Wood Industry News from South Korea

Gains in China, Taiwan, Mexico, Pakistan, South Korea and Hong Kong offset only about 4% of the U.S. volume decline.

India took 73% of shipments.

Funding will support low-carbon wood technologies, mass timber housing, Indigenous participation and export diversification while ministers review Task Force recommendations

Japan and the United States were the largest destinations, accounting for about 25% and 23% of volume respectively.

Japan became the largest destination after U.S. duties hit Indonesia’s shipments.

Import volume falls from the 2024 high to 3.91 million tons, while the average import price rises to $145 per ton.

The tariff increase affects autos, lumber, and pharmaceuticals after South Korea’s legislature failed to ratify a 2025 bilateral trade agreement.

Export value declines 13%, with average price per m3 down 3%, as South Korea and the United States remain main destinations.

Export value decreases 10.1% to $20.8 billion as average price falls 12.4% to $43.2 per piece.

Average price grows 12%.

Boosted production efficiency and paper strength with record-setting press installation.

Delegates engage over 300 partners through 20 meetings, signing MOUs to expand wood construction and boost housing initiatives.