Republic of Korea: Chipped Non-Coniferous Wood Market 2020

Chipped Non-Coniferous Wood Market Size in Republic of Korea

The revenue of the chipped non-coniferous wood market in South Korea amounted to $X in 2018, picking 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). In general, chipped non-coniferous wood consumption continues to indicate a mild deduction. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. In that year, the chipped non-coniferous wood market reached its peak level of $X. From 2009 to 2018, the growth of the chipped non-coniferous wood market remained at a lower figure.

Chipped Non-Coniferous Wood Exports

Exports from Republic of Korea

In 2018, approx. X tons of non-coniferous wood in chips or particles were exported from South Korea; surging by X% against the previous year. Overall, chipped non-coniferous wood exports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, chipped non-coniferous wood exports totaled $X in 2018. Overall, chipped non-coniferous wood exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, chipped non-coniferous wood exports reached their maximum at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

The Philippines (X tons) was the main destination for chipped non-coniferous wood exports from South Korea, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to the Philippines totaled +X%.

In value terms, the Philippines ($X) also remains the key foreign market for chipped non-coniferous wood exports from South Korea.

From 2007 to 2018, the average annual rate of growth in terms of value to the Philippines stood at +X%.

Export Prices by Country

The average chipped non-coniferous wood export price stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the chipped non-coniferous wood export price, however, continues to indicate an abrupt decrease. The growth pace was the most rapid in 2009 an increase of X% against the previous year. In that year, the average export prices for non-coniferous wood in chips or particles attained their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average export prices for non-coniferous wood in chips or particles remained at a lower figure.

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

From 2007 to 2018, the rate of growth in terms of prices for the Philippines amounted to +X% per year.

Chipped Non-Coniferous Wood Imports

Imports into Republic of Korea

In 2018, the chipped non-coniferous wood imports into South Korea amounted to X tons, picking up by X% against the previous year. Over the period under review, chipped non-coniferous wood imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Imports peaked at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, chipped non-coniferous wood imports amounted to $X in 2018. In general, chipped non-coniferous wood imports continue to indicate a measured shrinkage. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. In that year, chipped non-coniferous wood imports attained their peak of $X. From 2009 to 2018, the growth of chipped non-coniferous wood imports failed to regain its momentum.

Imports by Country

In 2018, Vietnam (X tons) constituted the largest chipped non-coniferous wood supplier to South Korea, accounting for a X% share of total imports. Moreover, chipped non-coniferous wood imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

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

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

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

Import Prices by Country

In 2018, the average chipped non-coniferous wood import price amounted to $X per ton, flattening at the previous year. In general, the chipped non-coniferous wood import price, however, continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. In that year, the average import prices for non-coniferous wood in chips or particles attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for non-coniferous wood in chips or particles remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the country with the highest price was Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform