VIETNAM WOOD INDUSTRY

Wood processing industry of Vietnam has become a major export commodity, ranking 4th place after coffee, seafood, machinery and spare parts. Vietnam has become the leading wood exporter in Southeast Asia and the seventh largest exporters of wood in the world. The quality of Vietnamese wood products is always improved and competitive with other countries in the region.

In the first 9 months of 2018, planted forest area decrease by 0.6% and the production of wood chips decrease by 6% compared to the same period last year. The production of artificial boards (including plywood, veneers, hardwood, plywood and similar materials) was estimated at 4,815 thousand m3.

In the first 9 months of 2018, wood production volume is estimated reach 50.059 thousands, in which, seats and tables are still the two largest product groups with the rate of 41.3% and 23.3%. The consumption value of wood chip is estimated decrease by 0.7% and the consumption value of artificial board group is estimated decrease by 16% compared to the same period in 2017. The exports turnover is estimated increase by 14.4% compared to the same period in 2017. Wood and wood products are mainly exported to the US market increase by 15.75% compared to the same period in 2017.

Wood chips are one of the most important exports products of Vietnam. In the first 9 months of 2018, the exports turnover of wood chips reached 987 millions dollars.
The imports value of wood and wood products of most major import markets increased except Cambodia (-54.28%), Thaland (-15.85%), Malaysia (-3.95%).

Abbreviation
Executive summary
1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
2. Market overview
2.1 Definition and classification
2.2 Value chain
2.3 World wood market
2.3.1 Raw materials
2.3.2 Production
2.3.3 Trade
2.3.4 Wood market in some big countries
2.3.5 Some famous wooden furniture brand in the world
2.4 Vietnam wood market
2.4.1 History of formation and development
2.4.2 Processing technology
2.4.3 Value chain
2.4.4 Raw materials
2.4.5 Production
2.4.6 Consumption
2.4.7 Import export
2.4.8 Competitive analysis
2.4.9 Inventory
3. Risk analysis
4. Outlook and forecast
4.1 Industry development planning
4.2 Outlook
4.3 Forecast
5. Enterprise analysis
5.1 Enterprise introduction
5.2 Financial analysis
6. Appendix of financial statements

Hoa Net Company Limited
Nitori Vietnam Processing Enterprise
Shing Mark Vina Company Limited
An Cuong Wood Joint Stock Company
MDF VRG DONGWHA Wood Joint Stock Company
San Lim Furniture Vietnam Company Limited
Woodworth Wooden Company Limited
Timber Industries Company Limited
ROCHDALE SPEARS Company Limited
Poh Huat Vietnam Joint Stock Company

Figure 1: GDP growth rate by quarter, 2015 – Q3/2018
Figure 2: Production value of agriculture, forestry and fishery in 9 months (at comparative prices 2010),  2015 – 2018
Figure 3: GDP structure at current prices, 9M/2018e
Figure 4: VND/USD exchange rate, 2011 – 9/2018
Figure 5: Average interest rate, 2012- 9M/2018
Figure 6: Vietnam import-export turnover, 2011 – 9M/2018
Figure 7: Most exported commodities in 9M/2018
Figure 8: World crude oil prices, 2011 – 9/2018
Figure 9:  Value chain of wood industry
Figure 10: Production and consumption of logs in the world, 2010 – 2016
Figure 11: Production structure of industrial logs by region, 2016
Figure 12: Global logs trade, 2010 – 2017
Figure 13: The most used types of wood in South East Asia market, 2017
Figure 14: Top 10 largest industrial logs producing countries in the world, 2016
Figure 15: Top 10 largest industrial logs consuming countries in the world, 2016
Figure 16: Top 10 largest logs importing countries, 2017
Figure 17: Top 10 largest logs exporting countries, 2017
Figure 18: Global production and consumption of lumber, 2010 – 2016
Figure 19: Lumber production structure by region, 2016
Figure 20: Global lumber trade, 2010 – 2016
Figure 21: Top largest lumber exporting countries, 2017
Figure 22: Top largest lumber importing countries, 2017
Figure 23: Industrial wood production and consumption, 2011 – 2016
Figure 24: Industrial wood production structure by region, 2017
Figure 25: Industrial wood production structure by product, 2017
Figure 26: Global wood products production, 2003 – 2012
Figure 27: Global trade value of wood and wood products, 2013 – 2017e
Figure 28: Top the world’s largest wood and wood products (HS44) exporting countries by volume, 2017e
Figure 29: Top the world’s largest wood and wood products (HS44) importing countries by volume, 2017e
Figure 30: Global wood chips trade, 2010 – 2017
Figure 31: Structure of wood chips import in the world, 2017
Figure 32: Structure of world wood chip exports by country, 2017
Figure 33: Exported average price of wood chips by some large countries,  2010 – 2017e
Figure 34: Global industrial wood trade, 2010 – 2017
Figure 35: Top largest industrial wood importing countries in the world, 2016
Figure 36: Top largest industrial wood exporting countries in the world, 2016
Figure 37: Global furniture trade, 2005 – 2017
Figure 38: Top 10 largest wooden furniture exporters in the world, 2016
Figure 39: Top 10 largest wooden furniture importers in the world, 2016
Figure 40: Wood production in China, 2010 – 2017
Figure 41:Trade of wood and wooden products in China, 2010 – 2016
Figure 42: Market structure providing tropical sawn timber fro China, 2017
Figure 43: Import market structure of wooden furniture in China, 2017
Figure 44: Export market structure of wooden furniture in China, 2017
Figure 45: Export and import of wood and wood products in the USA, 2010 – 2016
Figure 46: Exports of wood and wood products in the US by region, 2016
Figure 47: Import value of wooden furniture in the US, 2013 – 6M/2018
Figure 48: Import market structure of wooden furniture in the US, 6M/2018
Figure 49: Value chain of wood processing industry in Vietnam
Figure 50: The volume of timber harvested from planted forest, 2010 – 9M/2018
Figure 51: Rubber plantation area in Vietnam, 2010 – 2017e
Figure 52: Import of wood material, 2013 – 6M/2018
Figure 53: Import value of logs and lumber into Vietnam, 2013 – 6M/2018
Figure 54: Top logs mainly imported  into Viet Nam,  6m/2018
Figure 55: Imports of logs and lumbers into Vietnam by output, 2013 – 6M/2018
Figure 56: Top coutries  providing wood for Viet Nam by value, 6M/2018
Figure 57: Top largest logs suppliers of Vietnam by output, 6M/2018
Figure 58: The most imported types of wood into Viet Nam, 6M/2018
Figure 59: Top largest lumber suppliers of Vietnam by  volume, 6M/2018
Figure 60: Top largest lumber suppliers of Vietnam by value, 6M/2018
Figure 61: Demand for material  wood in Vietnam,
2012 – 2016
Figure 62: Structure of using material wood, 2016
Figure 63: Number of enterprises and employees in wood industry, 2010 – 2016
Figure 64: Allocation of timber enterprises by region, 2010 – 2016
Figure 65: Total revenue and profit of the wood industry, 2010 – 2016
Figure 66: Scale of wood enterprises by investment capital and by labor
Figure 67: Investment capital and fixed assets of the industry, 2010 – 2016
Figure 68: Production value of wood processing industry, 2008 – 2017e
Figure 69: Allocation of wood chip producers by area, 2015
Figure 70: Wood chip production output in Vietnam, 2010 – 9M/2018
Figure 71: Artificial board production, 2010 – 6M/2018
Figure 72: Classification of enterprises by source of capital, 2015
Figure 73: Structure of wooden furniture production by product type, 6M/2018
Figure 74: Productions of wooden product, 2010 – 6M/2018
Figure 75: Giá trị Consumption đồ gỗ Việt Nam tại thị trường nội địa, 2006 – 2016e
Figure 76: Top wood enterprises having higheat revenue in 2017
Figure 77: Consumption value of wood chips, 2010 – 9M/2018
Figure 78: Consumption value of artificial boards, 2010 – 6M/2018
Figure 79: Consumption value of wooden furniture, 2010 – 6M/2018
Figure 80: Export share of furniture in Vietnam and some South East Asian countries by market, 2016
Figure 81: Structure of export wood of Viet Nam, 6M/2018
Figure 82: Export turnover of wood and wood products of Vietnam, 2011 – 9M/2018
Figure 83: Structure of export markets for wood and wood products 9M/2018
Figure 84: Structure of contribution to export of wood and wood products of Vietnam, 2013 – 9M/2018
Figure 85: Export of wood and wood products by month, 2016 – 2018
Figure 86: Wood exports to the US market, 2011 – 9M/2018
Figure 87: Export turnover of  main products to the US market, 2015 – 6M/2018
Figure 88: Wooden furniture imported value of America, 7M/2018 (USD million)
Figure 89: Export turnover of wood and wood products to China, 2011 – 9M/2018
Figure 90:  Average woodchip price of VietNam exported to China, 2015 – 2018
Figure 91: Export turnover of wood and wood products to Europe, 2009 – 9M/2018
Figure 92: Export share of wood and wood products to Europe by country, 9M/2018
Figure 93: Top exporters of wood and wood products to Europe, 9M/2018
Figure 94: Wood chip exports by volume, 6M/2018
Figure 95: Woodchip exports of Viet Nam, 2010 – 9M/2018
Figure 96: Top largest wood chip exporting enterprises, 2017
Figure 97: Structure of wood chip export markets by value, 6M/2018
Figure 98: Export value of all kinds of boards in Vietnam, 2011- 6M/2018
Figure 99: Export of boards in Vietnam, 2013 – 6M/2018
Figure 100: Export volume and value of wooden products, 2013 – 6M/2018
Firgure 101 Export value of wooden furniture, 2010 – 2017
Firgure 102 Export market structure of wooden furniture of Viet Nam, 6M/2018
Firgure 103 Import of wood and wood products of Vietnam, 2010 – 9M/2018
Firgure 104 Import market structure of wood and wood products 9M/2018
Firgure 105 Forecast of export turnover of wood and wood products of Vietnam to 2020
Firgure 106 Profit indicator, 2016 – 2017
Firgure 107 Selling expense/Net revenue ratio, 2016 – 2017
Firgure 108 General and administrative expenses/Net revenue ratio, 2016 – 2017
Firgure 109 Days’ sales in inventory, 2017
Firgure 110 Days of sales outstanding, 2017
Firgure 111 Self- financing ratio, 2016 – 2017
Firgure 112 Solvency, 2016 – 2017
Firgure 113 Profit margin, 2016 – 2017

Table 1: Value of Vietnamese wood products exported to China
Table 2: Main markets of wooden furniture providing for EU in the first 8 months of 2018
Table 3: Woodchip export volume to main market, (million ton)
Table 4: Woodchip export turover of VietNam to main markets (USD million), 2016 – 6M/2018
Table 5: Top 10 largest wooden furniture exporters, 2017
Table 6: Wood and wood products of Viet Nam exported in September and the first 9 months of 2018
Table 7: Top 10 wood enterprises having highest revenue, 2017
Table 8: Top 10 wood enterprises having highest revenue, 2017