Republic of Korea: Paper And Paperboard Market 2025

Paper And Paperboard Market Size in Republic of Korea

The South Korean paper and paperboard market totaled $X in 2022, approximately equating the previous year. Over the period under review, consumption saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Paper And Paperboard Production in Republic of Korea

In value terms, paper and paperboard production declined to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of X%. Paper and paperboard production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Paper And Paperboard Exports

Exports from Republic of Korea

For the sixth consecutive year, South Korea recorded decline in overseas shipments of paper and paperboard, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, paper and paperboard exports rose sharply to $X in 2022. In general, exports recorded a mild descent. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood 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 exports from South Korea, with a combined X% share of total exports. India, Malaysia, Australia, Indonesia, the Philippines, Thailand, Japan, Taiwan (Chinese), Bangladesh and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), China ($X) and Vietnam ($X) appeared to be the largest markets for paper and paperboard exported from South Korea worldwide, together accounting for X% of total exports. India, Indonesia, Australia, Malaysia, the Philippines, Thailand, Taiwan (Chinese), Japan, 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 paper and paperboard export price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Republic of Korea

After two years of growth, overseas purchases of paper and paperboard decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, paper and paperboard imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue 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 imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper and paperboard import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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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