Report Update Jan 1, 2025

Republic of Korea - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Wooden Particle Board Market 2025

Wooden Particle Board Market Size in Republic of Korea

The South Korean wooden particle board market reduced notably to $X in 2021, declining by -82.6% 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). Overall, consumption faced a dramatic descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Wooden Particle Board Exports

Exports from Republic of Korea

In 2021, exports of wooden particle board from South Korea soared to X cubic meters, picking up by 180% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 236%. Over the period under review, the exports reached the maximum at X cubic meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden particle board exports soared to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 377%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Iran (X cubic meters) was the main destination for wooden particle board exports from South Korea, accounting for a 88% share of total exports. Moreover, wooden particle board exports to Iran exceeded the volume sent to the second major destination, the United States (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran totaled +222.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.7% per year) and Japan (+47.6% per year).

In value terms, Iran ($X) emerged as the key foreign market for wooden particle board exports from South Korea, comprising 71% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iran totaled +507.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+129.5% per year) and the United States (-29.1% per year).

Export Prices by Country

In 2021, the average wooden particle board export price amounted to $X per cubic meter, reducing by -39.9% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Iran ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+88.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Particle Board Imports

Imports into Republic of Korea

In 2021, wooden particle board imports into South Korea shrank notably to X cubic meters, dropping by -15.9% against 2020 figures. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 207%. As a result, imports reached the peak of X cubic meters. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wooden particle board imports dropped remarkably to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 218%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X cubic meters) and Vietnam (X cubic meters) were the main suppliers of wooden particle board imports to South Korea.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +28.0%).

In value terms, China ($X) constituted the largest supplier of wooden particle board to South Korea, comprising 72% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -16.3%.

Import Prices by Country

The average wooden particle board import price stood at $X per cubic meter in 2021, with a decrease of -14.6% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Vietnam totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wooden particle board in the world?

The countries with the highest volumes of wooden particle board consumption in 2021 were China, the United States and India, together accounting for 50% of global consumption. Germany, Nigeria, Brazil, Russia, Indonesia, Bangladesh, France, the UK, Spain and Mexico lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of wooden particle board in the world?

The countries with the highest volumes of wooden particle board production in 2021 were China, the United States and India, with a combined 50% share of global production. These countries were followed by Germany, Nigeria, Brazil, Russia, Indonesia, Bangladesh, France, Spain, Mexico and the UK, which together accounted for a further 25%.

What are the leading suppliers of wooden particle board to Republic of Korea?

In value terms, China constituted the largest supplier of wooden particle board to South Korea.

What are the leading importers of wooden particle board from Republic of Korea?

In value terms, the largest markets for wooden particle board exported from South Korea were the United States, Vietnam and Japan.

What is the average export price for wooden particle board in Republic of Korea?

The average wooden particle board export price stood at $810 per cubic meter in 2021, surging by 458% against the previous year.

What is the average import price for wooden particle board in Republic of Korea?

In 2021, the average wooden particle board import price amounted to $519 per cubic meter, which is down by -6.7% against the previous year.

This report provides an in-depth analysis of the wooden particle board market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16211319 - Waferboard and similar board, of wood (excluding particle board and oriented strand board [OSB])

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024