Vietnam: Wood Barrel Market 2025

Wood Barrel Market Size in Vietnam

The Vietnamese wood barrel market rose to $X in 2022, surging by 1.7% against the previous year. Overall, consumption, however, recorded a noticeable contraction. Wood barrel consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wood Barrel Production in Vietnam

In value terms, wood barrel production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. Wood barrel production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Wood Barrel Exports

Exports from Vietnam

After five years of growth, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -1.9% to X units in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 67%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, wood barrel exports reduced to $X in 2022. In general, exports, however, saw strong growth. The growth pace was the most rapid in 2019 with an increase of 73%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X units) was the main destination for wood barrel exports from Vietnam, with a 49% share of total exports. Moreover, wood barrel exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Canada (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.2% per year) and Canada (+40.3% per year).

In value terms, the United States ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Vietnam, comprising 50% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Canada, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.1% per year) and Canada (+41.0% per year).

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, shrinking by -3.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 18%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into Vietnam

After two years of growth, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -33.2% to X units in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 2,623%. Over the period under review, imports reached the peak figure at X units in 2021, and then fell markedly in the following year.

In value terms, wood barrel imports fell markedly to $X in 2022. Overall, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,066% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, France (X units) was the main supplier of wood barrel to Vietnam, accounting for a 91% share of total imports. Moreover, wood barrel imports from France exceeded the figures recorded by the second-largest supplier, China (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +50.4%.

In value terms, France ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Vietnam, comprising 91% of total imports. The second position in the ranking was taken by China ($X), with a 9.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +47.3%.

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 38%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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