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Republic of Korea - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Wood Fuel Market Overview 2021

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Wood Fuel Market Size in Republic of Korea

In 2020, the South Korean wood fuel market increased by X% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2015 to 2020, the growth of the market remained at a somewhat lower figure.

Wood Fuel Production in Republic of Korea

In value terms, wood fuel production surged to $X in 2020 estimated in export prices. In general, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2020, production growth remained at a lower figure.

Wood Fuel Exports

Exports from Republic of Korea

In 2020, overseas shipments of wood fuel decreased by -X% to X cubic meters, falling for the second year in a row after three years of growth. In general, exports showed a pronounced slump. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X cubic meters in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, wood fuel exports rose rapidly to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Israel (X cubic meters) was the main destination for wood fuel exports from South Korea, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Israel was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Israel was relatively modest.

Export Prices by Country

In 2020, the average wood fuel export price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2020, the rate of growth in terms of prices for Israel amounted to X% per year.

Wood Fuel Imports

Imports into Republic of Korea

In 2020, approx. X cubic meters of wood fuel were imported into South Korea; jumping by X% on 2019. Over the period under review, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to see steady growth in the immediate term.

In value terms, wood fuel imports shrank remarkably to $X in 2020. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Viet Nam (X cubic meters) constituted the largest supplier of wood fuel to South Korea, accounting for a X% share of total imports. Moreover, wood fuel imports from Viet Nam exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), threefold. Ukraine (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Viet Nam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Ukraine (+X% per year).

In value terms, Viet Nam ($X) constituted the largest supplier of wood fuel to South Korea, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Viet Nam amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Ukraine (+X% per year).

Import Prices by Country

In 2020, the average wood fuel import price amounted to $X per cubic meter, declining by -X% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood fuel in the world?
+
The countries with the highest volumes of wood fuel consumption in 2020 were India (302M cubic meters), China (157M cubic meters) and Brazil (124M cubic meters), together accounting for 30% of global consumption. Ethiopia, Democratic Republic of the Congo, the U.S., Nigeria, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan lagged somewhat behind, together accounting for a further 30%.
What are the largest producers of wood fuel in the world?
+
The countries with the highest volumes of wood fuel production in 2020 were India (302M cubic meters), China (157M cubic meters) and Brazil (124M cubic meters), with a combined 30% share of global production. These countries were followed by Ethiopia, Democratic Republic of the Congo, the U.S., Nigeria, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan, which together accounted for a further 30%.
What are the leading suppliers of wood fuel to Republic of Korea?
+
In value terms, Viet Nam ($26K) constituted the largest supplier of wood fuel to South Korea, comprising 40% of total imports. The second position in the ranking was occupied by the U.S. ($13K), with a 19% share of total imports. It was followed by Ukraine, with a 11% share.
What is the average export price for wood fuel in Republic of Korea?
+
In 2020, the average wood fuel export price amounted to $74 per cubic meter, increasing by 59% against the previous year.
What is the average import price for wood fuel in Republic of Korea?
+
In 2020, the average wood fuel import price amounted to $97 per cubic meter, shrinking by -54.4% against the previous year.

Product coverage:
• FCL 1627 - Wood fuel, coniferous (production)
• FCL 1628 - Wood fuel, non-coniferous (production)

This report provides an in-depth analysis of the wood fuel market 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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