Market Size for Wood Chips and Particles in South Korea - 2022

Wood Chips and Particles Consumption in South Korea - 2022

In 2022, consumption of wood chips and particles increased by 10% to 4.3M cubic meters, rising for the second year in a row after two years of decline. The total consumption volume increased at an average annual rate of +1.7% from 2017 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak volume of 4.5M cubic meters. From 2019 to 2022, the growth of the consumption remained at a somewhat lower figure.

The size of the wood chips and particles market in South Korea expanded sharply to $3.9B in 2022, increasing by 10% 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). The market value increased at an average annual rate of +2.0% over the period from 2017 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $4B. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Source: IndexBox Market Intelligence Platform