Vietnam wood industry factsheet
Vietnam had recorded a significant decline in wood imports, especially material woods. The reason is due to the unresolved logistics crisis, fuel costs, transportation costs continuing to rise, and the impact of the Covid-19 pandemic. In particular, wood import turnover in the first quarter of 2022 was x million USD, which decreased by x% YoY 2021.
Meanwhile, the exports of wood increased significantly in Quarter I of 2022 despite having to face many challenges in this period. The main reason is that Vietnam's wood industry had many development advantages compared to competitors; China was heavily influenced by the "Zero-Covid" policy, and Italy, Germany, and other developed countries reduced production due to recession effects and rising costs as timber supplies were limited by the conflict between Russia and Ukraine. Moreover,
the wood industry also benefited from the emergence of FTAs such as RCEP and CPTPP.
In 2022, the wood industry is forecasted to have many positive signs when export orders are closed until the end of the third quarter and orders to the US and Europe are still increasing until the fourth quarter. Vietnam's exports of wood and wood products in the first half of 2022 are expected to increase by 5-8% over the same period in 2021.
Meanwhile, the exports of wood increased significantly in Quarter I of 2022 despite having to face many challenges in this period. The main reason is that Vietnam's wood industry had many development advantages compared to competitors; China was heavily influenced by the "Zero-Covid" policy, and Italy, Germany, and other developed countries reduced production due to recession effects and rising costs as timber supplies were limited by the conflict between Russia and Ukraine. Moreover,
the wood industry also benefited from the emergence of FTAs such as RCEP and CPTPP.
In 2022, the wood industry is forecasted to have many positive signs when export orders are closed until the end of the third quarter and orders to the US and Europe are still increasing until the fourth quarter. Vietnam's exports of wood and wood products in the first half of 2022 are expected to increase by 5-8% over the same period in 2021.
1. MACROECONOMICS
2. MATERIALS
3. FURNITURE WOOD
4. FORECAST
5. APPENDIX
2. MATERIALS
3. FURNITURE WOOD
4. FORECAST
5. APPENDIX
LIST OF TABLES
1. Furniture wood
Domestic produced furniture volume quarter I, 2021 -2022
Export turnover of some main wooden furniture products, 3M/2022
Top enterprises with high export turnover of wood and wood products, 3M/2022
2. Forecast
Preferential tax rates for some wood products to Korean and Japanese markets
3. Appendix
Top 10 typical enterprises in Vietnam's wood industry
1. Furniture wood
Domestic produced furniture volume quarter I, 2021 -2022
Export turnover of some main wooden furniture products, 3M/2022
Top enterprises with high export turnover of wood and wood products, 3M/2022
2. Forecast
Preferential tax rates for some wood products to Korean and Japanese markets
3. Appendix
Top 10 typical enterprises in Vietnam's wood industry
LIST OF FIGURES
1. Macroeconomics
GDP growth rate by quarter, 2019 Q1/2022
Foreign direct investment capital newly registered, increased and contributed to the processing and manufacturing industry, 2017 – Q1/2022
The growth rate of processing and manufacturing industry, 2019 – Q1/2022
USD Price Index, 2019 Q1/2022
IIP and PMI Index, 2016 Q1/2022
CPI convulsion, 2016 Q1/2022
2. Materials
Timber production from planted forests, 2016 3M/2022
Supply of some domestic wood materials, 2019 3M/2022
Import volume of wood materials in Vietnam, 2018 3M/2022
Import volume of wood materials by type, 3M/2022
Wood materials import volume by market, 2018 3M/2022
Import turnover and volume of roundwood 2019 3M/2022
Import turnover of roundwood by country, 3M/2022
Import volume of roundwood by market, 2018 3M/2022
Import turnover of roundwood by market, 2018 – 3M/2022
Import volume and turnover of sawn wood, 2019 – 3M/2022
Import turnover of sawn wood by country, 3M/2022
Import volume of sawn wood by market, 2018 3M/2022
Import turnover of sawn wood by market, 2018 – 3M/2022
Export volume and turnover of wood materials, 2019 – 3M/2022e
Export volume of wood materials by type, 3M/2022
Export turnover of wood materials by type, 3M/2022
Import volume and turnover of woodchips, 2019 – 3M/2022
Export turnover of wood chips by market, 3M/2022 (e)
Export volume and turnover of pellets 2019 3M/2022 (e)
Average export price of pellets (Korea) and wood chips (FOB, China), 2019 2021
3. Furniture wood
Domestic produced wooden furniture products volume quarter I, 2021 -2022
Import turnover of wood products by type, 2019 – 3M/2022
Export turnover of some main wooden furniture products, 3M/2022
Export turnover of chair HS code 9401 by market, 2M/2022
Export turnover of wooden furniture products HS code 9403 by market, 2M/2022
4. Forecast
Construction industry growth rate 2012 2024f
US real estate market revenue growth, 2013 2023f
5. Appendix
Estimated supply and demand of Vietnam rubber
Current status of Vietnam forest, 2020
Area of ??rubber production land of Vietnam, 2013 2019
1. Macroeconomics
GDP growth rate by quarter, 2019 Q1/2022
Foreign direct investment capital newly registered, increased and contributed to the processing and manufacturing industry, 2017 – Q1/2022
The growth rate of processing and manufacturing industry, 2019 – Q1/2022
USD Price Index, 2019 Q1/2022
IIP and PMI Index, 2016 Q1/2022
CPI convulsion, 2016 Q1/2022
2. Materials
Timber production from planted forests, 2016 3M/2022
Supply of some domestic wood materials, 2019 3M/2022
Import volume of wood materials in Vietnam, 2018 3M/2022
Import volume of wood materials by type, 3M/2022
Wood materials import volume by market, 2018 3M/2022
Import turnover and volume of roundwood 2019 3M/2022
Import turnover of roundwood by country, 3M/2022
Import volume of roundwood by market, 2018 3M/2022
Import turnover of roundwood by market, 2018 – 3M/2022
Import volume and turnover of sawn wood, 2019 – 3M/2022
Import turnover of sawn wood by country, 3M/2022
Import volume of sawn wood by market, 2018 3M/2022
Import turnover of sawn wood by market, 2018 – 3M/2022
Export volume and turnover of wood materials, 2019 – 3M/2022e
Export volume of wood materials by type, 3M/2022
Export turnover of wood materials by type, 3M/2022
Import volume and turnover of woodchips, 2019 – 3M/2022
Export turnover of wood chips by market, 3M/2022 (e)
Export volume and turnover of pellets 2019 3M/2022 (e)
Average export price of pellets (Korea) and wood chips (FOB, China), 2019 2021
3. Furniture wood
Domestic produced wooden furniture products volume quarter I, 2021 -2022
Import turnover of wood products by type, 2019 – 3M/2022
Export turnover of some main wooden furniture products, 3M/2022
Export turnover of chair HS code 9401 by market, 2M/2022
Export turnover of wooden furniture products HS code 9403 by market, 2M/2022
4. Forecast
Construction industry growth rate 2012 2024f
US real estate market revenue growth, 2013 2023f
5. Appendix
Estimated supply and demand of Vietnam rubber
Current status of Vietnam forest, 2020
Area of ??rubber production land of Vietnam, 2013 2019
