Vietnam: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Vietnam

In 2020, after two years of growth, there was decline in the Vietnamese wood fuel (non-coniferous) market, when its value decreased by -X% to $X. In general, consumption saw a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Wood fuel (non-coniferous) consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Production in Vietnam

In value terms, wood fuel (non-coniferous) production reduced slightly to $X in 2020 estimated in export prices. Overall, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Vietnam

For the fourth year in a row, Vietnam recorded decline in shipments abroad of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of X cubic meters. from 2012 to 2020, the growth exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports dropped to $X in 2020. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Japan (X cubic meters), the U.S. (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Vietnam, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and the Netherlands ($X) appeared to be the largest markets for wood fuel (non-coniferous) exported from Vietnam worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Netherlands (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Germany ($X per cubic meter) and Mexico ($X per cubic meter), while the average price for exports to the Netherlands ($X per cubic meter) and Poland ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Vietnam

In 2020, purchases abroad of wood fuel (non-coniferous) was finally on the rise to reach X cubic meters after three years of decline. Over the period under review, imports saw a measured increase. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at X cubic meters in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, wood fuel (non-coniferous) imports skyrocketed to $X in 2020. Overall, imports showed a temperate increase. Imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X cubic meters) constituted the largest supplier of wood fuel (non-coniferous) to Vietnam, with a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), sevenfold. Italy (X cubic meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Italy (+X% per year).

In value terms, China ($X) constituted the largest supplier of wood fuel (non-coniferous) to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, standing approx. at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 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 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were South Korea ($X per cubic meter) and Estonia ($X per cubic meter), while the price for Italy ($X per cubic meter) and Indonesia ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform