Vietnam's wood product exports up 54% in Jan.-July 2021

Source:
ITTO/Fordaq
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In the first 7 months of 2021 W&WP exports reached US$9.26 billion, up 54% over the same period of 2020. Due to the severe outbreak of Covid-19 in the major wood processing industries of Binh Duong, Dong Nai and Ho Chi Minh City exports in July dropped by 17% compared to June. On the other hand imports of W&WP in the first 7 months were valued at US$1.81 billion, a year-on-year increase of 39%.

  • W&WP exports to top markets in the first 7 months of 2021 are as follows:
  • US: US$5.72 billion, up 77.4%, accounting for 62% of Vietnam's W&WP exports;
  • Japan: US$0.81 billion, up 18.8%, sharing 9% of the total W&WP exports;
  • China: US$0.93 billion, up 24.8%, equivalent to 10% of the total exports;
  • South Korea: US$0.53 billion, up 16.8%, taking 6% of the total exports;
  • EU: US$0.38 billion, up 34.0%, 4% of the total value of G&SPG exports;
  • UK: US$0.16 billion, up 29.4%, contributing 2% of the total exports;
  • Canada: US$0.15 billion, up 48.9%, about 2 per cent of total exports.

Exports of the major W&WP including indoor/outdoor furniture, seats, woodchip, woodpellet, veneer (peeling), particle-board, fiber-board, plywood/finger-joint wood in the first 7 months of 2021 increased as follows:

  • Furniture: US$4.33 billion, up 53% over the same period in 2020;
  • Wooden seats: US$2.35 billion, up 99%;
  • Woodchip: US1.08 billion (8.5 million tonnes), up 23% in volume and 17% in value;
  • Plywood/finger-joint wood: US$570.47 million (1.54 million cu.m), up 43% in volume and 99% in value;
  • Wood-pellet: US$241.22 million (2.14 million tonnes), up 32% in volume and 36% in value;
  • Veneer (peeling): US$117.32 million (1.21 million cu.m), up 337% in volume and 185% in value;
  • Fibreboard: US$36.75 million (66,860 cu.m), up 1.4% in volume and 46% in value;
  • Particleboard: US$6.30 million (29,870 cu. m), up 19% in volume, but down by 3% in value.

Of wooden furniture exports of kitchen cabinets (HS 9403.40) continued up growing over 60% compared to the same period of the last year. Next to kitchen cabinets are upholstered seats where exports more than doubled to US$1.50 billion.

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