Republic of Korea: Chipped Coniferous Wood Market 2020

Chipped Coniferous Wood Market Size in Republic of Korea

The revenue of the chipped coniferous wood market in South Korea amounted to $X in 2018, going up by X% 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). Over the period under review, chipped coniferous wood consumption continues to indicate a notable increase. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Chipped coniferous wood consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Chipped Coniferous Wood Exports

Exports from Republic of Korea

In 2018, the amount of coniferous wood in chips or particles exported from South Korea stood at X tons, increasing by X% against the previous year. Over the period under review, chipped coniferous wood exports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, chipped coniferous wood exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, chipped coniferous wood exports stood at $X in 2018. In general, chipped coniferous wood exports continue to indicate a drastic decrease. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for chipped coniferous wood exports from South Korea, with a X% share of total exports. Moreover, chipped coniferous wood exports to China exceeded the volume sent to the second major destination, Indonesia (X kg), threefold. The third position in this ranking was occupied by Italy (X kg), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Italy (+X% per year).

In value terms, China ($X) remains the key foreign market for chipped coniferous wood exports from South Korea, comprising X% of total chipped coniferous wood exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2018, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Indonesia (-X% per year).

Export Prices by Country

In 2018, the average chipped coniferous wood export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the chipped coniferous wood export price continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 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 Italy ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Chipped Coniferous Wood Imports

Imports into Republic of Korea

In 2018, approx. X tons of coniferous wood in chips or particles were imported into South Korea; increasing by X% against the previous year. In general, chipped coniferous wood imports continue to indicate noticeable growth. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, chipped coniferous wood imports amounted to $X in 2018. In general, chipped coniferous wood imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, chipped coniferous wood imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Vietnam (X tons) constituted the largest chipped coniferous wood supplier to South Korea, with a X% share of total imports. Moreover, chipped coniferous wood imports from Vietnam exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold.

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

In value terms, Vietnam ($X) constituted the largest supplier of chipped coniferous wood to South Korea, comprising X% of total chipped coniferous wood imports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2018, the average chipped coniferous wood import price amounted to $X per ton, going up by X% against the previous year. Overall, the chipped coniferous wood import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for coniferous wood in chips or particles reached their maximum at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform