Wood and wood product export from Vietnam during the first 10 months of the current year is estimated at US$10.8 billion, which is 20% less than the figure of the same period in 2022. The key reason of this situation is the lack of orders from main markets. This trend has been major since the end of 2022 and lasting through the first months of the current year.
Demand for furniture in international markets and Vietnam's supply capacity are both positive, however. From August 2023 positive dynamic is quite noticeable.
All rights reserved.