rigida) and Korean pine (Pinus koraiensis). A high proportion of the South Korea s forests are the result of large-scale reforestation programmes. - PDF

Please download to get full document.

View again

of 12
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Information Report
Category:

Marketing

Published:

Views: 7 | Pages: 12

Extension: PDF | Download: 0

Share
Related documents
Description
KOREA MARKET PROFILE KOREA: FOREST PROFILE 1 Korea is a heavily forested country, with 65% (6.5M hectares) of its total area covered with forest. Despite this, Korea is not yet self-sufficient in wood.
Transcript
KOREA MARKET PROFILE KOREA: FOREST PROFILE 1 Korea is a heavily forested country, with 65% (6.5M hectares) of its total area covered with forest. Despite this, Korea is not yet self-sufficient in wood. To large extent, this is because of a lack of mature timber. The Korean government has initiated a forest policy which will result in a well stocked forest. As part of this policy, and in an effort to reduce abusive harvests, there are now restrictions on cutting that apply to forest product companies and individuals. As a result of the new forest policies, the total standing volume increased to 257 mill. cbm in 1984, 70 % higher than 10 years ago (152M m³). Korean forests were badly degraded through the first half of the 20th Century, due to: logging under Japanese occupation; intense demands for fuelwood; and war damage during the Korean conflict. Between 1961 and 1995, however, stocked forest land increased from 4M hectares to 6.3M hectares, as a result of a large-scale reforestation. KOREA S FOREST DISTRIBUTION Coniferous forests predominate, comprising Forest Cover 2000 Distribution of land cover/use % (1999) almost half the forest area. The remaining 000 ha Forest Other Wooded Land Other land forests are almost evenly divided between Korea 6, deciduous forest and mixed species forest. The Asia 547, predominant coniferous species are Japanese Larch (Larix leptolepis), Pitch pine (Pinus World 3,869, rigida) and Korean pine (Pinus koraiensis). A high proportion of the South Korea s forests are the result of large-scale reforestation programmes. Broad-leaved forests include species such as oak, and occupy 28% of the total forest area. The other 27% is covered with mixed forest. By age class, young trees less than 20 years old amount 35% of the growing stock, while trees between the ages of 21 and represent 40%, and trees more than 31 years old are 25%. Harvestable standing volume is 65M m³. Average volume per hectare increased 3.7%, from m³ to m³ in the late 1970s. This is roughly equivalent to 4 times the volume (11.3m³/ha) in the 1970 s when the government embarked on its current forest policy. POLICIES/ISSUES The goal of the current silvicultural treatments that are being applied is the logical and efficient management of Korea's forest resource. As part of this objective, the government has realized the importance of mechanization in forest practice and has initiated forest road construction in most regions. Ownership of the forest is divided into two types: national forest, and other. National forest is mainly controlled by government organizations and institutes (such as the Forestry Administration) This area represents 1.4M ha, or 21.4% of the total forest area. Other forest ownership can be also separated into two groups by owner: public or private. Between these two types, the majority is private (71.0%). Regardless of forest type all management of forests in mountainous regions are controlled by government policy. PRODUCTS AND TRADE Korea depends on timber imports from Indonesia, Malaysia, the US, New Zealand, Chile and other countries to supply its domestic market and industries. Until now, because Korea has depended on imports for timber, most raw forest products, such as logs, lumber, plywood, and bamboo, are imported and manufactured into secondary products such as plywood, hardboard, particle board, medium density fiberboard, paper, and pulp. Most of these primary products are also consumed by the domestic market, and will continue to be until the forest is in better condition than at present. The vast majority of Korea s industrial logs is imported, with significant quantities of wood pulp also imported. Korea has an extensive wood processing industry based largely on imported wood. The main products from forests in Korea are non-wood forest products, such as chestnuts and mushrooms, which are major exports. 1 Source: World Forest Institute. 123 SOUTH KOREA TRADE OVERVIEW South Korea Export Stats South Korea Import Stats Commodity: Wood Products (44) Commodity: Wood Products (44) Value: $1,000,000 Value: $1,000,000 Partner Country 2003 SHARE 1YR 5YR Partner Country 2003 SHARE 1YR 5YR World 1, % -4.8% 22.1% World 1, % -3.1% 26.0% Indonesia % -7.1% 5.6% New Zealand % 3.0% 37.4% Malaysia % -2.4% 27.0% Indonesia % -5.7% 11.7% China % -1.4% 65.9% Malaysia % -3.3% 28.5% New Zealand % 0.2% 15.7% China % -1.6% 60.3% United States % 4.0% -11.7% United States % -2.3% -16.3% Russia % 1.5% 64.0% Russia % 2.0% 49.5% Canada % 53.9% 168.5% Canada % 32.7% 193.9% Australia % -13.7% 24.8% Australia % -18.0% 41.9% Thailand % -21.8% -19.2% Thailand % -24.0% -12.3% Germany % -29.8% 112.6% Papua N. Guinea % -0.6% -47.5% TOP IMPORTED PRODUCTS S. KOREA IMPORT STATISTICS FROM WORLD UNITS: $1,000 TYPE HS DESCRIPTION YR 5YR % Share ALL Wood + Furniture 1,721,971 2,064,858 2,068, % 37.4% 100.0% ALL 44 ALL WOOD PRODUCTS (EX-FURNITURE) 1,570,942 1,826,477 1,769, % 26.0% 85.6% TOTAL PRIMARY 1,453,036 1,684,026 1,629, % 24.6% 78.8% PRIMARY 4403 Logs 536, , , % 17.2% 29.5% PRIMARY 4412 Plywood & Panels 311, , , % 60.3% 20.2% PRIMARY 4407 Lumber 223, , , % -21.3% 9.9% PRIMARY 4411 Fiberboard 94, , , % 161.6% 5.3% PRIMARY 4408 Veneers Sheets 93, ,166 99, % 91.0% 4.8% PRIMARY 4410 Particle Board 77, ,242 78, % 42.6% 3.8% PRIMARY 4401 Fuel Wood & Wood Chips 80,853 64,588 73, % -19.1% 3.6% PRIMARY 4402 Wood Charcoal 30,531 33,201 31, % 46.6% 1.5% PRIMARY 4413 Densified Wood Shapes 2,757 2,600 3, % 4.5% 0.1% PRIMARY 4405 Wood Wool or Flour 1,088 1,210 1, % 21.7% 0.1% PRIMARY 4404 Hoopwood, Poles, Pickets, Stakes % -53.6% 0.0% PRIMARY 4406 RR Ties % -92.4% 0.0% TOTAL SECONDARY 268, , , % 122.3% 21.2% SECONDARY 94 ALL WOOD FURNITURE 151, , , % 196.5% 14.4% SECONDARY 4409 Wood, Continuously Shaped 33,828 33,983 38, % 36.0% 1.9% SECONDARY 4418 Builders' Carpentry 31,610 44,329 36, % 11.7% 1.7% SECONDARY 4421 Articles Of Wood, Nesoi 18,420 21,445 21, % 76.3% 1.0% SECONDARY 4419 Wood Tableware & Kitchenware 16,933 21,600 19, % 58.4% 1.0% SECONDARY 4420 Wood Marquetry Etc. 3,822 7,124 8, % 159.5% 0.4% SECONDARY 4415 Wood Packing Material 6,377 5,720 7, % 75.4% 0.4% SECONDARY 4414 Wood Frames Etc. 4,404 5,782 5, % 174.1% 0.3% SECONDARY 4417 Tool & Broom Bodies 2,428 2,400 2, % 36.5% 0.1% SECONDARY 4416 Cooperage Products % 164.5% 0.0% 124 IMPORT OVERVIEW Korea imported $2.07Bn in forestry products in 2003, making it one of the top importers in the world. Imports have increased by over 37.0% since 1999, with trade dominated by Asian and Pacific Rim partners. Top suppliers to the Korean market in 2003 were: New Zealand (16.7%), Indonesia (16.4%), Malaysia (13.8%), China (12.8%), and the U.S. (8.4%). Korean imports of Canadian forest products saw the largest percentage gain, rising 193.9% over the period analyzed. The U.S. has seen marginal declines in export values over the period, with market share given up to the aforementioned competitors. Primary imports account for 78.8% of total demand, while secondary imports retained the rest (21.2%). PRIMARY PRODUCTS IMPORTS LOGS SOUTH KOREA IMPORTS: PRIMARY PRODUCT 2003 UNITS: $1,000 % Share 1 YR AGR 5 YR AGR TOTAL PRIMARY 1,629, % -3.2% 24.6% SW Logs 514, % 2.8% 38.9% HW Plywood 395, % 10.9% 64.8% HW Lumber 143, % -15.7% -25.9% MDF 97, % -21.3% 248.9% HW Veneers 97, % -10.7% 118.7% HW Logs 95, % -1.8% -36.4% HW Chips 73, % 14.2% -17.9% SW Lumber 62, % -1.9% -7.9% Particleboard 46, % -12.6% 9.7% Other Panel Products 28, % -39.7% 32.7% OSB-WB 24, % -37.8% 448.8% Hardboard 19, % 20.5% 42.7% SW Plywood 4, % -36.8% -55.6% SW Veneers 1, % -40.9% -78.5% SW Chips % 107.9% -96.6% Poles 9 0.0% -65.9% -92.4% Korean imports of logs saw moderate growth of 17.2% over the 5-yr period, reaching $610Bn in total value. Logs represent just over 29% of total wood products demand with Softwood logs being the dominant category. SW Log imports accounted for 84% of the import market for all logs. Major suppliers of the Korean log market were: New Zealand (45.2%), Russia (17.0%), the U.S. (15.5%), and Australia (5.8%). Imports of U.S. logs saw significant growth of 37.5%, nearly double the average, for the period. Top performing countries were New Zealand, Russia, and Canada. Canadian logs rose by over 600% from 1999 levels making Canada the 5 th larger supplier of logs to Korea. LUMBER Lumber imports, in terms of total value, were down -21% over the 5-yr period reaching $205M in Hardwood lumber accounted for the lion s share of demand at $143M, while SW lumber saw significantly less bleeding than its counterpart. Top suppliers to the Korean lumber market were: Indonesia (29.7%), Malaysia (14.0%), the U.S. (12.4%), China (12.1%), and Canada (11.9%). PANEL PRODUCTS: PLYWOOD, VENEERS, FIBERBOARD, AND PARTICLEBOARD Plywood, at $417M, was the second most imported primary product in Korea in 2003, accounting for 20.2% of the entire market. HW Plywood represented 94% of total Plywood imports making it the dominant category. Indonesia, Malaysia, and China were the largest suppliers to Korea, with a combined market share of 89.9%. The U.S. ranked a distant 8 th with only.3% of the market, giving evidence to a highly concentrated supply chain for Plywood. Veneer imports nearly doubled over the 5-yr period, ending at 166M kg or $99.4M in value. Growth from 1999 to 2003 reached 91% with preference given to New Zealand, Malaysian, and Chinese sourced veneers. New Zealand, with several years of underperformance, ramped up exports to 1.8M kg in The U.S. reached a 2.7% market share in Korea on modest growth of 29.3% over the period, ending at 4.4M kg shipped. In terms of total value of products, the U.S. ranked 3 rd with 12.8% of the total value of Korean veneer imports. Fiberboard reached 407M kg in 2003, up almost 150% from 1999 volumes, but down -27.9% from Total value of fiberboard imports reached $109M, with Medium Density Fiberboard being the preferred category at $98M in MDF was up almost 250% over 1999 levels. Top suppliers of Fiberboard to Korea were: Australia (18.6%), Indonesia (13.4%), Malaysia (11.2%), and New Zealand (10.4%) once 125 again. Imports of U.S. manufactured fiberboard dropped 94% over the period, ending at 711,000 kg shipped. The U.S. had almost 8% of the market in Strong gains were made by Malaysia and Australia at the top to take up the lost market share of U.S. underperformance. Particleboard imports reached highs of 650M kg in 2002, dropping back off to 442M kg in Still, imports of particleboard showed significant improvement over 1999 volumes with growth of 56.4% over the period. Imports of particleboard yielded $78M in sales in 2003, up 42.6%. The largest supplier to the Korean market was Belgium at 19.6%, followed closely by Thailand at 18.1%. Again, OSB/Waferboard showed marked growth at almost 360% from , reaching a value of $24.6M. SECONDARY PRODUCTS IMPORTS SOUTH KOREA IMPORTS: SECONDARY PRODUCT 2003 market at $29.7M in UNITS: $1,000 % Share 1 YR AGR 5 YR AGR TOTAL SECONDARY 438, % 15.3% 122.3% Wood Framed Seats 126, % 26.0% 189.2% Wood Furniture Parts 67, % 22.9% 261.2% Kitchen Furniture 67, % 22.9% 261.2% Builders Carpentry 34, % -20.2% 9.8% HW Flooring, Molding, Siding 29, % -1.7% 10.5% Household/Bedroom Furniture 21, % 45.3% 209.1% Pencil Slats 18, % -2.4% 76.8% Office Furniture 10, % 22.4% 228.9% SW Flooring, Molding, Siding 9, % 121.1% 437.4% Packing Material 7, % 34.9% 75.4% Cooperage Products % 520.5% 164.5% Korean imports of secondary products reached $439M, increasing by 122% from 1999 totals. This growth came on the back of huge increases in imports of Wood Furniture, gaining 196% over the period. As evidenced by the adjacent chart, Wood Furniture dominates the Korean import market, with significant growth in all major sub-categories. Sub-categories dominating secondary imports were Wood Framed Seats, Wood Furniture Parts, Kitchen Furniture, and Builders Carpentry. HW FMS also held a sizeable amount of the secondary 126 U.S. EXPORT OVERVIEW South Korea is the 8 th largest trading partner with the U.S. for forestry products. In 2003, the U.S. exported over $160M to South Korea, down from $164 million in This change represents an 5yr loss of - 2.1%. Top products exported to South Korea are Softwood Logs, Hardwood Lumber, Hardwood Logs, and Hardwood Veneers. Currently, the U.S. has captured 8.4% of the entire South Korean market. However, exports are down marginally, and Koreas imports have been steadily rising since Top competitors in the Korean market are New Zealand, Indonesia, Malaysia, China, and Russia. Canada, China, Russia, and New Zealand have all seen marked improvements since 1999, and are steadily taking market share away from the U.S. Top categories exported to Korea in 2003 included: Logs, Lumber, Wood Furniture, Veneer Sheets, Fuel Wood/Wood Chips, and Builders Carpentry; in order of total value. US EXPORT STATS: SOUTH KOREA UNITS: $1,000 TYPE HS DESCRIPTION YR 5YR SHARE TOTAL Total Wood Products + Furniture 127, , , % -2.1% 100.0% TOTAL 44 Total Wood Products 118, , , % -11.7% 86.8% TOTAL PRIMARY Total Primary 110, , , % -16.1% 77.3% PRIMARY 4403 Logs 62,058 72,406 81, % 24.9% 50.9% PRIMARY 4407 Lumber 23,398 29,781 22, % -51.7% 14.3% PRIMARY 4408 Veneer Sheets 10,441 14,521 9, % 5.5% 6.0% PRIMARY 4401 Fuel Wood & Wood Chips 11,336 5,040 7, % -54.6% 4.8% PRIMARY 4410 Particleboard % -47.5% 0.6% PRIMARY 4412 Plywood & Panels % -61.9% 0.4% PRIMARY 4411 Fiberboard 1,452 1, % -90.1% 0.3% PRIMARY 4413 Densified Wood Shapes % -48.4% 0.0% PRIMARY 4402 Wood Charcoal % #DIV/0! 0.0% PRIMARY 4405 Wood Wool % -36.0% 0.0% PRIMARY 4404 Hoopwood, Poles, Pickets, Stakes % -86.9% 0.0% PRIMARY 4406 RR Ties % 0.0% TOTAL SECONDARY Total Secondary 16,553 33,704 36, % 128.6% 22.7% SECONDARY 94 All Wood Furniture 8,675 23,929 21, % 245.9% 13.2% SECONDARY 4418 Builders' Carpentry 3,267 5,552 6, % 12.9% 4.0% SECONDARY 4416 Cooperage Products 34 1,238 3, % #DIV/0! 2.3% SECONDARY 4421 Articles Of Wood, Nesoi 2, , % 3.2% 1.3% SECONDARY 4409 Wood, Continously Shaped , % 13.3% 0.8% SECONDARY 4417 Tool & Broom Bodies % 314.9% 0.5% SECONDARY 4420 Wood Marquetry Etc % -9.6% 0.2% SECONDARY 4415 Wood Packing Material % 248.0% 0.2% SECONDARY 4414 Wood Frames Etc % 130.1% 0.1% SECONDARY 4419 Wood Tableware & Kitchenware % -69.0% 0.0% U.S. EXPORTS- PRIMARY U.S. PRIMARY EXPORTS: S. KOREA VALUE FACTOR: ($000) MARKET PRODUCT YR 1YR SHARE SW LOGS, WESTERN HEMLOCK $31, % 29.6% 20.5% SW LOGS, SPRUCE $27, % 49.6% 18.0% HW LUMBER, ASH $8, % 69.5% 5.5% HW VENEERS $7, % -40.2% 5.1% HW CHIPS $7, % 50.2% 4.9% SW LOGS, DOUGLAS-FIR $4, % -41.9% 2.8% HW LOGS, MAPLE $3, % -13.9% 2.4% HW LUMBER, MAPLE $3, % -35.0% 2.2% HW LOGS, WALNUT $3, % 7.0% 2.2% U.S. exports of primary products represent around 77% of the total value of U.S. forestry exports, and have lost around $22M in market share since This aggregate loss represents -16% annualized. As stated before, SW Logs (43.3%) dominated export sales with a market value of $65.0M in HW Logs brought in an estimated $13.6M and saw modest growth over the period. HW Lumber represented around 13% of the total market at $20.3M, while SW Lumber represented a much smaller market at $2.6M in Of the SW Logs category the following species made up the bulk of export sales: Western Hemlock (20.5%), Spruce (18.0%), and Douglas-Fir (2.8%). Dominant HW categories and species are Ash Lumber (5.5%), HW Veneers (5.1%), and HW Chips (4.9%). Maple Logs & Lumber and Walnut logs round out the top ten primary products sold to the Korean market. Exports of panel products such as Particleboard, Plywood, and Fiberboard were extremely weak, as the Korean industry is a large-scale producer of each of these products. Primary raw materials demand drove growth 127 in U.S. exports over the period. However, as noted below, there were some exceptions to this demand trend. Although primary product exports to Korea were down modestly over the period, a few categories experienced strong growth. U.S. exports of HW Logs, SW Logs, and SW Plywood all showed strong growth. Within specific sub-categories, the highest performing export to the Korean market was SW Plywood (1892%), albeit at lower volumes of product. HW Log species recording strong 5-yr gains were: Walnut logs (364%), Ash Lumber (320%), and Other Temperate Logs (216%). The two largest SW Log species also performed well in the Korean market: Spruce Logs ($27M, 39.1%) and Western Hemlock ($31M, 21.8%). These products U.S. EXPORTS BY GROWTH: KOREA PRIMARY VALUES IN $1000 PRODUCT YR 1YR SW PLYWOOD $ % -4.1% HW LOGS, WALNUT $3, % 7.0% HW LUMBER, ASH $8, % 69.5% HW LOGS, OTHER TEMPERATE $1, % 32.1% HW LOGS, WHITE OAK $1, % 5.4% HW LOGS, CHERRY $3, % -46.2% SW LOGS, SPRUCE $27, % 49.6% HW LOGS, YELLOW POPLAR $ % 180.0% SW LUMBER, PONDEROSA PINE $ % SW LOGS, WESTERN HEMLOCK $31, % 29.6% SW LUMBER, HEM-FIR MIX $ % SW VENEERS $1, % 27.1% represent good opportunities for forest products companies, with volume and growth. SW Veneers showed strong growth from , but were up marginally over the entire 5-yr period. Pine species for Logs and Lumber did not register significant export sales to Korea over the period. U.S. EXPORTS- SECONDARY U.S. SECONDARY EXPORTS: S. KOREA VALUE FACTOR: ($000) MARKET PRODUCT YR 1YR SHARE WOOD HOUSEHOLD FURNITURE $11, % -15.5% 7.5% WOOD OR WOOD FRAME SEATS $5, % 61.5% 3.7% COOPERAGE PRODUCTS $3, % 2.3% WOOD DOORS AND FRAMES $2, % -4.5% 1.7% WOOD FURNITURE PARTS $2, % -35.4% 1.6% WOOD WINDOWS AND FRAMES $2, % 200.7% 1.3% OTHER BUILDERS CARPENTRY $ % -34.8% 0.6% HW FLOORING $ % 60.0% 0.5% PREFABRICATED BUILDINGS $ % -46.8% 0.5% FSWM $ % 25.4% 0.4% U.S. exports of secondary forest products have seen significant growth from , with a growth rate of 128.6% minimal fluctuations. In 2003, the U.S. exported over $33.7M to the Korean market, representing almost 23% of total export sales. Major product categories represented in the top export figures were Wood Furniture (13.2%), Builder s Carpentry (4.0%), and Cooperage Products (2.3%). The largest secondary products exported to Korea were Wood Household Furniture ($11.9M), Wood Framed Seats ($5.8M), and Cooperage Products (all) ($3.7M). The Cooperage Products category consisted mainly of Vats & Tubs, nesoi. Within the Builders Carpentry category, major products were: Doors & Frames, Windows & Frames, and other BC (nesoi). Wood Furniture showed monstrous growth of almost 250% over the period. Within the category top performers were: Wood Furniture Parts (753.6%), Wood Framed Seats (156.3%), and Wood Household Furniture. Wood Windows and Frames (49.4%) saw a two-fold increase over 2002 numbers to $2.6M. Builders Carpentry was one of the leading categories for U.S. exports, on the back of growth in Wood Windows and Wood Doors. HW Flooring also saw impressive growth of nearly 60% to reach U.S. EXPORTS BY GROWTH: KOREA SECONDARY VALUES IN $1000 PRODUCT YR 1YR WOOD FURNITURE PARTS $2, % -35.4% WOOD OR WOOD FRAME SEATS $5, % 61.5% WOOD WINDOWS AND FRAMES $2, % 200.7% WOOD HOUSEHOLD FURNITURE $11, % -15.5% FABRICATED STRUCTURAL WOOD MEMBERS $ % 25.4% SW MOLDING $ % 14.8% WOOD DOORS AND FRAMES $2, % -4.5% WOODEN OFFICE FURNITURE $ % -17.2% HW FLOORING $ % 60.0% $840,000. Wood Household Furniture showed impressive growth over the 5-yr period, but exports were down -15.5% from The strong growth in the Korean economy has lead to increased demand for secondary products in the housing and building products sectors, as evidenced by above-average performance by products in these categories. 128 SOUTH CAROLINA EXPORTS SC EXPORTS TO KOREA TOTAL VALUE HTS Description 2003 SC 1YR SC 5YR US 5YR % SHARE SC RANK % SC SHARE Wood + Furniture 1,342, % 33.0% -2.6% 100.0% 44 Wood 531, % -47.3% -11.7% 39.6% % All Wood Furniture 810, % 290% 60.4% 4407 Lumber 6Mm Thick 372, % -62.0% -51.7% 27.8% % 4417 Tool/Tl+Broom Body/Et 153, % 314.9% 11.4% % 4403 Rough/Not Sapwood 5, % 24.9% 0.4% % 4408 Veneer Sheet 0 5.5% 0.0% 0.00% 4415 Pack/Etc;
Recommended
View more...
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks