Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea - 2022
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea (CIF) - 2022
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea (FOB) - 2022
- Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea (CIF) - 2022
The average import price for wood stood at $27 per cubic meter in 2022, dropping by -4.2% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood increased by +7.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $28 per cubic meter in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($93 per cubic meter), while the price for Australia ($15 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea (FOB) - 2022
The average export price for wood stood at $33 per cubic meter in 2022, with a decrease of -33.2% against the previous year. Over the period under review, the export price, however, saw noticeable growth. The growth pace was the most rapid in 2020 when the average export price increased by 320% against the previous year. As a result, the export price attained the peak level of $178 per cubic meter. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.8% per year.
Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea
For the third year in a row, South Korea recorded decline in supplies from abroad of wood, which decreased by -8.9% to 44K cubic meters in 2022. Overall, imports faced a sharp decrease. Over the period under review, imports of attained the maximum at 105K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of wood shrank to $1.2M in 2022. In general, imports recorded a sharp reduction. Over the period under review, imports of hit record highs at $2.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,385 | 715 | 621 | 673 | -21.4% |
| United States | 236 | 146 | 180 | 138 | -16.4% |
| Indonesia | 94.9 | 292 | 121 | 128 | 10.5% |
| China | 197 | 195 | 180 | 104 | -19.2% |
| Australia | 266 | 195 | 167 | 72.0 | -35.3% |
| Sri Lanka | 75.9 | 86.5 | 44.3 | 32.7 | -24.5% |
| Others | 41.4 | 29.6 | 28.8 | 24.0 | -16.6% |
| Total | 2,296 | 1,660 | 1,342 | 1,172 | -20.1% |
Top Suppliers of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated to South Korea in 2022:
- Vietnam (27.3K cubic meters)
- Indonesia (4.9K cubic meters)
- Australia (4.8K cubic meters)
- China (3.0K cubic meters)
- United States (1.5K cubic meters)
- Sri Lanka (1.5K cubic meters)
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea
In 2022, overseas shipments of wood were finally on the rise to reach 418 cubic meters after two years of decline. In general, exports, however, continue to indicate a mild reduction. The exports peaked at 442 cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of wood soared to $14K in 2022. Over the period under review, exports, however, faced a abrupt contraction. Over the period under review, the exports of attained the peak figure at $19K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.0 | 2.1 | 2.7 | 13.6 | 31.4% |
| Sri Lanka | 1.9 | N/A | N/A | N/A | 0% |
| United States | N/A | 16.0 | N/A | N/A | 0% |
| Taiwan (Chinese) | 9.1 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 1.3 | N/A | 0.1 | -61.1% |
| Total | 18.8 | 19.4 | 2.7 | 13.6 | -10.2% |
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from South Korea in 2022:
- India (417.0 cubic meters)
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