Price for Wood; Shingles and Shakes in Vietnam - 2022

Contents:

1. Price for Wood; Shingles and Shakes in Vietnam (CIF) - 2022
2. Price for Wood; Shingles and Shakes in Vietnam (FOB) - 2022
3. Imports of Wood; Shingles and Shakes in Vietnam
4. Exports of Wood; Shingles and Shakes in Vietnam

Price for Wood; Shingles and Shakes in Vietnam (CIF) - 2022

The average wood; shingles and shakes import price stood at $2,693 per ton in 2022, declining by -3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 34%. The import price peaked at $2,776 per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($8,164 per ton), while the price for Lao People's Democratic Republic ($1,485 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+21.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wood; Shingles and Shakes in Vietnam (FOB) - 2022

In 2022, the average wood; shingles and shakes export price amounted to $1,308 per ton, increasing by 3.6% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $3,655 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,995 per ton), while the average price for exports to Cambodia ($666 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.1%), while the prices for the other major destinations experienced a decline.

Imports of Wood; Shingles and Shakes in Vietnam

Wood; shingles and shakes imports into Vietnam declined rapidly to 20 tons in 2022, which is down by -26.6% against 2021 figures. In general, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 112% against the previous year. As a result, imports reached the peak of 27 tons, and then fell remarkably in the following year.

In value terms, wood; shingles and shakes imports reduced dramatically to $53K in 2022. Over the period under review, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 136%. As a result, imports reached the peak of $75K, and then reduced notably in the following year.

Top Suppliers of Wood; Shingles and Shakes to Vietnam in 2022:

1. Lao People's Democratic Republic (15.4 tons)
2. China (4.1 tons)
3. Canada (0.2 tons)

Exports of Wood; Shingles and Shakes in Vietnam

In 2022, overseas shipments of wood; shingles and shakeses were finally on the rise to reach 25 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern.

In value terms, wood; shingles and shakes exports rose modestly to $32K in 2022. Over the period under review, exports, however, recorded a pronounced downturn.

Top Export Markets for Wood; Shingles and Shakes from Vietnam in 2022:

1. Cambodia (12.5 tons)
2. Japan (11.7 tons)
3. South Korea (0.5 tons)

Source: IndexBox Market Intelligence Platform