Vietnam - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Vietnam - 2021
Contents:
- MDF Price in Vietnam (CIF) - 2021
- MDF Price in Vietnam (FOB) - 2021
- MDF Imports in Vietnam
- MDF Exports in Vietnam
MDF Price in Vietnam (CIF) - 2021
The average MDF import price stood at $581 per cubic meter in December 2021, surging by 1.9% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in January 2021 when the average import price increased by 22% against the previous month. Over the period under review, average import prices reached the peak figure at $600 per cubic meter in March 2021; however, from April 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from China ($606 per cubic meter) and Thailand ($591 per cubic meter), while the price for Malaysia ($475 per cubic meter) and Indonesia ($475 per cubic meter) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Vietnam (FOB) - 2021
In December 2021, the average MDF export price amounted to $569 per cubic meter, flattening at the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 an increase of 5.2% m-o-m. Over the period under review, the average export prices hit record highs at $574 per cubic meter in September 2021; however, from October 2021 to December 2021, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In December 2021, the highest price was recorded for prices to South Korea ($587 per cubic meter) and Cambodia ($579 per cubic meter), while the average price for exports to Taiwan (Chinese) ($520 per cubic meter) and Kuwait ($554 per cubic meter) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
MDF Imports in Vietnam
In 2022, imports of MDF into Vietnam expanded slightly to 495K cubic meters, surging by 3.5% on 2021 figures. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, imports attained the peak of 523K cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, MDF imports dropped to $150M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum at $153M in 2021, and then dropped in the following year.
| Import of MDF in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 65.8 | 80.8 | 62.7 | 60.9 | -2.5% |
| China | 18.8 | 33.5 | 51.5 | 49.8 | 38.4% |
| New Zealand | 16.7 | 15.6 | 20.0 | 20.2 | 6.5% |
| Malaysia | 8.7 | 4.0 | 6.2 | 5.9 | -12.1% |
| Indonesia | 4.4 | 2.8 | 3.5 | 3.3 | -9.1% |
| Others | 9.2 | 10.2 | 9.2 | 9.8 | 2.1% |
| Total | 124 | 147 | 153 | 150 | 6.6% |
Top Suppliers of MDF to Vietnam in 2022:
- Thailand (234.9K cubic meters)
- China (135.9K cubic meters)
- New Zealand (70.5K cubic meters)
- Malaysia (17.5K cubic meters)
- Indonesia (10.9K cubic meters)
MDF Exports in Vietnam
In 2022, approx. 68K cubic meters of MDF were exported from Vietnam; declining by -7% on 2021 figures. Over the period under review, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 4.7% against the previous year. The exports peaked at 75K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, MDF exports amounted to $40M in 2022. Overall, exports saw a slight curtailment. The exports peaked at $42M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of MDF in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.9 | 21.7 | 10.7 | 20.2 | 19.3% |
| South Korea | 2.0 | 1.7 | 7.6 | 6.1 | 45.0% |
| Saudi Arabia | 4.2 | 4.9 | 3.6 | 3.1 | -9.6% |
| India | 16.6 | 5.4 | 2.2 | 1.8 | -52.3% |
| Cambodia | 2.2 | 1.3 | 4.4 | 1.8 | -6.5% |
| United Arab Emirates | 0.4 | 0.5 | 1.6 | 0.8 | 26.0% |
| Taiwan (Chinese) | 0.1 | 0.2 | 1.9 | 0.7 | 91.3% |
| Indonesia | 0.3 | 0.4 | 0.8 | 0.7 | 32.6% |
| China | 0.4 | 0.1 | 0.2 | 0.5 | 7.7% |
| Others | 3.9 | 3.5 | 6.6 | 4.0 | 0.8% |
| Total | 42.0 | 39.8 | 39.6 | 39.7 | -1.9% |
Top Export Markets for MDF from Vietnam in 2022:
- United States (29.1K cubic meters)
- South Korea (7.8K cubic meters)
- India (5.8K cubic meters)
- Saudi Arabia (4.9K cubic meters)
- Cambodia (4.6K cubic meters)
- United Arab Emirates (2.7K cubic meters)
- Taiwan (Chinese) (1.9K cubic meters)
- Indonesia (1.8K cubic meters)
- China (1.3K cubic meters)
This report provides an in-depth analysis of the mdf market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1648 - MDF/HDF
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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