Vietnam: Wood Dryer Market 2024

Wood Dryer Market Size in Vietnam

The Vietnamese wood dryer market surged to $X in 2021, growing by 742% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Dryer Exports

Exports from Vietnam

In 2021, the amount of dryers for wood, paper pulp, paper or paperboard exported from Vietnam reduced remarkably to X units, waning by -26.7% on the previous year. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 714%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood dryer exports shrank to $X in 2021. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 392% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units), Lao People's Democratic Republic (X units) and Indonesia (X units) were the main destinations of wood dryer exports from Vietnam, together accounting for 36% of total exports. Moreover, wood dryer exports in India exceeded the figures recorded by the second-largest exporter, Lao People's Democratic Republic, twofold.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X), India ($X) and Japan ($X) appeared to be the largest markets for wood dryer exported from Vietnam worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +89.0%, 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

The average wood dryer export price stood at $X per unit in 2021, picking up by 32% against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2020 an increase of 314% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+47.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Dryer Imports

Imports into Vietnam

In 2021, wood dryer imports into Vietnam surged to X units, increasing by 1,037% on the year before. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood dryer imports skyrocketed to $X in 2021. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wood dryer supplier to Vietnam, accounting for a 60% share of total imports. Moreover, wood dryer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. South Korea (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.7% per year) and South Korea (+9.8% per year).

In value terms, China ($X) constituted the largest supplier of dryers for wood, paper pulp, paper or paperboard to Vietnam, comprising 70% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.7% share of total imports. It was followed by the United States, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+65.8% per year) and the United States (+102.2% per year).

Import Prices by Country

In 2021, the average wood dryer import price amounted to $X per unit, falling by -44.5% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 55% against the previous year. The import price peaked at $X per unit in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :