Sharp rise in Vietnamese wood product exports in January 2024

2024-02-29 09:49:58

It is estimated that in January 2024 Vietnam's exports of wood and wood products will reach US$1.4 billion, up 5% compared to December 2023 and up 75% compared to January 2023. In particular, the export of wood products is estimated at US$924 million, down 3% compared to December 2023 but up 87% compared to January 2023.

In January 2024, wooden furniture exports were valued at US$884 million, up 5% compared to December 2023 and double that in January 2023.

W&WP exports to the EU market in January 2024 earned about US$63 million, down 6% compared to December 2023 but up 5% compared to January 2023.

W&WP exports to the US in January 2024 earned US$781 million, up 5% compared to December 2023 and up 15% compared to January 2023.

Pine imports in December 2023 were at 45,900 cu.m worth US$10.5 million, down 37% in volume and 35% in value compared to November 2023. However, compared to December 2022, imports increased by 21% in volume and 13% in value.

Overall in 2023, pine imports reached 705,400 cu.m, worth US$155.0 million, down 24% in volume and 39% in value compared to 2022

Vietnam's imports of poplar wood in December 2023 were recorded at 2,900 cu.m, worth US$10.3 million, down 0.7% in volume and 10% in value compared to November 2023. Compared to December 2022 imports rose by 39% in volume and 29% in value. Overall, in 2023, poplar imports totalled 323,700 cu.m, worth US$130.6 million, down 12% in volume and 27% in value compared to 2022.

In 2023 imports of logs and sawnwood from the US reached 522,010 cu.m at a value of US$223.62 million, down 24% in volume and 32% in value compared to 2022.

Imports of logs and sawnwood from Africa in December 2023 amounted to 45,020 cu.m, at a value of US$17.47 million, down 30% in both volume and value compared to November 2023 and down 69% in volume and 67% in value compared to December 2022.

Overall, in 2023, imports of raw wood from Africa were 720,060 cu.m, at a value of US$281.81 million, down 46% in volume and 43% in value compared to 2022.（Article Source：fordaq.com）