Republic of Korea: Wood Fuel (Coniferous) Market 2020

Wood Fuel (Coniferous) Market Size in Republic of Korea

The revenue of the wood fuel (coniferous) market in South Korea amounted to $X in 2017, rising by X% against the previous year. Overall, wood fuel (coniferous) consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, with an increase of X% year-to-year. Over the period under review, the wood fuel (coniferous) market attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Wood Fuel (Coniferous) Production in Republic of Korea

In 2017, production of wood fuel (coniferous) in South Korea amounted to X cubic meters, approximately reflecting the previous year. In general, wood fuel (coniferous) production continues to indicate a sharp curtailment. The pace of growth was the most pronounced in 2013, with an increase of X% year-to-year. The wood fuel (coniferous) production peaked of X cubic meters in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Wood Fuel (Coniferous) Exports from Republic of Korea

Wood fuel (coniferous) exports from South Korea stood at X cubic meters in 2017, picking up by X% against the previous year. Overall, the total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the wood fuel (coniferous) exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2016, with an increase of X% against the previous year. Over the period under review, the wood fuel (coniferous) exports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, wood fuel (coniferous) exports totaled $X in 2017. In general, wood fuel (coniferous) exports continue to indicate a modest growth. In that year, the wood fuel (coniferous) exports reached their peak level of $X. From 2013 to 2017, growth of the wood fuel (coniferous) exports failed to regain its momentum.

Wood Fuel (Coniferous) Exports by Country from Republic of Korea

India (X cubic meters), Indonesia (X cubic meters) and the United Arab Emirates (X cubic meters) were the main destinations of wood fuel (coniferous) exports from South Korea, together comprising X% of total exports. Cameroon, Kyrgyzstan, Oman and Turkey lagged somewhat behind, together comprising a further X%.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Oman (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest markets for wood fuel (coniferous) exported from South Korea were Indonesia ($X), India ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. These countries were followed by Cameroon, Kyrgyzstan, Turkey and Oman, which together accounted for a further X%.

Among the main countries of destination , Kyrgyzstan (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Wood Fuel (Coniferous) Export Prices by Country in Republic of Korea

In 2017, the average wood fuel (coniferous) export price amounted to $X per thousand cubic meters, jumping by X% against the previous year. Overall, wood fuel (coniferous) export price continues to indicate a moderate deduction. The most prominent rate of growth was recorded in 2012, an increase of X% year-to-year. In that year, the average export prices for wood fuel (coniferous) attained their peak level of $X per thousand cubic meters. From 2013 to 2017, growth of the average export prices for wood fuel (coniferous) failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was the United Arab Emirates ($X per thousand cubic meters), while average price for exports to Oman ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Kyrgyzstan (X% per year), the export prices for other major destinations experienced mixed trend patterns.

Wood Fuel (Coniferous) Imports into Republic of Korea

In 2017, wood fuel (coniferous) imports into South Korea stood at X cubic meters, going up by X% against the previous year. In general, wood fuel (coniferous) imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. Over the period under review, the wood fuel (coniferous) imports attained its maximum volume of X cubic meters in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, wood fuel (coniferous) imports totaled $X in 2017. In general, wood fuel (coniferous) imports continue to indicate a relatively flat trend pattern. The imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Wood Fuel (Coniferous) Imports by Country into Republic of Korea

Latvia (X cubic meters), Estonia (X cubic meters) and China (X cubic meters) were the main suppliers of wood fuel (coniferous) imports to South Korea, with a combined X% share of total imports. Sweden, the Czech Republic, Finland, Japan and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest wood fuel (coniferous) suppliers to South Korea were China ($X), Estonia ($X) and Latvia ($X), together accounting for X% of total imports. Sweden, Japan, Indonesia, Finland and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main suppliers , the Czech Republic (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Wood Fuel (Coniferous) Import Prices by Country in Republic of Korea

The average wood fuel (coniferous) import price stood at $X per thousand cubic meters in 2017, surging 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 2008, when the average import prices increased by X% y-o-y. Over the period under review, the average import prices for wood fuel (coniferous) attained its maximum level of $X per thousand cubic meters in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per thousand cubic meters), while prices for wood fuel (coniferous) imports from the Czech Republic ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform