Republic of Korea - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingWood Fuel Price in South Korea - 2022
Contents:
- Wood Fuel Price in South Korea (CIF) - 2022
- Wood Fuel Price in South Korea (FOB) - 2022
- Wood Fuel Imports in South Korea
- Wood Fuel Exports in South Korea
Wood Fuel Price in South Korea (CIF) - 2022
The average wood fuel import price stood at $384 per cubic meter in 2022, jumping by 37% against the previous year. In general, the import price showed a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 159% against the previous year. The import price peaked at $582 per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,501 per cubic meter), while the price for Vietnam ($133 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Fuel Price in South Korea (FOB) - 2022
In 2021, the average wood fuel export price amounted to $1,537 per cubic meter, therefore, remained relatively stable against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2014 an increase of 236%. As a result, the export price reached the peak level of $2,126 per cubic meter. From 2015 to 2021, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to -4.5% per year.
Wood Fuel Imports in South Korea
In 2022, purchases abroad of wood fuel decreased by -43.4% to 231 cubic meters, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 32% against the previous year. As a result, imports attained the peak of 602 cubic meters. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wood fuel imports reduced markedly to $89K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 75%. As a result, imports attained the peak of $114K, and then fell notably in the following year.
| Import of Wood Fuel in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 61.7 | 7.1 | 33.4 | 52.2 | -5.4% |
| Latvia | N/A | N/A | N/A | 14.8 | 0% |
| United States | 4.4 | 12.5 | 15.4 | 10.5 | 33.6% |
| Vietnam | N/A | 26.3 | 4.4 | 5.2 | -55.5% |
| Russia | N/A | 6.8 | 18.4 | N/A | 170.6% |
| Indonesia | N/A | 6.9 | 17.3 | N/A | 150.7% |
| South Africa | N/A | 2.9 | N/A | N/A | 0% |
| Others | N/A | 2.6 | 25.2 | 6.0 | 51.9% |
| Total | 66.0 | 65.1 | 114 | 88.7 | 10.4% |
Top Suppliers of Wood Fuel to South Korea in 2022:
- Ukraine (95.0 cubic meters)
- Latvia (84.0 cubic meters)
- Vietnam (39.0 cubic meters)
- United States (7.0 cubic meters)
Wood Fuel Exports in South Korea
In 2021, exports of wood fuel from South Korea stood at 1 cubic meters, leveling off at the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.
In value terms, wood fuel exports stood at $1.5K in 2021. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.
| Export of Wood Fuel in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Thailand | N/A | N/A | 1,537 | 0% | |
| Latvia | 17.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 17.0 | N/A | 1,537 | 850.9% | |
Top Export Markets for Wood Fuel from South Korea in 2022:
- Thailand (1.0 cubic meters)
This report provides an in-depth analysis of the wood fuel 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 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
500
This report provides an in-depth analysis of the wood fuel market in Republic of Korea.
576
This report provides an in-depth analysis of the market for wood chips and particles in Republic of Korea.
284
This report provides an in-depth analysis of the chipped coniferous wood market in Republic of Korea.
279
This report provides an in-depth analysis of the chipped non-coniferous wood market in Republic of Korea.
398
This report provides an in-depth analysis of the roundwood market in Republic of Korea.
309
This report provides an in-depth analysis of the market for wood chips, parts, residues, pellets and other agglomerates in Republic of Korea.
111
This report provides an in-depth analysis of the market for wood residues, pellets and other agglomerates in Republic of Korea.
80
This report provides an in-depth analysis of the market for wood residues, pellets and other agglomerates in Republic of Korea.
107
This report provides an in-depth analysis of the market for wood residues, pellets and other agglomerates in Republic of Korea.
531
This report provides an in-depth analysis of the solid biofuel market in Republic of Korea.
1410
In value terms, coal, briquettes, ovoids and similar solid fuels imports totaled $X in 2016. Overall, it indicated a mild expansion from 2007 to 2016: the total imports value increased at an average...
681
In value terms, fuel wood in logs, billets, twigs, faggots and similar forms imports totaled $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports value increased...
851
In value terms, nuclear reactors imports stood at $X in 2016. In general, nuclear reactors imports continue to indicate a relatively flat trend pattern. Over the period under review, global nuclear...
1623
In value terms, coal, briquettes, ovoids and similar solid fuels exports amounted to $X in 2016. Overall, coal, briquettes, ovoids and similar solid fuels exports continue to indicate a noticeable g...
771
In value terms, fuel wood in logs, billets, twigs, faggots and similar forms exports amounted to $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total exports value incre...
1266
Ukraine dominates in the global wood fuel trade. In 2014, Ukraine exported X thousand tons of wood fuel totaling X million USD, X% over the previous year. Its primary trading partner was Romania, where it supplied X% of its total wood fu
361
Read on to learn about the most popular wood chip products in the industry, backed by data from the IndexBox market report. Explore key statistics and numbers that provide insight into this growing market.
1196
The U.S. dominates in the global trade of chips and particles. In 2014, the U.S. exported X million tons of chips and particles totaling X million USD, X% over the previous year. Its primary trading partner was the United Kingdom, where it suppl
314
Explore the top import markets for roundwood based on data from the IndexBox market intelligence platform. Discover the key countries and statistics driving the demand for roundwood globally.
787
The global roundwood market revenue amounted to $752M in 2018, standing approx. at the previous year. This figure...
