Price for Wood; Posts and Beams in South Korea - 2021

Contents:

1. Price for Wood; Posts and Beams in South Korea (CIF) - 2022
2. Price for Wood; Posts and Beams in South Korea (FOB) - 2022
3. Imports of Wood; Posts and Beams in South Korea
4. Exports of Wood; Posts and Beams in South Korea

Price for Wood; Posts and Beams in South Korea (CIF) - 2022

The average wood; posts and beams import price stood at $1,479 per ton in 2022, dropping by -10.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 53% against the previous year. The import price peaked at $2,194 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($1,831 per ton), while the price for Austria amounted to $1,189 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.1%), while the prices for the other major suppliers experienced a decline.

Price for Wood; Posts and Beams in South Korea (FOB) - 2022

The average wood; posts and beams export price stood at $1,505 per ton in 2022, surging by 2.4% against the previous year. In general, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $4,447 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +13.4% per year.

Imports of Wood; Posts and Beams in South Korea

In 2022, purchases abroad of wood; posts and beamses decreased by -15.8% to 564 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports attained the peak of 670 tons, and then reduced sharply in the following year.

In value terms, wood; posts and beams imports declined significantly to $835K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 95%. As a result, imports attained the peak of $1.1M, and then declined markedly in the following year.

Top Suppliers of Wood; Posts and Beams to South Korea in 2022:

1. Austria (309.7 tons)
2. Japan (254.6 tons)

Exports of Wood; Posts and Beams in South Korea

In 2022, exports of wood; posts and beamses from South Korea was estimated at 51 tons, growing by 9.4% against the year before. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. As a result, the exports attained the peak of 55 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood; posts and beams exports expanded significantly to $77K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 14%. As a result, the exports attained the peak of $85K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Wood; Posts and Beams from South Korea in 2022:

1. Philippines (51.0 tons)

Source: IndexBox Market Intelligence Platform