Vietnam: Roundwood Market 2024

Roundwood Market Size in Vietnam

In 2022, the Vietnamese roundwood market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Roundwood Production in Vietnam

In value terms, roundwood production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Vietnam

In 2022, shipments abroad of roundwood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, roundwood exports surged to $X in 2022. Over the period under review, exports, however, recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X cubic meters) was the main destination for roundwood exports from Vietnam, with a X% share of total exports. Moreover, roundwood exports to Denmark exceeded the volume sent to the second major destination, South Korea (X cubic meters), twofold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) remains the key foreign market for roundwood exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

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

Export Prices by Country

The average roundwood export price stood at less than $X per cubic meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Roundwood Imports

Imports into Vietnam

For the third year in a row, Vietnam recorded growth in supplies from abroad of roundwood, which increased by X% to X cubic meters in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, roundwood imports soared to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cambodia (X cubic meters) was the main roundwood supplier to Vietnam, accounting for a X% share of total imports. It was followed by China (X cubic meters), with a X% share of total imports. Australia (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Cambodia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Australia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of roundwood to Vietnam, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a dramatic setback. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uganda ($X per cubic meter), while the price for Cambodia (less than $X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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