Business

China becomes Vietnam's largest wood chip export market

China became Vietnam's largest wood chip export market last year.
China becomes Vietnam's largest wood chip export market ảnh 1Vietnam exports over 9.38 million tonnes of wood chips to the Chinese market last year. (Photo: vnbusiness.vn)
Hanoi (VNS/VNA) - China became Vietnam's largest wood chipexport market last year.

Vietnam exports wood chips to 13 markets in 2023. China, Japan andthe Republic of Korea are the country's three main wood chip export markets.

Vietnam exported over 9.38 million tonnes of wood chips to theChinese market in 2023, reaching over 1.43 billion USD, accounting for 65.1% involume and 64.7 in value.

In the Chinese market, the average export price of wood chipsdecreased from 183 - 185 USD per tonne at the beginning of last year to lessthan 140 USD per tonne in the middle of the year, then rose slightly in thelast months of the year but remained below 150 USD per tonne.

Ranking second is the Japanese market. The price of wood chipsdeclined by up to 36 USD per tonne last year.

Specifically, the price of wood chips exported to this market was 181USD per tonne in January last year but fell to 145 USD by December.

Wood chip exports to the Korean market reached 548,590 tonnes,reaching 91.88 million USD, accounting for 3.8% in volume and 4.1% in value.

Similar to the Japanese and Chinese markets, export prices to theKorean market have decreased by 27 USD per tonne last year with strongfluctuations during the year.

The market recorded an average export price of 200 USD per tonnein January, 2023, but the price decreased continuously to bottom out at 136USD, but bounced back to 172 USD in the last months of the year.

The Vietnam Timber and Forest Product Association said that thedemand for imported wood chips in the Chinese market would tend to continue todecline in the near future, leading to a decline in chip export prices in thismarket.

In general, the export market structure of wood chips will notchange significantly in the near future.

However, the wood chip industry will continue to compete in rawmaterials with the pellet industry, especially in northern provinces becauseplanted forest wood is the main input for both industries in this area.

Therefore, businesses and management agencies need to considerinvesting in building up raw material sources to ensure a stable supply forproduction and export./.
VNA
#wood chip #China #Japan #Vietnam Timber and Forest Product Association #updated Vietnam news #Vietnamplus #Vietnam News Agency China Vietnam
Follow VietnamPlus

Related News

Wood, furniture industry advised to improve added value

Wood, furniture industry advised to improve added value

Experts gathered at the Vietnam wood and furniture forum in Ho Chi Minh City on March 6 to discuss ways ahead for the sector which is facing formidable challenges posed by global economic slowdown, widespread inflation and conflicts.
Wood, furniture firms advised to take advantage of e-commerce

Wood, furniture firms advised to take advantage of e-commerce

To increase brand recognition and to access more customers, Vietnamese wood, furniture, and handicraft businesses need to consider and invest systematically in online sales activities, diversifying sales channels in their business strategies, Vice Chairwoman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Duong Minh Tue has said.

See more

Students practice microcontroller programming at the Vietnam-Korea College of Technology in Bac Ninh province (Photo: VNA)

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Lawmakers on August 9 discuss a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institutions. (Photo: VNA)

Lawmakers discuss measures to ensure banking system safety, support digital economy

The draft law sets out provisions to control conflicts of interest when commercial banks act as agents managing collateral for corporate bonds. In this regard, Deputy Le Van The of Ninh Binh province said he supported the move, noting that it could provide a more professional approach to collateral management and help strengthen investor confidence if properly regulated.

A company in Da Nang operates a customer relationship management system supported by AI chatbots. (Photo: VNA)

AI drives rise of sleepless enterprises in Vietnam

The concept of a sleepless enterprise does not necessarily mean making employees stay on the job all the time. Instead, it's about building intelligent systems that can respond to customers, process transactions, monitor operations, analyse data and flag risks continuously.

Head of the Vietnam Trade Office in Australia Tran Thi Thanh My (Photo: VNA)

Vietnam, Australia eye 20 bln USD trade target

The head of the Vietnam Trade Office in Australia hoped that the visit by Party General Secretary and State President To Lam will mark a new milestone, opening the door for firms on both sides to forge stronger links and launch concrete cooperation agendas, helping hit that 20 billion USD trade goal sooner rather than later.

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.