Local wood sector takes firmer root
With the leading position in
Southeast Asia, Vietnam’s wood production and processing industry is under
the spotlight of foreign companies and suppliers.
Ingo Bette, a representative from
German Woodworking Machinery Manufacturers (GWMM), said that Vietnam’s
woodworking industry was still in its infancy compared to other regional
markets like Indonesia, Malaysia, and Thailand.
Today, the country has gone through
very impressive development. Vietnam has surpassed its regional peers to
become the largest buyer of wood processing technology in Southeast Asia,
despite its scarce wood resources.
In addition, Vietnamese wood
manufacturers have shifted from producing solid wood to indoor furniture.
They have also improved their design competency to sell their own products on
the global market. Thanks to the transition to more value-added products, GWMM
companies have achieved sturdy sales performances in Vietnam compared to
neighbouring countries. The association is looking to raise its market share
in the country in the coming time.
The American Hardwood Export Council
(AHEC) ranked Vietnam as the second fastest growing global market for
US-sourced hardwood lumber, following China in the number one position.
Continuing its recovery from lows in
2015, the Vietnamese wood market’s demand for American hardwood was off to a
great start in 2017.
Through the first six months of the
year, US hardwood lumber exports to Vietnam were up 18 per cent, led by a
strong surge in the popularity of yellow poplar.
AHEC’s international programme
manager Tripp Pryor said, “Back in 2012, Vietnam’s market share in Southeast
Asia was 67%.
But in just five years, this market
now purchases nearly three-fourths of all US hardwood lumber exported to the
region. Vietnam’s purchasing decisions affect the rest of the region and
truly lead the way for American hardwood exports.”
Through the first half of 2017, US
hardwood lumber shipments to Vietnam averaged an additional two million
board-feet shipped every month compared to last year.
This growth added up to a
significant increase this year, which will likely make 2017 the biggest trade
year ever between the US and Vietnamese lumber and furniture industries.
Deputy chairman of the Vietnam
Timber and Forest Products Association, Ngo Sy Hoai, said, “As Vietnam opened
up the wood production and processing industry, a large number of foreign
companies relocated their production to Vietnam to manufacture and
export wood products. The total export turnover of wood products is projected
to reach US$8 billion in 2017, half of which will come from foreign
companies.”
According to Hoai, Vietnam’s wood
production and processing sector has achieved a double-digit annual growth of
approximately 10% throughout the past decade.
The sector slowed down some last
year – with full-year exports valued at US$7 billion – but rebounded in the
first 10 months of 2017 with a growth rate of more than 10%. Exports of wood
products are expected to increase once the EU-Vietnam Free Trade Agreement
comes into effect next year.
VIR
|
Thứ Hai, 6 tháng 11, 2017
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