Vietnam: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Vietnam

The Vietnamese industrial roundwood market fell slightly to $X in 2022, which is down by -2.2% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Industrial roundwood consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood Production in Vietnam

In value terms, industrial roundwood production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Industrial Roundwood Exports

Exports from Vietnam

In 2022, approx. X cubic meters of industrial roundwood were exported from Vietnam; increasing by 240% compared with the previous year's figure. Overall, exports, however, continue to indicate a precipitous decrease. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports surged to $X in 2022. In general, exports, however, faced a precipitous decline. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters), Hong Kong SAR (X cubic meters) and Taiwan (Chinese) (X cubic meters) were the main destinations of industrial roundwood exports from Vietnam, with a combined 88% share of total exports. Pakistan, South Korea and India lagged somewhat behind, together accounting for a further 6.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +13.7%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from Vietnam, comprising 64% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-26.0% per year) and Taiwan (Chinese) (-11.4% per year).

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, dropping by -13.2% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood export price increased by +18.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 110%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Hong Kong SAR ($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 China (+10.8%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood Imports

Imports into Vietnam

In 2022, after two years of decline, there was significant growth in supplies from abroad of industrial roundwood, when their volume increased by 9.7% to X cubic meters. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 65%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports contracted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 29%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X cubic meters), Cameroon (X cubic meters) and Congo (X cubic meters) were the main suppliers of industrial roundwood imports to Vietnam, with a combined 49% share of total imports. Belgium, Suriname, Germany, France, Democratic Republic of the Congo, Nigeria, Central African Republic, China, Uruguay and Australia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Suriname (with a CAGR of +95.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Cameroon ($X) and Congo ($X) were the largest industrial roundwood suppliers to Vietnam, together accounting for 48% of total imports. Belgium, Nigeria, France, China, Germany, Suriname, Democratic Republic of the Congo, Uruguay, Australia and Central African Republic lagged somewhat behind, together comprising a further 32%.

Suriname, with a CAGR of +111.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, with a decrease of -17% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 an increase of 22%. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Central African Republic ($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 China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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