Report Update Nov 1, 2024

Vietnam - Parquet Panels of Wood (Excluding Those for Mosaic Floors) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Wood Parquet Panels Market 2022

Wood Parquet Panels Market Size in Vietnam

In 2021, the Vietnamese wood parquet panels market decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2018 indices. Wood parquet panels consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Parquet Panels Production in Vietnam

In value terms, wood parquet panels production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020, and then reduced slightly in the following year.

Wood Parquet Panels Exports

Exports from Vietnam

In 2021, wood parquet panels exports from Vietnam stood at X square meters, picking up by X% on 2020 figures. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wood parquet panels exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X square meters) was the main destination for wood parquet panels exports from Vietnam, accounting for a X% share of total exports. Moreover, wood parquet panels exports to the United States exceeded the volume sent to the second major destination, South Korea (X square meters), twofold. The third position in this ranking was occupied by Japan (X square meters), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

In value terms, the United States ($X) remains the key foreign market for wood parquet panels exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

Wood Parquet Panels Imports

Imports into Vietnam

In 2021, purchases abroad of parquet panels of wood (excluding those for mosaic floors) decreased by -X% to X square meters, falling for the third year in a row after three years of growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X square meters in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood parquet panels imports shrank dramatically to $X in 2021. Overall, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Lao People's Democratic Republic (X square meters) constituted the largest wood parquet panels supplier to Vietnam, accounting for a X% share of total imports. Moreover, wood parquet panels imports from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), more than tenfold. Malaysia (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Lao People's Democratic Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (+X% per year).

In value terms, Lao People's Democratic Republic ($X), Malaysia ($X) and Indonesia ($X) constituted the largest wood parquet panels suppliers to Vietnam, together accounting for X% of total imports. These countries were followed by Thailand, which accounted for a further X the main suppliers, Thailand, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for parquet panels of wood (excluding those for mosaic floors) in the world?

China constituted the country with the largest volume of wood parquet panels consumption, accounting for 29% of total volume. Moreover, wood parquet panels consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by Brazil, with a 4.1% share.

What are the largest producers of parquet panels of wood (excluding those for mosaic floors) in the world?

The country with the largest volume of wood parquet panels production was China, comprising approx. 30% of total volume. Moreover, wood parquet panels production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Indonesia ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of parquet panels of wood (excluding those for mosaic floors) to Vietnam?

In value terms, the largest wood parquet panels suppliers to Vietnam were Malaysia, China and Germany, together accounting for 85% of total imports. France, Myanmar, Italy and India lagged somewhat behind, together accounting for a further 10%.

What are the leading importers of parquet panels of wood (excluding those for mosaic floors) from Vietnam?

In value terms, the United States remains the key foreign market for wood parquet panels exports from Vietnam, comprising 64% of total exports. The second position in the ranking was occupied by South Korea, with a 13% share of total exports. It was followed by Japan, with a 4.8% share.

What is the average export price for parquet panels of wood (excluding those for mosaic floors) in Vietnam?

The average wood parquet panels export price stood at $3.3 per square meter in 2020, rising by 38% against the previous year.

What is the average import price for parquet panels of wood (excluding those for mosaic floors) in Vietnam?

The average wood parquet panels import price stood at $2.8 per square meter in 2020, increasing by 2.4% against the previous year.

This report provides an in-depth analysis of the wood parquet panels market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16221060 - Parquet panels of wood (excluding those for mosaic floors)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023