VIETNAM WOOD INDUSTRY

The global wood industry has grown strongly in recent years, The consumption of wood and wood products increased sharply due to the economic recovery in main consuming countries such as the US and EU. In the period of 2012-2016, the global wood processing market achieved an annual growth rate (CAGR) of 7.2% and was expected to achieve a CAGR of 9.2% in the period of 2016-2020.

Vietnam’s wood processing industry has become a key export industry, ranking fourth only after coffee, seafood and machinery, spare parts. Generally in Q1 / 2019, the area of ​​concentrated plantation nationwide was estimated to increase by 1.4% compared to the same period last year. The domestic supply of timber plantation plays an important role in producing exported goods.

Vietnam has become the leading wood exporter in Southeast Asia and the seventh in the world in exporting wood products. In Q1 / 2019, wood and wood products export turnover was estimated to increase 16.2% over the same period in 2018. Wood and wood products are mainly exported to the US market, accounting for 45.38% of the proportion and rising 34.6% compared to the same period last year.

In Q1 / 2019, the woodchip production was estimated at nearly one third of the whole 2018, and increased by 59.6% over the same period last year. Woodchip is one of Vietnam’s most important exports, in Q1 / 2019, the exports reached 371.6 million USD.

Vietnam’s wood industry has many advantages compared to the wood industry in the region. With FTAs ​​taking effect from 2019, the wood industry will enter a new period with many export growth prospects. With the export prospects of the wood processing industry, the industry associations and business associations agreed to set the total production value of the wood processing industry in 2019 to US $ 10.2 billion.

Abbreviation
Executive summary
1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
2. Market overview
2.1 Definition and classification
2.2 Value chain
2.3 World wood market
2.4 Vietnam wood market
2.4.1 History of formation and development
2.4.2 Value chain
2.4.3 Production
2.4.4 Consumption
2.4.5 Import export
3. Outlook and forecast
3.1 Industry development planning
3.2 Outlook
4. Enterprise analysis
4.1 Enterprise introduction
4.2 Financial analysis

Wanek furniture Co,. Ltd
Viet Nam Nitori production Co
Shing Mark Vina Co,. Ltd
An Cuong wood JSC
MDF VRG DONGWHA Wood JSC
Viet Nam San Lim Furniture Co,. Ltd
Viet Nam Woodwoth Wooden Co, Ltd
ROCHDALE SPEARS Co,. Ltd
Viet Nam POH HUAT JSC
Timber Industries Co,. Ltd

List of figures
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Production value of agriculture, forestry and fishery in Q1 (current price), 2016 – 2019
Figure 3: GDP structure at current prices, Q1/2019
Figure 4: VND/USD exchange rate, 1/2013 – Q1/2019
Figure 5: Average interest rate, 1/2013 – Q1/2019
Figure 6: Vietnam import-export turnover, 2011 – 2018
Figure 7: Most exported commodities in Q1/2019
Figure 8: Monthly CPI fluctuation , 1/2015 – 3/2019
Figure 9: World crude oil prices, 1/2011 – 3/2019
Figure 10: Industrial wood production and consumption, 2011-2030f
Figure 11: Industrial wood production structure by region, 2017
Figure 12: Industrial wood production structure by product, 2017
Figure 13: Number of enterprises and employees in wood industry, 2010 – 2017
Figure 14: Allocation of timber enterprises by region, 2017e
Figure 15: Scale of wood enterprises by investment capital and by labor, 2016
Figure 16: Total revenue and profit of the wood industry, 2010 – 2017e
Figure 17: Investment capital and fixed assets of the industry, 2010 – 2017e
Figure 18: Production value of wood processing industry, 2008 – 2018e
Figure 19: Wood chip production output in Vietnam, 2010 – Q1/2019
Figure 20: Artificial board production, 2010 – Q1/2019
Figure 21: Structure of wooden furniture production by product type, Q1/2019e
Figure 22: Productions of wooden product, 2010 – Q1/2019e
Figure 23: Value of furniture in the domestic market, 2006-2018e
Figure 24: Top wood enterprises having highest revenue in 2018
Figure 25: Consumption value of wood chips, 2010 – Q1/2019e
Figure 26: Consumption value of artificial boards, 2010 – Q1/2019e
Figure 27: Consumption value of wooden furniture, 2010 – Q1/2019e
Figure 28: Structure of export wood products of Vietnam, Q1 / 2019
Figure 29: Export turnover of some wood products, Q1 / 2019
Figure 30: Export turnover of wood and wood products of Vietnam, Q1/2019
Figure 31: Structure of export markets for wood and wood products Q1/2019
Figure 32: Structure of contribution to export of wood and wood products of Vietnam, 2013 – Q1/2019
Figure 33: Export of wood and wood products by month, 2016 – Q1/2019
Figure 34: Wood exports to the US market, 2011 – 9M/2018
Figure 35: Export turnover of main products to the US market, 2015 – 6M/2018
Figure 36: Wooden furniture imported value of America, M1/2019
Figure 37: Export turnover of wood and wood products to China, 2011 – Q1/2019
Figure 38: Export turnover of wood and wood products to Europe, 2009 – Q1/2019e
Figure 39: Export share of wood and wood products to Europe by country, Q1/2019e
Figure 40: Top exporters of wood and wood products to Europe, 2018e
Figure 41: Woodchip exports of Viet Nam, 2010 – Q1/2019e
Figure 42: Wood chip exports by volume, 2018
Figure 43: Top largest wood chip exporting enterprises, 2017
Figure 44: Export value of all kinds of boards in Vietnam, 2011 – 2018
Figure 45: Export of boards in Vietnam, 2013 – Q1/2019e
Figure 46: Export volume and value of wooden products, 2013 – Q1/2019e
Figure 47: Export value of wooden furniture, 2010 – Q1/2019e
Figure 48: Import of wood and wood products of Vietnam, 2010 – Q1/2019
Figure 49: Import market structure of wood and wood products Q1/2019
Figure 50: Profit indicator, 2017 – 2018
Figure 51: Selling expense/Net revenue ratio, 2016 – 2017
Figure 52: General and administrative expenses/Net revenue ratio, 2016 – 2017
Figure 53: Days’ sales in inventory, 2017-2018
Figure 54: Days of sales outstanding, 2017-2018
Figure 55: Self- financing ratio, 2017 – 2018
Figure 56: Solvency, 2017 – 2018
Figure 57: Profit margin, 2017 – 2018

List of tables
Table 1: FDI enterprises by categories and countries of wood industry, 2018e
Table 2: Value of Vietnamese wood products exported to China 2015 – 2018
Table 3: Main markets of wooden furniture providing for EU in the first 10 months of 2018
Table 4: Woodchip export volume to main market, (million ton)
Table 5: Wood and wood products of Viet Nam exported in Q1/2019 – Q1/2018
Table 6: Top 10 largest wooden furniture exporters, 2017
Table 7: Main wood and wooden products Vietnam import, 2018
Table 8: Top 10 wood enterprises having highest revenue, 2018