Currently, there are about 72 countries and territories consuming Vietnam plywood, but plywood exporters mainly concentrated in 5 countries including: Korea, USA, Japan, Malaysia, and Thailand. These five countries together account for over 84% of the total export volume and turnover of plywood from Vietnam in 2020 to all markets.
Next, Vietnam exported 231,710 cubic meter to Malaysia, bringing in $62.81 million in 2020; 29% increase in volume and 21% in value compared to 2019; accounting for 11% of total plywood exports. The Japanese market occupies the 4th place, with 170,200 cubic meter of plywood and brought Vietnam a turnover of 43.24 million USD from this country; an increase of 5% in volume and 2% in value compared to 2019; accounting for 8% of Vietnam’s total plywood exports. In 2020, Thailand imported 144,440 cubic meter of Vietnam, reaching 42.92 million USD; increased 33% in volume and 32% in value compared to 2019, accounting for 7% of our country’s total plywood exports.
According to experts, plywood has outstanding advantages such as, more economical costs, larger size than using solid wood, no shrinkage, no warping; flexible surface that can be coated with mica, veneer as desired and moreover the sustainability of plywood, making full use of a wide range of materials. Plywood is a major trend that is making its mark in the design world when it is widely used, not only as an input material for the production of wooden furniture, but also as a material in the construction industry. flooring, packaging and other furniture products.
According to ITC analysis, the demand for plywood is increasing every year. On average, each year the world spends about 16-17 billion USD to import this item, with an import volume of about 32-34 million cubic meter. TOP 5 largest plywood exporting countries in the world have been established in order: China, Indonesia, Russia, Malaysia and Vietnam. China is still the world’s leading plywood supplier, accounting for over 30% of the global market share in both volume and value. In 2019, China’s export turnover of this item reached 4.5 billion USD, equivalent to over 5.4 million cubic meter. In 2020, both the volume and value of China’s export of this item to the world decreased by 10% compared to the previous year, reaching nearly 5 million cubic meter. Indonesia is the country that provides plywood in second place, with a turnover of 1.7 billion USD in 2019, accounting for 11% of the world market share. In 2020, Indonesia’s plywood export turnover decreased by 5% compared to 2019. Russia’s plywood exports reached 1.14 billion USD, accounting for 8% of the world market share in 2020. However, the value of the metal Russia’s export turnover of this item decreased by about 5% compared to the previous year. Malaysia’s plywood exports reached $821.78 million in 2019, accounting for about 6% of the world market share. In 2020, Malaysia’s plywood export turnover decreased by 14% compared to 2019. Along with the world’s consumption trend, the world continued to shift to the use of environmentally friendly materials, recycled and recycled materials. multi-use favor light, minimalist, fashion furniture with the trend of increasingly using industrial board materials in the future and plywood is one of the most important engineering woods .
Every year, the demand for plywood is increasing, on average each year the world spends about 16-17 billion USD to import this item, with an import volume of about 32-34 million cubic meter.
Hang Nguyen-Sales Officer
Plywood Sale Department | VINAWOOD
Email: hang.nguyen@vinawoodltd.com
