Market research

Roundwood coniferous market in South Korea

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The coniferous roundwood market in South Korea reached its highest volume in 2018 at 5.4 million m³. This peak coincided with domestic timber companies securing production technology and expanding processing capacity for structural glued laminated timber (glulam), which increased demand for raw roundwood. Subsequently, market volume declined to 4.8 million m³ in 2019 and 4.7 million m³ in 2020.

After a temporary recovery to 4.9 million m³ in 2021, the market contracted again, falling to 4.5 million m³ in 2022 and 4.4 million m³ in 2023. By 2024, the industry landscape was marked by rising demand for eco-friendly and sustainable building materials, the adoption of automation and cross-laminated timber (CLT) technologies, and continued expansion of glulam production by major domestic firms, signaling evolving demand patterns for roundwood.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coniferous roundwood in South Korea

In kind, 2017-2020, K m³

Top producers of coniferous roundwood, 2017-2020

Source: SHEV.io

World map of production of coniferous roundwood, 2017-2020

Source: SHEV.io

South Korea's roundwood coniferous production has declined for the third year in a row. In 2020, the country produced 2,299 thousand cubic meters of roundwood coniferous, which represents an 8.0% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 27%, translating to an average annual decline of 10.0%.

Annual dynamics of production in South Korea in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.1%)	(8.7%)	(8.0%)	(10.0%)

Source: SHEV.io

Exports coniferous roundwood from South Korea

Exports in kind, K m³

South Korea's roundwood coniferous exports have increased for the third consecutive year. In 2020, the country exported 0.4 thousand cubic meters of roundwood coniferous, marking a significant rise of 244.9% compared to the previous year. Over the 2017-2020 period, exports surged by 1,206.3%, with a compound annual growth rate of 135.5%.

Annual dynamics of product's exports from South Korea in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	171.9%	39.3%	244.9%	135.5%

Source: SHEV.io

From 2017 to 2020, China accounted for 78.1% of South Korea's total roundwood coniferous exports by volume. The remaining exports were distributed among numerous other countries, each with relatively small individual shares.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from South Korea in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

South Korea's roundwood coniferous exports in value terms have grown for the third year running. In 2020, exports reached 0.1 million US dollars, showing a modest year-on-year increase of 4.1%. Between 2017 and 2020, export value rose by 399.4%, equivalent to an average annual growth rate of 70.9%.

Annual dynamics of product's exports from South Korea in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	315.0%	15.6%	4.1%	70.9%

Source: SHEV.io

During the 2017-2020 period, China and Japan together dominated the value of South Korea's roundwood coniferous exports. Other markets contributed to a lesser extent, forming a smaller portion of the overall export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from South Korea in value, 2017-2020

Source: SHEV.io

Imports coniferous roundwood to South Korea

Imports in kind, K m³

After two years of decline, South Korea's roundwood coniferous imports saw an increase. In 2020, the country imported 2,371 thousand cubic meters of roundwood coniferous, reflecting a 3.0% uptick from the previous year. However, over the 2017-2020 period, imports decreased by 25.9%, averaging an annual decline of 9.5%. The lowest import volume was recorded in 2019 at 2,302 thousand cubic meters, while the sharpest drop occurred in 2018 with a 16.7% decrease.

Annual dynamics of product's imports to South Korea in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(16.7%)	(13.6%)	3.0%	(9.5%)

Source: SHEV.io

From 2017 to 2020, New Zealand was the leading source for South Korea's roundwood coniferous imports by volume, holding a 76.5% share of total imports. The rest of the imports were spread across various other trading partners.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to South Korea in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

South Korea's roundwood coniferous import value has declined for the third consecutive year. In 2020, imports amounted to 329.3 million US dollars, indicating a modest decrease of 9.1% compared to the previous year. Over the 2017-2020 period, import value fell by 38.7%, with a compound annual decline rate of 15.1%.

Annual dynamics of product's imports to South Korea in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.8%)	(21.8%)	(9.1%)	(15.1%)

Source: SHEV.io

Between 2017 and 2020, New Zealand, Canada, and the United States were the primary sources for South Korea's roundwood coniferous imports in value terms. New Zealand accounted for 62.9% of import value, Canada for 14.5%, and the United States for 13.4%. Together, these three countries represented 90.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to South Korea in value, 2017-2020

Source: SHEV.io