Vietnam: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Vietnam

The Vietnamese market for coniferous wood in the rough shrank modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption recorded prominent growth. Coniferous wood in the rough consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Coniferous Wood In The Rough in Vietnam

In value terms, coniferous wood in the rough production dropped to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 91%. Over the period under review, coniferous wood in rough production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports from Vietnam

In 2022, after three years of decline, there was significant growth in shipments abroad of coniferous wood in the rough, when their volume increased by 31% to X cubic meters. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 292% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports expanded remarkably to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 126%. Over the period under review, the coniferous wood in rough exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for coniferous wood in the rough exports from Vietnam, accounting for a 85% share of total exports. Moreover, coniferous wood in the rough exports to India exceeded the volume sent to the second major destination, Japan (X cubic meters), eightfold. The third position in this ranking was taken by China (X cubic meters), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+25.6% per year) and China (-16.6% per year).

In value terms, India ($X) remains the key foreign market for coniferous wood in the rough exports from Vietnam, comprising 88% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+12.3% per year) and Taiwan (Chinese) (-47.5% per year).

Export Prices by Country

In 2022, the average export price for coniferous wood in the rough amounted to $X per cubic meter, dropping by -14.4% against the previous year. Overall, the export price recorded a significant decline. The most prominent rate of growth was recorded in 2015 an increase of 22%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to China ($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 Japan (-10.5%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into Vietnam

After four years of decline, purchases abroad of coniferous wood in the rough increased by 5% to X cubic meters in 2022. In general, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports rose to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 106%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Lao People's Democratic Republic (X cubic meters), the United States (X cubic meters) and New Zealand (X cubic meters) were the main suppliers of coniferous wood in the rough imports to Vietnam, together comprising 89% of total imports. Sweden, Japan, South Africa and Costa Rica lagged somewhat behind, together accounting for a further 5.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +12.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of coniferous wood in the rough to Vietnam, comprising 70% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 12% share of total imports. It was followed by Sweden, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (+9.7% per year) and Sweden (+6.7% per year).

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2022, reducing by -3% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 79%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per cubic meter), while the price for Lao People's Democratic Republic ($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 South Africa (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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