Price for Wood; Shingles and Shakes in South Korea - 2022

Contents:

1. Price for Wood; Shingles and Shakes in South Korea (CIF) - 2022
2. Price for Wood; Shingles and Shakes in South Korea (FOB) - 2022
3. Imports of Wood; Shingles and Shakes in South Korea
4. Exports of Wood; Shingles and Shakes in South Korea

Price for Wood; Shingles and Shakes in South Korea (CIF) - 2022

In 2022, the average wood; shingles and shakes import price amounted to $2,676 per ton, picking up by 4% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood; shingles and shakes import price increased by +10.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($2,872 per ton), while the price for China totaled $2,665 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Shingles and Shakes in South Korea (FOB) - 2022

The average wood; shingles and shakes export price stood at $469 per ton in 2022, falling by -71.1% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 90% against the previous year. Over the period under review, the average export prices hit record highs at $3,151 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Liberia.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +14.9% per year.

Imports of Wood; Shingles and Shakes in South Korea

After three years of growth, purchases abroad of wood; shingles and shakeses decreased by -18.7% to 121 tons in 2022. Over the period under review, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of 149 tons, and then declined sharply in the following year.

In value terms, wood; shingles and shakes imports dropped rapidly to $324K in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports reached the peak of $383K, and then contracted sharply in the following year.

Top Suppliers of Wood; Shingles and Shakes to South Korea in 2022:

1. China (105.5 tons)
2. Canada (14.4 tons)

Exports of Wood; Shingles and Shakes in South Korea

In 2022, the amount of wood; shingles and shakeses exported from South Korea dropped remarkably to 64 kg, waning by -82.7% against 2021. Over the period under review, exports continue to indicate a significant curtailment. The smallest decline of -64.2% was in 2020.

In value terms, wood; shingles and shakes exports shrank markedly to $30 in 2022. Overall, exports faced a significant curtailment. The smallest decline of -71.5% was in 2020.

Top Export Markets for Wood; Shingles and Shakes from South Korea in 2022:

1. Liberia (64.0 kg)

Source: IndexBox Market Intelligence Platform