Export of wood chips and wood pellets continues to grow strongly

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Export of wood chips and wood pellets continues to grow strongly

In the first quarter of 2023, the whole export wood industry grew by negative 28%, but by-products such as wood chips and wood pellets continued to grow impressively - together over 30%.

The Vietnam Timber and Forest Products Association said: In the first quarter of 2023, revenue reached $3.1 billion, down 28%. In which, wood and wood products reached 2.88 billion USD, down 28.3%; non-timber forest products reached USD 224 million, down 28.2%. It is expected that in 2023, the export turnover value will only be equivalent to 2022.

Export of wood pellets continues to grow strongly - T.L

However, like in 2022, while the export of main products faces difficulties, by-products still grow well, especially wood chips and wood pellets. Specifically, the export value of wood chips in 2022 will reach nearly 2.8 billion USD, an increase of nearly 61% compared to 2021. In the first 3 months of 2023, it will reach nearly 600 million USD, an increase of over 30% compared to the same period last year. period 2022. The familiar destinations of this item are still China and Japan.

The most breakthrough growth is wood pellets, reaching 818 million USD in 2022, an increase of nearly 81% compared to 2021. The main consumption markets are Korea and Japan with a small part exported to the EU. In the first 3 months of this year, this item achieved a turnover of 212 million USD, up 31% over the same period last year.

According to the Vietnam Wood and Forest Products Association, the export of wood chips and wood pellets is favorable because of the trend in some countries to switch to this material when the supply of petroleum is tight, especially in 2022. However, the situation The overall situation of the industry continues to be difficult due to the recession of the world economy and high inflation in some developed countries, so the governments of the countries have issued many tightening monetary policies. tighten spending.

In addition, due to difficulties, countries strengthen technical barriers and trade remedies, so the wood industry faces lawsuits about plywood and investigations into kitchen cabinets and vanity products. US market.

In addition, there are some difficulties in the implementation of domestic mechanisms and policies such as tax policies, social insurance and credit for businesses. It is necessary to have a policy for enterprises in the wood and forest product processing industry to extend their debt due from 6 to 12 months; have a special credit package from the Bank for Social Policies for enterprises to pay wages to workers in 2023.

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News & Events

Export of wood chips and wood pellets continues to grow strongly

In the first quarter of 2023, the whole export wood industry grew by negative 28%, but by-products such as wood chips and wood pellets continued to grow impressively - together over 30%.

CÔNG TY TNHH MTV THƯƠNG MẠI - XUẤT NHẬP KHẨU THIÊN LỘC

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