Vietnam: Sawnwood Market 2024

Sawnwood Market Size in Vietnam

The Vietnamese sawnwood market amounted to $X in 2022, approximately mirroring the previous year. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Sawnwood consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sawnwood Production in Vietnam

In value terms, sawnwood production rose slightly to $X in 2022 estimated in export price. Overall, production saw a mild decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Sawnwood production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Sawnwood Exports

Exports from Vietnam

In 2022, shipments abroad of sawnwood decreased by X% to X cubic meters, falling for the seventh year in a row after four years of growth. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sawnwood exports reduced markedly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters) was the main destination for sawnwood exports from Vietnam, accounting for a X% share of total exports. Moreover, sawnwood exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), fourfold. South Korea (X cubic meters) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average sawnwood export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per cubic meter) and South Korea ($X per cubic meter), while the average price for exports to the United States ($X per cubic meter) and Taiwan (Chinese) ($X per cubic meter) were 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood Imports

Imports into Vietnam

In 2022, after three years of growth, there was significant decline in purchases abroad of sawnwood, when their volume decreased by X% to X cubic meters. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X cubic meters in 2021, and then fell in the following year.

In value terms, sawnwood imports rose slightly to $X in 2022. In general, total imports indicated a remarkable increase 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. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X cubic meters), Chile (X cubic meters) and Brazil (X cubic meters) were the main suppliers of sawnwood imports to Vietnam, together comprising X% of total imports. Lao People's Democratic Republic, China, Cameroon, Russia, New Zealand, Finland, Uruguay, Argentina, Sweden and Cambodia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood suppliers to Vietnam were the United States ($X), Lao People's Democratic Republic ($X) and Cameroon ($X), together accounting for X% of total imports. Brazil, Chile, China, Russia, New Zealand, Uruguay, Finland, Argentina, Sweden and Cambodia lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood import price stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2015; however, from 2016 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 Cambodia ($X per cubic meter), while the price for Finland ($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 the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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