Price for Wood; Statuettes and Other Ornaments of Wood in South Korea - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in South Korea (FOB) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in South Korea (CIF) - 2022
- Exports of Wood; Statuettes and Other Ornaments of Wood in South Korea
- Imports of Wood; Statuettes and Other Ornaments of Wood in South Korea
Price for Wood; Statuettes and Other Ornaments of Wood in South Korea (FOB) - 2022
The average export price for wood; statuettes and other ornaments of wood stood at $22,272 per ton in 2022, increasing by 25% against the previous year. In general, the export price saw a measured increase. The growth pace was the most rapid in 2016 an increase of 134%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($72,713 per ton), while the average price for exports to Canada ($4,639 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+6,451.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in South Korea (CIF) - 2022
The average import price for wood; statuettes and other ornaments of wood stood at $6,337 per ton in 2022, increasing by 10% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.5% 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; statuettes and other ornaments of wood increased by +36.1% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($8,896 per ton), while the price for Indonesia ($2,435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood; Statuettes and Other Ornaments of Wood in South Korea
Exports of wood; statuettes and other ornaments of wood from South Korea shrank significantly to 9.8 tons in 2022, declining by -22.8% compared with the year before. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year.
In value terms, exports of wood; statuettes and other ornaments of wood dropped modestly to $218K in 2022. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 99%.
| Export of Wood; Statuettes and Other Ornaments of Wood in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 67.2 | 55.0 | 77.4 | 81.1 | 6.5% |
| China | 95.3 | 5.3 | 22.0 | 42.2 | -23.8% |
| United States | 34.4 | 10.2 | 21.4 | 22.7 | -12.9% |
| Switzerland | 0.4 | 0.5 | 18.1 | 19.0 | 262.2% |
| France | 15.3 | 5.9 | 2.5 | 8.2 | -18.8% |
| Taiwan (Chinese) | 0.9 | 0.1 | 4.7 | 7.9 | 106.3% |
| Netherlands | 0.2 | 0.5 | 6.4 | 6.7 | 222.4% |
| Canada | 5.8 | 1.2 | 3.7 | 3.9 | -12.4% |
| Hong Kong SAR | 1.0 | N/A | 9.5 | N/A | 208.2% |
| Kazakhstan | 12.5 | 0.1 | N/A | N/A | -99.2% |
| Panama | 13.3 | 16.8 | N/A | N/A | 26.3% |
| United Arab Emirates | N/A | 1.0 | 13.1 | N/A | 1210.0% |
| Brazil | 2.7 | N/A | N/A | N/A | 0% |
| Others | 30.8 | 16.7 | 47.0 | 26.7 | -4.7% |
| Total | 280 | 113 | 226 | 218 | -8.0% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from South Korea in 2022:
- United States (3.5 tons)
- China (1.6 tons)
- Japan (1.4 tons)
- Canada (0.8 tons)
- Taiwan (Chinese) (0.7 tons)
- Netherlands (0.3 tons)
- Switzerland (0.3 tons)
- France (0.2 tons)
Imports of Wood; Statuettes and Other Ornaments of Wood in South Korea
In 2022, approx. 27 tons of wood; statuettes and other ornaments of wood were imported into South Korea; falling by -96.2% compared with the year before. In general, imports faced a precipitous curtailment. The smallest decline of -13.7% was in 2021.
In value terms, imports of wood; statuettes and other ornaments of wood declined significantly to $172K in 2022. Over the period under review, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 6.8%.
| Import of Wood; Statuettes and Other Ornaments of Wood in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,510 | 2,014 | 2,166 | 86.5 | -67.5% |
| Indonesia | 877 | 879 | 803 | 31.9 | -66.9% |
| Vietnam | 155 | 165 | 186 | 7.4 | -63.7% |
| India | 126 | 96.3 | 37.3 | 3.2 | -70.6% |
| Thailand | 204 | 35.3 | 33.7 | 3.2 | -75.0% |
| Others | 885 | 692 | 920 | 39.8 | -64.4% |
| Total | 4,757 | 3,883 | 4,145 | 172 | -66.9% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to South Korea in 2022:
- Indonesia (13.1 tons)
- China (10.8 tons)
- Vietnam (0.8 tons)
- Thailand (0.7 tons)
- India (0.5 tons)
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