted to $X per ton, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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