Price for Wood; Statuettes and Other Ornaments of Wood in Vietnam - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Vietnam (FOB) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Vietnam (CIF) - 2022
- Exports of Wood; Statuettes and Other Ornaments of Wood in Vietnam
- Imports of Wood; Statuettes and Other Ornaments of Wood in Vietnam
Price for Wood; Statuettes and Other Ornaments of Wood in Vietnam (FOB) - 2022
The average export price for wood; statuettes and other ornaments of wood stood at $2,555 per ton in 2022, falling by -60.2% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $7,436 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +23.2% per year.
Price for Wood; Statuettes and Other Ornaments of Wood in Vietnam (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $15,480 per ton, picking up by 96% against the previous year. In general, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($18,000 per ton) and Japan ($16,600 per ton), while the price for Taiwan (Chinese) ($14,333 per ton) and Thailand ($14,826 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood; Statuettes and Other Ornaments of Wood in Vietnam
In 2022, exports of wood; statuettes and other ornaments of wood from Vietnam fell dramatically to 264 tons, which is down by -92.4% against the previous year. Overall, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports attained the peak of 3.5K tons, and then declined remarkably in the following year.
In value terms, exports of wood; statuettes and other ornaments of wood declined sharply to $675K in 2022. Over the period under review, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1.2%. As a result, the exports reached the peak of $22M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Wood; Statuettes and Other Ornaments of Wood in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.0 | 0.9 | 0.6 | 0.6 | -15.7% |
| Germany | 0.7 | 0.8 | 1.0 | N/A | 19.5% |
| China | 0.8 | 1.2 | 2.1 | N/A | 62.0% |
| United Kingdom | 0.1 | 0.5 | 0.5 | N/A | 123.6% |
| France | 1.2 | 0.5 | 0.4 | N/A | -42.3% |
| Japan | 2.8 | 2.9 | 2.1 | N/A | -13.4% |
| Denmark | 4.6 | 5.9 | 5.2 | N/A | 6.3% |
| Netherlands | 0.7 | 0.7 | 1.3 | N/A | 36.3% |
| United States | 6.5 | 5.6 | 5.2 | N/A | -10.6% |
| Others | 3.5 | 3.3 | 3.9 | N/A | 5.6% |
| Total | 22.0 | 22.3 | 22.3 | 0.7 | -68.3% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Vietnam in 2022:
- Taiwan (Chinese) (257.0 tons)
Imports of Wood; Statuettes and Other Ornaments of Wood in Vietnam
For the third consecutive year, Vietnam recorded decline in supplies from abroad of wood; statuettes and other ornaments of wood, which decreased by -99% to 356 kg in 2022. Over the period under review, imports saw a precipitous decline. The smallest decline of -4.1% was in 2021.
In value terms, imports of wood; statuettes and other ornaments of wood dropped rapidly to $5.5K in 2022. In general, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 0.8%.
| Import of Wood; Statuettes and Other Ornaments of Wood in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 252 | 96.7 | 149 | 2.9 | -77.4% |
| Indonesia | 9.8 | 79.3 | 64.1 | 1.2 | -50.3% |
| Italy | 19.0 | 44.3 | 28.8 | 0.6 | -68.4% |
| Thailand | 37.7 | 22.5 | 5.4 | 0.3 | -80.0% |
| Taiwan (Chinese) | 14.5 | 1.6 | 2.0 | 0.1 | -81.0% |
| Belgium | 24.8 | 3.5 | 0.7 | 0.1 | -84.1% |
| Japan | 5.3 | 7.0 | 2.3 | 0.1 | -73.4% |
| Others | 41.4 | 18.5 | 23.3 | 0.2 | -83.1% |
| Total | 404 | 273 | 276 | 5.5 | -76.1% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Vietnam in 2022:
- China (184.0 kg)
- Indonesia (81.0 kg)
- Italy (37.0 kg)
- Thailand (23.0 kg)
- Belgium (9.0 kg)
- Taiwan (Chinese) (6.0 kg)
- Japan (5.0 kg)
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