Price for Prefabricated Buildings of Wood in South Korea - 2022

Contents:

1. Price for Prefabricated Buildings of Wood in South Korea (CIF) - 2022
2. Price for Prefabricated Buildings of Wood in South Korea (FOB) - 2022
3. Imports of Prefabricated Buildings of Wood in South Korea
4. Exports of Prefabricated Buildings of Wood in South Korea

Price for Prefabricated Buildings of Wood in South Korea (CIF) - 2022

In December 2022, the average prefabricated buildings of wood import price amounted to $35,491 per unit, jumping by 58% against the previous month. In general, import price indicated tangible growth from December 2021 to December 2022: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, prefabricated buildings of wood import price increased by +112.1% against September 2022 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($102K per unit), while the price for Japan ($25,522 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Poland (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prefabricated Buildings of Wood in South Korea (FOB) - 2022

In 2022, the average prefabricated buildings of wood export price amounted to $29,536 per unit, which is down by -25.5% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2020 when the average export price increased by 23% against the previous year. The export price peaked at $88,476 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 China ($187,974 per unit), while the average price for exports to Vietnam ($23,441 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prefabricated Buildings of Wood in South Korea

Prefabricated buildings of wood imports into South Korea shrank sharply to 153 units in 2022, waning by -18.6% on 2021 figures. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of 188 units, and then contracted sharply in the following year.

In value terms, prefabricated buildings of wood imports fell notably to $3.2M in 2022. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure at $4.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Prefabricated Buildings of Wood to South Korea in 2022:

1. China (53.0 units)
2. Russia (38.0 units)
3. Japan (15.0 units)
4. Thailand (7.0 units)
5. Lithuania (5.0 units)
6. Estonia (4.0 units)
7. Philippines (4.0 units)
8. Canada (3.0 units)
9. Latvia (3.0 units)

Exports of Prefabricated Buildings of Wood in South Korea

In 2022, prefabricated buildings of wood exports from South Korea expanded significantly to 9 units, growing by 13% on 2021 figures. Over the period under review, exports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 60%. The exports peaked at 10 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, prefabricated buildings of wood exports reduced notably to $256K in 2022. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year. As a result, the exports attained the peak of $328K, and then declined rapidly in the following year.

Top Export Markets for Prefabricated Buildings of Wood from South Korea in 2022:

1. India (2.0 units)
2. Vietnam (2.0 units)
3. Philippines (1.0 units)
4. United States (1.0 units)
5. Japan (1.0 units)
6. New Zealand (1.0 units)