Republic of Korea: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Republic of Korea

The South Korean dissolving grade wood pulp market soared to $X in 2022, jumping by 39% 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, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.4% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Dissolving Grade Wood Pulp

Exports from Republic of Korea

In 2022, after three years of decline, there was decline in shipments abroad of dissolving grade wood pulp, when their volume decreased by 0% to X kg. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 328%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, dissolving grade wood pulp exports totaled $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 204% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for dissolving grade wood pulp exports from South Korea, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

The average dissolving grade wood pulp export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 a decrease of -28.8%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -18.3% per year.

Imports of Dissolving Grade Wood Pulp

Imports into Republic of Korea

In 2022, supplies from abroad of dissolving grade wood pulp increased by 25% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, dissolving grade wood pulp imports skyrocketed to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +73.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), France (X tons) and Norway (X tons) were the main suppliers of dissolving grade wood pulp imports to South Korea, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +35.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of dissolving grade wood pulp to South Korea, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.7% per year) and Norway (+4.9% per year).

Import Prices by Country

The average dissolving grade wood pulp import price stood at $X per ton in 2022, jumping by 16% against the previous year. In general, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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