Republic of Korea: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2025

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Republic of Korea

The South Korean market for wood pulp, excluding mechanical wood pulp dropped to $X in 2022, flattening at the previous year. Overall, consumption saw a slight downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Republic of Korea

In value terms, production of wood pulp, excluding mechanical wood pulp shrank to $X in 2022 estimated in export price. Overall, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 19% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Republic of Korea

Exports of wood pulp, excluding mechanical wood pulp from South Korea totaled X tons in 2022, picking up by 12% compared with 2021 figures. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 195% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp declined modestly to $X in 2022. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 183%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of exports of wood pulp, excluding mechanical wood pulp from South Korea, together comprising 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +285.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood pulp, excluding mechanical wood pulp exported from South Korea were China ($X), Japan ($X) and Vietnam ($X), together accounting for 87% of total exports.

Japan, with a CAGR of +242.0%, saw the highest rates of growth with regard to the value of exports, among 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

The average export price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, reducing by -15.4% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 66%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Thailand ($X per ton), while the average price for exports to Pakistan ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Republic of Korea

In 2022, overseas purchases of wood pulp, excluding mechanical wood pulp were finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a slight slump. The growth pace was the most rapid in 2019 with an increase of 9.3%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp amounted to $X in 2022. Over the period under review, imports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Canada (X tons), Brazil (X tons) and Indonesia (X tons) were the main suppliers of imports of wood pulp, excluding mechanical wood pulp to South Korea, together accounting for 50% of total imports. Chile, Uruguay, the United States, Russia, Finland and New Zealand lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Brazil ($X) and Indonesia ($X) appeared to be the largest wood pulp, excluding mechanical wood pulp suppliers to South Korea, together comprising 47% of total imports. Chile, the United States, Russia, Uruguay, New Zealand and Finland lagged somewhat behind, together accounting for a further 46%.

Finland, with a CAGR of +61.2%, recorded the highest growth rate of 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 import price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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