Vietnam’s wood products industry has long been a pillar of the country’s export-oriented economy, maintaining its position as a leading global supplier. In 2024, this sector continues to showcase remarkable growth, despite challenges in the global market. This article delves into key aspects of the wood products market in Vietnam, including timber output, trade performance, current trends, major players, and prospects.

Wood production in Vietnam and the trend of sustainable forest management

Wood production in Vietnam in 2024 was estimated to reach approximately 23.3 million cubic meters, up from 20.8 million cubic meters in 2023. This growth reflects the country’s continuous investment in forestry and expanding plantation areas.

그만큼 wood output from 2020 to 2024[1]

Unit: million cubic meters

Source: GSO, Vneconomy

A significant portion of the timber harvested in Vietnam comes from plantation forests, which account for over 80% of the total output. The shift towards plantation forestry has been a deliberate strategy aimed at reducing pressure on natural forests while meeting the rising demand for raw materials. The government’s afforestation programs and incentives for private sector participation have contributed significantly to this outcome.

One of the most prominent trends in Vietnam’s wood industry is the focus on sustainable forest management and the use of certified wood. As global consumers increasingly demand environmentally responsible products, Vietnamese manufacturers are adopting international standards such as the Forest Stewardship Council (FSC) certification. By 2024, over 1 million hectares of forests in Vietnam will be FSC-certified, reflecting the country’s commitment to sustainable practices.

Another trend is the rising adoption of technology in wood processing and manufacturing. Many companies are investing in advanced machinery and automation to improve efficiency, reduce waste, and meet the stringent quality requirements of export markets. Additionally, the shift towards high-value-added products, such as custom-designed furniture, has gained momentum as manufacturers seek to enhance their competitiveness.

Wood Export Turnover in Vietnam recorded $17.2 billion

In 2024, the export turnover reached a record $17.3 billion, with wood and wood products accounting for approximately $16.3 billion, and non-wood forest products making up the remaining $1 billion. Wooden furniture continues to dominate Vietnam’s wood product exports, accounting for over 60% of the total export turnover.

Vietnam’s wood industry has export from 2020 to 2024[2]

단위: 10억 달러

Source: GSO, Vneconomy, VCCI

This growth has been driven by high demand in key markets such as the United States, China, Japan, and South Korea. The United States remains the largest market, driven by high demand for furniture and home goods. China plays a key role as both a market and a processing hub for Vietnamese wood products. Japan and South Korea continue to grow as significant markets, especially for sustainable wood and biomass fuels like wood pellets, driven by their environmental policies and focus on renewable energy. Besides that, the European Union has seen a notable uptick in demand, driven by the EU-Vietnam Free Trade Agreement (EVFTA), which has reduced tariffs on Vietnamese wood products.

Main export market in the first 9 months of 2024

100%= 11.7 billion USD

Source: VCCI [3]

Vietnam’s wood exports are evolving with key trends: a focus on sustainable, FSC-certified products to meet global eco-friendly demands; growing exports of wood pellets and chips as renewable biomass fuels, especially to Japan and South Korea; and the rise of carbon credit initiatives tied to forest management, opening new revenue streams through carbon trading.

Main Players in the Wooden Furniture Manufacturing and Export Market

The furniture industry in Vietnam features a diverse range of companies, including large domestic manufacturers, joint ventures, and foreign enterprises. The table below shows some of the top furniture manufacturers/distributors in Vietnam.

IKEA와 Ashley Furniture와 같은 글로벌 가구 대기업도 베트남 가구 시장에서 영향력 있는 역할을 했습니다. 이러한 회사는 베트남에서 직접 운영하지 않지만 베트남 공급업체에서 광범위하게 공급받습니다. 이 협력은 고급 생산 표준을 도입하고 현지 제조업체에 글로벌 구매자의 요구 사항을 충족하는 데 귀중한 경험을 제공했습니다.

Challenges and Prospects for the Wood Industry

Despite its impressive growth, Vietnam’s wood industry faces several challenges. One major issue is the increasing scrutiny of the legality of timber sources. With stringent international regulations, such as the EU’s Deforestation Regulation, Vietnamese exporters must ensure that their products comply with these requirements. Non-compliance could lead to trade restrictions and loss of market access.

Another challenge is the rising cost of raw materials and labor. As Vietnam’s economy grows, wages have been increasing, putting pressure on profit margins. Moreover, the reliance on imported wood materials exposes the industry to fluctuations in global supply and prices.

Climate change is also a looming threat, with unpredictable weather patterns affecting timber yields and quality. Addressing these issues requires investments in climate-resilient forestry practices and technologies.

Looking ahead, the prospects for Vietnam’s wood industry remain positive. The global demand for wooden furniture and sustainable products is expected to grow, offering ample opportunities for Vietnamese manufacturers. Government support in the form of favorable policies, trade agreements, and financial incentives will further bolster the sector.

Moreover, the increasing urbanization and middle-class growth in Asia, particularly in China and India, present untapped markets for Vietnamese wood products. By diversifying their market base and focusing on innovation, Vietnamese companies can reduce reliance on traditional markets and ensure long-term sustainability.

결론

In 2024, Vietnam’s wood products market will continue to thrive, driven by steady timber output, robust export performance, and adoption of sustainable practices. While challenges such as regulatory compliance and rising costs persist, the industry’s resilience and adaptability offer a promising outlook. By embracing innovation and sustainability, Vietnam is well-positioned to maintain its status as a global leader in the wood products industry.

[1] (2020) https://www.gso.gov.vn/du-lieu-va-so-lieu-thong-ke/2021/09/thao-go-kho-khan-duy-tri-san-xuat-va-tai-phuc-hoi-nganh-go

(2021) https://vneconomy.vn/nganh-lam-nghiep-dat-muc-tieu-xuat-khau-16-ty-usd-nam-2022.htm

(2022) https://vneconomy.vn/nganh-lam-nghiep-xuat-sieu-tren-14-ty-usd.htm

(2023) https://vneconomy.vn/nong-nghiep-nam-2023-thuy-san-nuoi-trong-tang-kha-san-luong-lua-lap-ky-luc-43-5-trieu-tan.htm

(2024) https://www.gso.gov.vn/du-lieu-va-so-lieu-thong-ke/2025/01/mot-so-net-chinh-tinh-hinh-kinh-te-xa-hoi-quy-iv-va-nam-2024/

[2] (2020) https://www.gso.gov.vn/du-lieu-va-so-lieu-thong-ke/2021/01/nganh-go-xuat-khau-but-pha-trong-dich-covid-19/

(2021) https://vneconomy.vn/nganh-lam-nghiep-dat-muc-tieu-xuat-khau-16-ty-usd-nam-2022.htm

(2022) https://vneconomy.vn/nganh-lam-nghiep-xuat-sieu-tren-14-ty-usd.htm

(2023) https://trungtamwto.vn/chuyen-de/25696-gia-tri-xuat-khau-go-va-lam-san-dat-binh-quan-158-ty-usd

(2024) https://vneconomy.vn/xuat-khau-lam-san-lap-ky-luc-17-3-ty-usd.htm

[3] https://trungtamwto.vn/chuyen-de/27739-2-ly-do-khien-xuat-khau-go-va-san-pham-go-lo-ngai-khong-ve-dich-nhu-ky-vong

다른 기사를 읽어보세요