In 2023, furniture, seating, wood chips, plywood, and pellets were the top five wood export products. Upholstered chairs accounted for 65.9% of the total export value of seating products.
The final months of the year are the time when consumers typically renovate and redecorate their homes in preparation for the New Year. And this can provide a significant boost in export orders for the Vietnamese wood industry.
Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.
Binh Duong province, Vietnam’s leading wood processing hub, achieved over 4.2 billion USD in wood product exports in the first eight months of 2024, and local wood industry firms report a surge in orders, promising a busy production time ahead, boosting both output and exports.
