Republic of Korea - Plywood - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlywood Price in South Korea - 2022
Contents:
- Plywood Price in South Korea (CIF) - 2022
- Plywood Price in South Korea (FOB) - 2022
- Plywood Imports in South Korea
- Plywood Exports in South Korea
Plywood Price in South Korea (CIF) - 2022
In December 2022, the average plywood import price amounted to $504 per cubic meter, leveling off at the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2022 an increase of 6.2% month-to-month. The import price peaked at $627 per cubic meter in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Finland ($1,238 per cubic meter), while the price for Vietnam ($354 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 Finland (+1.1%), while the prices for the other major suppliers experienced a decline.
Plywood Price in South Korea (FOB) - 2022
The average plywood export price stood at $1,117 per cubic meter in 2022, which is down by -11.2% against the previous year. In general, export price indicated a perceptible increase 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, plywood export price decreased by -23.1% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 43%. The export price peaked at $1,452 per cubic meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,377 per cubic meter), while the average price for exports to the Philippines ($491 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 Uzbekistan (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plywood Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of plywood, when their volume decreased by -24.8% to 1.2M cubic meters. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 4.5%. As a result, imports attained the peak of 1.6M cubic meters, and then dropped significantly in the following year.
In value terms, plywood imports contracted notably to $693M in 2022. In general, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $837M, and then reduced markedly in the following year.
| Import of Plywood in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 237 | 246 | 314 | 283 | 6.1% |
| Vietnam | 216 | 208 | 257 | 231 | 2.3% |
| China | 86.8 | 73.7 | 108 | 52.5 | -15.4% |
| Malaysia | 74.4 | 58.4 | 62.1 | 44.5 | -15.7% |
| Russia | 38.6 | 54.0 | 46.6 | 41.9 | 2.8% |
| Finland | 31.6 | 31.2 | 23.4 | 20.5 | -13.4% |
| Others | 39.4 | 45.8 | 26.2 | 20.4 | -19.7% |
| Total | 723 | 717 | 837 | 693 | -1.4% |
Top Suppliers of Plywood to South Korea in 2022:
- Vietnam (590.2K cubic meters)
- Indonesia (374.8K cubic meters)
- China (95.2K cubic meters)
- Malaysia (56.5K cubic meters)
- Russia (43.5K cubic meters)
- Finland (19.1K cubic meters)
Plywood Exports in South Korea
In 2022, the amount of plywood exported from South Korea expanded sharply to 4K cubic meters, increasing by 14% against the previous year's figure. In general, exports, however, continue to indicate a mild setback. The exports peaked at 4.2K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, plywood exports totaled $4.5M in 2022. Over the period under review, exports, however, continue to indicate a perceptible setback. Over the period under review, the exports reached the peak figure at $4.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plywood in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,498 | 2,326 | 2,357 | 1,963 | -7.7% |
| China | 360 | 238 | 264 | 387 | 2.4% |
| United States | 39.7 | 270 | 552 | 367 | 109.9% |
| Mongolia | 202 | 227 | 98.5 | 320 | 16.6% |
| Chile | N/A | N/A | 5.1 | 154 | 2919.6% |
| Philippines | 130 | 42.0 | 133 | 134 | 1.0% |
| Nigeria | 25.7 | 3.3 | 36.7 | 127 | 70.3% |
| Vietnam | 259 | 871 | 219 | 93.1 | -28.9% |
| France | 169 | 58.0 | 75.5 | 69.9 | -25.5% |
| Iraq | 355 | 3.1 | N/A | N/A | -99.1% |
| Others | 852 | 536 | 667 | 847 | -0.2% |
| Total | 4,891 | 4,574 | 4,408 | 4,463 | -3.0% |
Top Export Markets for Plywood from South Korea in 2022:
- Japan (1425.0 cubic meters)
- China (446.0 cubic meters)
- Mongolia (382.0 cubic meters)
- United States (332.0 cubic meters)
- Philippines (273.0 cubic meters)
- Nigeria (239.0 cubic meters)
- Chile (197.0 cubic meters)
- France (109.0 cubic meters)
- Vietnam (71.0 cubic meters)
This report provides an in-depth analysis of the plywood 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 1640 - Plywood
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
-
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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