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Republic of Korea - Industrial Roundwood (Non-Coniferous) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Industrial Roundwood (Non-Coniferous) Market 2024
Industrial Roundwood (Non-Coniferous) Market Size in Republic of Korea
The South Korean industrial roundwood (non-coniferous) market reduced to $X in 2022, waning by -3.1% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Industrial Roundwood (Non-Coniferous) Production in Republic of Korea
In value terms, industrial roundwood (non-coniferous) production shrank to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,061% against the previous year. Over the period under review, (non-coniferous) production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Industrial Roundwood (Non-Coniferous) Exports
Exports from Republic of Korea
Industrial roundwood (non-coniferous) exports from South Korea reduced to X cubic meters in 2022, shrinking by -5.9% against the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 266% against the previous year. Over the period under review, the (non-coniferous) exports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
In value terms, industrial roundwood (non-coniferous) exports surged to $X in 2022. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 when exports increased by 1,244% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the (non-coniferous) exports remained at a somewhat lower figure.
Exports by Country
Singapore (X cubic meters), Japan (X cubic meters) and China (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from South Korea, with a combined 98% share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +79.0%), while the other leaders experienced mixed trend patterns.
In value terms, Singapore ($X) emerged as the key foreign market for industrial roundwood exports from South Korea, comprising 81% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by China, with a 1.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +138.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.2% per year) and China (-3.1% per year).
Export Prices by Country
The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, rising by 40% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2014 an increase of 267%. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Roundwood (Non-Coniferous) Imports
Imports into Republic of Korea
Industrial roundwood (non-coniferous) imports into South Korea fell to X cubic meters in 2022, which is down by -13.8% against the previous year's figure. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 3.4%. Over the period under review, (non-coniferous) imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.
In value terms, industrial roundwood (non-coniferous) imports dropped to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, Papua New Guinea (X cubic meters) constituted the largest industrial roundwood (non-coniferous) supplier to South Korea, with a 67% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from Papua New Guinea exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), sixfold. The third position in this ranking was held by Solomon Islands (X cubic meters), with a 6.7% share.
From 2012 to 2022, the average annual growth rate of volume from Papua New Guinea stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.8% per year) and Solomon Islands (-17.1% per year).
In value terms, Papua New Guinea ($X) constituted the largest supplier of industrial roundwood to South Korea, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Solomon Islands, with a 5.8% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Papua New Guinea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.5% per year) and Solomon Islands (-14.7% per year).
Import Prices by Country
In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, growing by 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per cubic meter), while the price for Papua New Guinea ($X per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Solomon Islands (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the industrial roundwood (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 1867 -
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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