VIETNAM WOOD INDUSTRY

Vietnam wood processing industry has become a major export commodity, ranking the fourth position after coffee, fishery and machinery components. Vietnam has become the leading wood exporter in Southeast Asia and the seventh largest exporter of wood in the world.

Wood exploited in 6T/2018 increased by 9.1% over the same period in 2017. In 6T/2018, the import of raw material wood in Vietnam was estimated at x.xx million m³ of logs with a turnover of xxx million USD. Imports of logs and sawn timber were US $ xxx and US $ xxx million, respectively, while the corresponding figures were x.xxx and x.xxx million m³ respectively.

Wood chips production in 6T/2018 decreased by 17% over the same period of 2017. In 6T/2018, the production of artificial boards increased 15.7% over the same period in 2017. Wood products production fell slightly by 5.7% in 6T/2018 compared with the same period of 2017. Chair and table are still the most accounted products with 37.2% and 15.8% respectively. The consumption of wood chips in 6T/2018 decreased by 11% over the same period in 2017. Consumption value of artificial plywood in 6T/2018 decreased by 23.7% over the same period in 2017.

In the first six months of 2018, wood and wood products export turnover of FDI enterprises increased 4.8% compared to the same period last year, accounting for 43.2% of total export turnover of wood and wood products of the country. Import value in 6/2018 was estimated at 204 million USD, cumulative import in the first 6 months increased 1.9% over the same period in 2017.

 

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 Co., Ltd.
Nitori Vietnam Processing Enterprise
Shing Mark Vina Co., Ltd.
An Cuong Wood JSC
MDF VRG DONGWHA Wood Co., JSC
San Lim Furniture Vietnam Co., Ltd.
Woodworth Wooden Co., Ltd
Timber Industries Co., Ltd.
ROCHDALE SPEARS Co., Ltd.
Poh Huat Vietnam  Co., Ltd.

List of figures
Figure 1: Production value of agriculture, forestry and fishery in 6M (at comparative prices 2010), 2015 – 2018
Figure 2: GDP growth rate by quarter, 2015 – Q2/2018
Figure 3: GDP structure at current prices, 6M/2018e
Figure 4: Vietnam import-export value, 2011 – 6M/2018
Figure 5: Most exported commodities, 6M/2018
Figure 6: VND/USD exchange rate, 2013-6/2018
Figure 7: World crude oil prices, 2011 – 6/2018
Figure 8: Production and consumption of logs in the world, 2010 – 2016
Figure 9: Production structure of industrial logs by region, 2016
Figure 10: Global wood products production, 2003 – 2012
Figure 11: Top the world’s largest wood processing and exporting countries by volume, 2015
Figure 12: Global wood chips trade, 2010 – 2017
Figure 13: Structure of wood chips import in the world, 2017
Figure 14: Structure of world wood chip exports, 2017
Figure 15: Average price of wood chips exported by some large countries, 2010 – 2016
Figure 16: Top largest industrial wood importing countries in the world, 2016
Figure 17: Global industrial wood trade, 2010 – 2017
Figure 18: Top largest industrial wood exporting countries in the world, 2016
Figure 19: Global furniture trade, 2005 – 2017F
Figure 20: Top 10 largest wooden furniture exporters in the world, 2016
Figure 21: Top 10 largest wooden furniture importers in the world, 2016
Figure 22: Number of enterprises and employees in wood industry, 2010 – 2016
Figure 23: Scale of wood enterprises by investment and by labor
Figure 24: Total revenue and profit of the wood industry, 2010 – 2016
Figure 25: Investment capital and fixed assets of the industry, 2010 – 2016
Figure 26: Production value of wood processing industry, 2008 – 2017e
Figure 27: Allocation of wood chip producers by area, 2015
Figure 28: Wood chip production output in Vietnam, 2010 – 6M/2018
Figure 29: Artificial board production, 2010 – 6M/2018
Figure 30: Structure of wooden furniture production by product type, 6M/2018
Figure 31: Wooden product production, 2010 – 6M/2018
Figure 32: Consumption value of Vietnam wood in domestic market, 2006 – 2016e
Figure 33: Top largest timber enterprises in 2017
Figure 34: Consumption value of wood chips, 2010 – 6M/2018
Figure 35: Consumption value of artificial boards, 2010 – 6M/2018
Figure 36: Consumption value of wooden furniture, 2010 – 6M/2018
Figure 37: Export share of furniture in Vietnam and some South East Asian countries by market, 2016
Figure 38: Structure of wood and wood products exported by category, 6M/2018
Figure 39: Export value of wood and wood products of Vietnam, 2011 – 6M/2018
Figure 40: Structure of export markets for wood and wood products 6M/2018
Figure 41: Structure of contribution to export of wood and wood products of Vietnam, 2013 – 6M/2018
Figure 42: Export of wood and wood products by month, 2016 – 2018
Figure 43: Wood exports to the US market, 2011 – 6M/2018
Figure 44: Wood product exports to the US market, 2015 – 6M/2018
Figure 45: Export turnover of wood and wood products to China, 2011 – 6M/2018
Figure 46: Export turnover of wood and wood products to Europe, 2009 – 6M/2018
Figure 47: Export share of wood and wood products to Europe by country, 6M/2018
Figure 48: Top exporters of wood and wood products to Europe, Q1/2018
Figure 49: Structure of wood chip export markets by volume, 6M/2018
Figure 50: Wood chip exports of Vietnam, 2010 – 6M/2018
Figure 51: Top largest wood chip exporting enterprises, 2017
Figure 52: Structure of wood chip export markets by value, 6M/2018
Figure 53: Export value of all kinds of boards in Vietnam, 2011-6M/2018
Figure 54: Export of boards in Vietnam, 2013 – 6M/2018
Figure 55: Export volume and value of wooden products, 2013 – 6M/2018
Figure 56: Export value of wooden furniture, 2010 – 6M/2018
Figure 57: Export market structure of wooden furniture, 6M/2018
Figure 58: Import of wood and wood products of Vietnam, 2010 – 6M/2018
Figure 59: Import market structure of wood and wood products 6M/2018
Figure 60: Gross profit margin, 2016 – 2017
Figure 61: Cost of sales/Net revenue ratio 2016 – 2017
Figure 62: Cost of administration/Net revenue ratio 2016 – 2017
Figure 63: Inventory days, 2017
Figure 64: Average charge, 2017
Figure 65: Self-financing ratio, 2016 – 2017
Figure 66: Solvency, 2016 – 2017
Figure 67: Return ratio, 2016 – 2017

List of tables
Table 1: Value of Vietnamese wood products exported to China
Table 2: Major commodities exported to the EU, Q1/2018 (Unit: USD thousand)
Table 3: Top 10 largest wooden furniture exporters, 2017