Price for Bamboo Used Primarily for Plaiting in South Korea - 2022

Contents:

1. Price for Bamboo Used Primarily for Plaiting in South Korea (CIF) - 2022
2. Price for Bamboo Used Primarily for Plaiting in South Korea (FOB) - 2022
3. Imports of Bamboo Used Primarily for Plaiting in South Korea
4. Exports of Bamboo Used Primarily for Plaiting in South Korea

Price for Bamboo Used Primarily for Plaiting in South Korea (CIF) - 2022

The average import price for bamboo used primarily for plaitings stood at $797 per ton in December 2022, picking up by 6.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average import price increased by 25% m-o-m. The import price peaked at $841 per ton in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.1% per month.

Price for Bamboo Used Primarily for Plaiting in South Korea (FOB) - 2022

In 2022, the average export price for bamboo used primarily for plaitings amounted to $1,957 per ton, with a decrease of -25.1% against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 308%. As a result, the export price attained the peak level of $4,890 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($19,626 per ton), while the average price for exports to China ($177 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+51.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bamboo Used Primarily for Plaiting in South Korea

In 2022, overseas purchases of bamboo used primarily for plaitings increased by 12% to 4.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt contraction.

In value terms, bamboo used primarily for plaiting imports stood at $2.7M in 2022. In general, imports, however, recorded a mild decrease.

Top Suppliers of Bamboo Used Primarily for Plaiting to South Korea in 2022:

1. China (4.5K tons)
2. Philippines (0.1K tons)

Exports of Bamboo Used Primarily for Plaiting in South Korea

In 2022, exports of bamboo used primarily for plaitings from South Korea surged to 3.7 tons, rising by 91% compared with 2021 figures. Overall, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bamboo used primarily for plaiting exports surged to $7.3K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 59%. As a result, the exports reached the peak of $9.5K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Bamboo Used Primarily for Plaiting from South Korea in 2022:

1. China (1595.0 kg)
2. Russia (851.0 kg)
3. Indonesia (424.0 kg)
4. Ireland (230.0 kg)
5. Japan (214.0 kg)
6. Switzerland (197.0 kg)

Source: IndexBox Market Intelligence Platform