Republic of Korea: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Republic of Korea

In 2023, the South Korean market for coniferous wood in the rough was finally on the rise to reach $X for the first time since 2016, thus ending a six-year declining trend. Over the period under review, consumption, however, saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Coniferous Wood In The Rough in Republic of Korea

In value terms, coniferous wood in the rough production totaled $X in 2023 estimated in export price. Over the period under review, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, coniferous wood in rough production attained the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports from Republic of Korea

After seven years of growth, overseas shipments of coniferous wood in the rough decreased by X% to X cubic meters in 2023. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough exports shrank slightly to $X in 2023. In general, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X cubic meters), Vietnam (X cubic meters) and China (X cubic meters) were the main destinations of coniferous wood in the rough exports from South Korea, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Vietnam ($X) and China ($X) appeared to be the largest markets for coniferous wood in the rough exported from South Korea worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for coniferous wood in the rough amounted to $X per cubic meter, growing by X% against the previous year. Overall, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to China ($X per cubic meter) and Taiwan (Chinese) ($X per cubic meter), while the average price for exports to the United States ($X per cubic meter) and Indonesia ($X per cubic meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports into Republic of Korea

In 2023, overseas purchases of coniferous wood in the rough were finally on the rise to reach X cubic meters after six years of decline. Over the period under review, imports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, coniferous wood in the rough imports expanded to $X in 2023. In general, imports, however, showed a dramatic decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, New Zealand (X cubic meters) constituted the largest coniferous wood in the rough supplier to South Korea, accounting for a X% share of total imports. Moreover, coniferous wood in the rough imports from New Zealand exceeded the figures recorded by the second-largest supplier, Canada (X cubic meters), more than tenfold. The third position in this ranking was taken by the United States (X cubic meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United States (X% per year).

In value terms, the largest coniferous wood in the rough suppliers to South Korea were New Zealand ($X), Canada ($X) and the United States ($X), together accounting for X% of total imports.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average import price for coniferous wood in the rough amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for New Zealand ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform