The import of sawdust and wood waste and scrap to South Korea has shown significant variations over the past decade. Starting from 697.69 million kilograms in 2013, the volume has increased to 3537.6 million kilograms by 2023. The most notable growth occurred between 2013 and 2014 with a year-on-year increase of 190.13%, followed by fluctuating growth rates. Since 2019, the year-on-year growth rates have stabilized somewhat, averaging 5.02% in 2023.
Looking forward, the forecasted data indicates continued growth in imports, reaching 4336.8 million kilograms by 2028. The forecasted compound annual growth rate (CAGR) for the next five years is 3.22%, indicating a moderate but consistent annual increase.
Future trends to watch for include:
- Changes in global supply chain dynamics that could impact the import rates of wood products.
- Environmental policies and regulations that might affect the production and trade of wood waste and scrap.
- Technological advancements in recycling and wood waste management that could influence the demand and import volume.
