Wood Fuel Market Overview in South Korea
In value terms, wood fuel production soared to $ in estimated in export prices. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. from 2015 to , production growth failed to regain the momentum.
The size of the wood fuel market in South Korea rose slightly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.