Vietnam: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Vietnam

After three years of decline, the Vietnamese assembled parquet panels market increased by X% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Assembled Parquet Panels Production in Vietnam

In value terms, assembled parquet panels production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Assembled parquet panels production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Assembled Parquet Panels Exports

Exports from Vietnam

In 2022, after five years of growth, there was significant decline in shipments abroad of assembled parquet panels, when their volume decreased by X% to X square meters. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X square meters in 2021, and then plummeted in the following year.

In value terms, assembled parquet panels exports reduced markedly to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The United States (X square meters) was the main destination for assembled parquet panels exports from Vietnam, accounting for a X% share of total exports. Moreover, assembled parquet panels exports to the United States exceeded the volume sent to the second major destination, China (X square meters), more than tenfold. The third position in this ranking was taken by South Korea (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) remains the key foreign market for assembled parquet panels exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average assembled parquet panels export price amounted to $X per square meter, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports into Vietnam

In 2022, purchases abroad of assembled parquet panels decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X square meters, and then reduced rapidly in the following year.

In value terms, assembled parquet panels imports shrank modestly to $X in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Lao People's Democratic Republic (X square meters) constituted the largest assembled parquet panels supplier to Vietnam, with a X% share of total imports. Moreover, assembled parquet panels imports from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, China (X square meters), fivefold. The third position in this ranking was held by Italy (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Lao People's Democratic Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of assembled parquet panels to Vietnam, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Lao People's Democratic Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average assembled parquet panels import price amounted to $X per square meter, rising by X% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, assembled parquet panels import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per square meter), while the price for Lao People's Democratic Republic ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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