Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea - 2022
Contents:
- Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea (CIF) - 2022
- Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea (FOB) - 2022
- Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea
- Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea
Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea (CIF) - 2022
The average import price for wood; assembled flooring panels, other than multilayer or mosaic stood at $2,167 per ton in 2022, shrinking by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the maximum at $2,264 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Denmark ($3,787 per ton), while the price for Thailand ($935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea (FOB) - 2022
The average export price for wood; assembled flooring panels, other than multilayer or mosaic stood at $1,761 per ton in 2022, with a decrease of -3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2016 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $2,309 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 Singapore ($6,073 per ton), while the average price for exports to Ghana ($631 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 Singapore (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea
In 2022, imports of wood; assembled flooring panels, other than multilayer or mosaic into South Korea contracted slightly to 2.1K tons, dropping by -1.6% against 2021 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 5.4%. As a result, imports attained the peak of 2.2K tons, and then dropped slightly in the following year.
In value terms, imports of wood; assembled flooring panels, other than multilayer or mosaic dropped to $4.7M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports reached the peak of $4.9M, and then declined slightly in the following year.
| Import of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,339 | 1,653 | 445 | 1,847 | -7.6% |
| Vietnam | 897 | 1,164 | 314 | 1,304 | 13.3% |
| Malaysia | 802 | 796 | 36.9 | 538 | -12.5% |
| Thailand | 62.2 | 102 | 62.9 | 261 | 61.3% |
| Belgium | 59.7 | 42.7 | 8.6 | 31.2 | -19.5% |
| Others | 544 | 655 | 4,032 | 673 | 7.4% |
| Total | 4,705 | 4,411 | 4,900 | 4,656 | -0.3% |
Top Suppliers of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic to South Korea in 2022:
- Vietnam (853.7 tons)
- China (696.8 tons)
- Thailand (279.6 tons)
- Malaysia (163.8 tons)
- Belgium (22.6 tons)
Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea
In 2022, overseas shipments of wood; assembled flooring panels, other than multilayer or mosaic decreased by -36.7% to 621 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 269% against the previous year. As a result, the exports reached the peak of 981 tons, and then dropped notably in the following year.
In value terms, exports of wood; assembled flooring panels, other than multilayer or mosaic shrank markedly to $1.1M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 340% against the previous year. As a result, the exports reached the peak of $1.8M, and then shrank dramatically in the following year.
| Export of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 21.6 | 141 | 21.8 | 173 | 100.1% |
| Singapore | 30.9 | 46.4 | 114 | 155 | 71.2% |
| New Zealand | 7.1 | 27.1 | 70.0 | 88.5 | 131.9% |
| Mongolia | 4.9 | 9.7 | 28.9 | 79.5 | 153.2% |
| Saudi Arabia | 9.2 | 16.5 | 45.8 | 57.9 | 84.6% |
| Maldives | 8.2 | 13.7 | 37.5 | 56.5 | 90.3% |
| Japan | 23.7 | 19.7 | 14.4 | 56.5 | 33.6% |
| Papua New Guinea | 15.0 | 20.0 | 43.7 | 52.5 | 51.8% |
| India | 7.8 | 12.4 | 32.7 | 47.2 | 82.2% |
| Ghana | 6.6 | 11.1 | 30.5 | 46.0 | 91.0% |
| Vietnam | 0.4 | 5.4 | 22.2 | 28.1 | 312.6% |
| Cambodia | 2.7 | 7.2 | 18.8 | 26.9 | 115.2% |
| Mexico | 2.8 | 4.7 | 12.9 | 19.4 | 90.6% |
| Others | 54.4 | 70.1 | 1,287 | 206 | 55.9% |
| Total | 195 | 405 | 1,781 | 1,093 | 77.6% |
Top Export Markets for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic from South Korea in 2022:
- Philippines (144.2 tons)
- Ghana (72.9 tons)
- New Zealand (57.0 tons)
- Mongolia (50.1 tons)
- Papua New Guinea (39.0 tons)
- Maldives (37.9 tons)
- Japan (36.7 tons)
- Saudi Arabia (27.8 tons)
- Cambodia (26.1 tons)
- Singapore (25.5 tons)
- Vietnam (18.2 tons)
- India (13.9 tons)
- Mexico (12.5 tons)
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