The market is dominated by domestic suppliers, as imports account for 30.2% of total market size in 2021. B2B drives market demand, with B2B spending representing 98.0% of total demand in 2021. South Korea has the sixth largest market size for wood and wood products regionally, with demand reaching USD11.3 billion in 2021. Sunchang Corp is the largest company in South Korea, generating 2.6% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 9.3% of total production value in 2021. The total number of companies decreases in 2021, to 11,777 units. The costs of the industry increase by 2.7% in 2021, largely driven by rising labour costs. The industry’s profitability increases and stands at 8.6% of production value in 2021, the 19th highest regionally. With production value of USD7.3 billion, South Korea accounts for 1.8% of the Asia Pacific total in 2021.
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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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