The market is dominated by domestic suppliers, as imports account for 31.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.7% of total demand in 2022. South Korea has the fifth largest market size for wood and wood products regionally, with demand reaching USD10.3 billion in 2022. Sunchang Corp is the largest company in South Korea, generating 2.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 8.9% of total production value in 2022. The total number of companies decreases in 2022, to 10,987 units. The costs of the industry decrease by 23.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 7.9% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 1.0% of total production output. With production value of USD6.7 billion, South Korea accounts for 1.7% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Wood and Wood Products in South Korea: ISIC 20. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Wood and Wood Products in South Korea: ISIC 20 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Forestry, Wood and Paper is an aggregation of Forestry, Wood and Wood Products; Corrugated Paper, Paperboard and Containers; Disposable Paper Products; Pulp, Paper and Paperboard.
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