Republic of Korea - Sawnwood (Non-Coniferous) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSawnwood (Non-Coniferous) Price in South Korea - 2022
Contents:
- Sawnwood (Non-Coniferous) Price in South Korea (CIF) - 2022
- Sawnwood (Non-Coniferous) Price in South Korea (FOB) - 2022
- Sawnwood (Non-Coniferous) Imports in South Korea
- Sawnwood (Non-Coniferous) Exports in South Korea
Sawnwood (Non-Coniferous) Price in South Korea (CIF) - 2022
The average sawnwood (non-coniferous) import price stood at $656 per cubic meter in December 2022, picking up by 14% against the previous month. Over the period under review, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in March 2022 an increase of 27% month-to-month. The import price peaked at $791 per cubic meter in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,320 per cubic meter), while the price for Uruguay ($236 per cubic meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Suriname (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sawnwood (Non-Coniferous) Price in South Korea (FOB) - 2022
In December 2022, the average sawnwood (non-coniferous) export price amounted to $2,101 per cubic meter, declining by -65.4% against the previous month. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in November 2022 when the average export price increased by 207% against the previous month. As a result, the export price attained the peak level of $6,076 per cubic meter, and then fell rapidly in the following month.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Indonesia ($2,575 per cubic meter), while the average price for exports to Vietnam amounted to $464 per cubic meter.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.6%), while the prices for the other major destinations experienced a decline.
Sawnwood (Non-Coniferous) Imports in South Korea
In 2022, overseas purchases of sawnwood (non-coniferous) decreased by -27.7% to 161K cubic meters for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.3% against the previous year. As a result, imports attained the peak of 223K cubic meters, and then fell remarkably in the following year.
In value terms, sawnwood (non-coniferous) imports fell markedly to $104M in 2022. Overall, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of $143M, and then declined sharply in the following year.
Import of Sawnwood (Non-Coniferous) in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 16.5 | 18.3 | 27.7 | 26.1 | 16.5% |
China | 21.2 | 26.7 | 39.7 | 24.5 | 4.9% |
Brazil | 7.5 | 4.5 | 9.8 | 10.8 | 12.9% |
Malaysia | 16.3 | 11.5 | 10.2 | 10.6 | -13.4% |
Vietnam | 29.3 | 33.1 | 34.7 | 7.1 | -37.7% |
Uruguay | 1.9 | 1.6 | 2.0 | 3.5 | 22.6% |
Indonesia | 2.8 | 2.0 | 2.4 | 2.6 | -2.4% |
Suriname | 2.3 | 3.2 | 1.3 | 2.2 | -1.5% |
Others | 16.1 | 17.7 | 15.6 | 16.3 | 0.4% |
Total | 114 | 119 | 143 | 104 | -3.0% |
Top Suppliers of Sawnwood (Non-Coniferous) to South Korea in 2022:
- Brazil (38.9K cubic meters)
- Malaysia (25.4K cubic meters)
- Vietnam (20.2K cubic meters)
- China (19.8K cubic meters)
- United States (16.3K cubic meters)
- Uruguay (12.6K cubic meters)
- Suriname (5.4K cubic meters)
- Indonesia (2.6K cubic meters)
Sawnwood (Non-Coniferous) Exports in South Korea
In 2022, approx. 1.7K cubic meters of sawnwood (non-coniferous) were exported from South Korea; remaining stable against 2021. Over the period under review, exports faced a dramatic decrease. Over the period under review, the exports reached the peak figure at 3.7K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, sawnwood (non-coniferous) exports expanded sharply to $4.4M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 27%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
Export of Sawnwood (Non-Coniferous) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 1,284 | 2,148 | 3,184 | 4,012 | 46.2% |
Japan | 262 | 93.6 | 312 | 154 | -16.2% |
Micronesia | 144 | 164 | 90.7 | 110 | -8.6% |
Vietnam | 71.5 | N/A | 55.4 | 78.5 | 3.2% |
China | 602 | 583 | 173 | 10.6 | -74.0% |
Philippines | N/A | 24.0 | N/A | N/A | 0% |
Others | 44.9 | 49.3 | 39.6 | 8.4 | -42.8% |
Total | 2,409 | 3,063 | 3,855 | 4,373 | 22.0% |
Top Export Markets for Sawnwood (Non-Coniferous) from South Korea in 2022:
- Indonesia (1367.0 cubic meters)
- Micronesia (128.0 cubic meters)
- Japan (108.0 cubic meters)
- Vietnam (83.0 cubic meters)
- China (9.0 cubic meters)
This report provides an in-depth analysis of the sawnwood (non-coniferous) market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1633 - Sawnwood, non-coniferous all
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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