In 2023, South Korea's non-coniferous pulpwood, round and split production stood at approximately 968.28 thousand cubic meters, showing a year-on-year increase of 5.25%. However, a review of past data indicates significant fluctuations: a substantial decline between 2016 and 2018 followed by a moderate recovery from 2019 onward. From 2020 to 2022, production consistently decreased, stabilizing in 2022 at 920 thousand cubic meters.
Over the last five years, the compound annual growth rate (CAGR) has been 1.81%. Forecasting through 2028 reveals an expected 5-year CAGR of 2.31%, suggesting moderate growth ahead.
Future trends to watch for include:
- Technological advancements in pulp processing boosting efficiency
- Potential impacts of environmental regulations on production levels
- Fluctuations in global demand impacting South Korean exports
