green plywood

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Vietnam has become a leading export country of wood and wood products in the world. On the international scale, Vietnam has been the 5th biggest wood exporter in the world ranking, the 2nd in Asia and the 1st in Southeast Asia. Although Vietnam has become a leading export country of wood and wood products, Vietnam’s wood furniture export turnover currently accounts for only 7% of the global market share. Given that the world’s furniture trade market is large, with a total transaction value of about USD 405 billion per year, with an import demand for wood and wood products of about USD 230 billion, the room for the development of the wood processing industry is still very large, especially for furniture, which is a strong commodity of Vietnam. The export value of wood and wood products from Vietnam was USD 17.01 billion in 2022, up by 7.1% compared to 2021. However, this increase is much lower than businesses’ expectations in recent years, especially compared to 2021 when they increased by 19.8%.