Vietnam: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in Vietnam

The Vietnamese preservative-treated rough wood market soared to $X in 2021, rising by 23% against the previous year. Overall, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Preservative-Treated Rough Wood Production in Vietnam

In value terms, preservative-treated rough wood production declined to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 87% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Preservative-Treated Rough Wood Exports

Exports from Vietnam

In 2021, approx. X cubic meters of preservative-treated rough wood were exported from Vietnam; growing by 10% compared with 2020 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 146% against the previous year. The exports peaked at X cubic meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preservative-treated rough wood exports rose notably to $X in 2021. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 209% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X cubic meters) was the main destination for preservative-treated rough wood exports from Vietnam, with a 84% share of total exports. Moreover, preservative-treated rough wood exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Mozambique (X cubic meters), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +27.4%.

In value terms, Taiwan (Chinese) ($X) and Mozambique ($X) were the largest markets for preservative-treated rough wood exported from Vietnam worldwide.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +26.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average preservative-treated rough wood export price stood at $X per cubic meter in 2021, growing by 2.5% against the previous year. Overall, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per cubic meter), while the average price for exports to Taiwan (Chinese) amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.7%), while the prices for the other major destinations experienced a decline.

Preservative-Treated Rough Wood Imports

Imports into Vietnam

In 2021, the amount of preservative-treated rough wood imported into Vietnam skyrocketed to X cubic meters, jumping by 513% on the previous year's figure. In general, imports posted a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preservative-treated rough wood imports surged to $X in 2021. Overall, imports, however, saw a mild setback. The growth pace was the most rapid in 2019 with an increase of 245% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Lao People's Democratic Republic (X cubic meters), Nigeria (X cubic meters) and Mauritius (X cubic meters) were the main suppliers of preservative-treated rough wood imports to Vietnam, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preservative-treated rough wood suppliers to Vietnam were Mauritius ($X), Nigeria ($X) and the United States ($X), together accounting for 69% of total imports. Lao People's Democratic Republic, the UK, South Africa and Malaysia lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Lao People's Democratic Republic, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preservative-treated rough wood import price amounted to $X per cubic meter, waning by -58.1% against the previous year. Overall, the import price saw a pronounced reduction. The growth pace was the most rapid in 2015 when the average import price increased by 95% against the previous year. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Lao People's Democratic Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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