VIETNAM WOOD INDUSTRY REPORT, Q2/2018 · 2. Market overview 2.4 Vietnam market –2.4.3. Production...
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1 VIETNAM WOOD INDUSTRY REPORT, Q2/2018
Transcript of VIETNAM WOOD INDUSTRY REPORT, Q2/2018 · 2. Market overview 2.4 Vietnam market –2.4.3. Production...
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VIETNAM WOOD INDUSTRY REPORT, Q2/2018
Abbreviation 3 2.3.1 History of formation and development 46
Executive summary 4 2.3.2 Value chain 47
1. Business environment 7 2.4.3 Production 48
1.1 Macroeconomic situation 8 2.4.4 Consumption 57
1.2 Legal framework 13 2.4.5 Import export 61
2. Market overview 25 3 Industry planning and outlook 76
2.1 Definition and classification 25 3.1 Industry development planning 76
2.2 Value chain 28 3.2. Outlook 78
2.3 World wood market 30 4 Enterprise analysis 81
2.3.1 Production 31 4.1 Enterprise introduction 81
2.3.2 Trade 37 4.2 Financial analysis 83
2.4 Vietnam wood market 45
Content
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3
Content
GSO General Statistics Office of Vietnam CO., LTD Company Limited
GDVC General Department of Vietnam Customs IZ Industrial Zone
EUTR EU Timber Regulation SBV State Bank of Vietnam
CSIL Center for Industrial Studies IMEX Import Export
JSC Joint Stock Company VA Value Added
EVFTA EU – Vietnam Free Trade Agreement
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Executive summary
Group of industrial wood (artificial boards) includes products such as
plywood, wood chip and fiberboard. Artificial board is the product
having the fastest growth rate,
Over the past 15 years, global wood chip trade has increased by nearly
75%, mainly due to the expansion of pulp production in China. China
and Japan are the two largest woodchip importing countries, followed
by Finland, Sweden and Turkey.
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Executive summary
Vietnam's wood processing industry has become a major export
commodity, ranking fourth only to coffee, seafood and machinery and
spare parts.
In 2017, Vietnam's concentrated forestation area was estimated at 241.3
thousand hectares, an increase of 1.2% compared to 2016.
The industrial production index of wood processing industry is estimated
at VND 266 trillion, up slightly by 8.2% compared to 2016.
Production of wood chips in Q1/2018 is estimated at 1.329 thousand
tons, down 22% over the same period in 2017..
According to the Vietnam Chamber of Commerce and Industry (VCCI),
the domestic high-end furniture market in 2017 is worth USD 2.5 billion,
with 80% of European imports and 20% of domestic production.
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Executive summary
Vietnam wood industry has many advantages compared to those of
other countries in the region due to
The US is Vietnam's most important timber export market. US trade
policy is moving in the direction of reducing trade deficit, trade
protection, encouraging domestic production.
With the FTAs in effect since 2018, the timber industry will enter a new
phase with many prospects for export growth.
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1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
Content
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1. Business environment
1.1 Macroeconomic situation
Source: VIRAC, GSO
Source: VIRAC, GSO
GDP growth rate by quarter, 2015 - Q1/2018
VND billion
Production value of agriculture, forestry and fishery in Q1
(at comparative prices 2010), 2015 - 2018
Source: VIRAC, GSO
GDP structure at current prices, Q1/2018eContent is intentionally removed for demo purpose
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1. Business environment
1.1 Macroeconomic situation
USD
billion
Source: VIRAC, GDVC
Source: VIRAC, GDVC, GSO
USD
billion
Most exported commodities, Q1/2018
Vietnam import-export value, 2011 - Q1/2018
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1. Business environment
1.1 Macroeconomic situation
Source: VIRAC, SBV
VND/USD exchange rate, 2013-3/2018Content is intentionally removed for demo purpose
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1. Business environment
1.1 Macroeconomic situation
Oil prices
Source: VIRAC, Indexmundi
USD/barrel
World crude oil prices, 2011 - 3/2018
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Investment in wood exploitation and processing
1. Business environment
1.1 Macroeconomic situation
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1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
Content
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Domestic policies
1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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International policies
1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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1. Business environment
1.2. Legal framework
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Other regulations when exporting wood to European markets:
1. Business environment
1.2. Legal framework
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The impact of the Brexit event on Vietnamese timber exports
1. Business environment
1.2. Legal framework
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2. Market overview
2.1 Definition and classification
2.2 Value chain
2.3 World wood market
2.4 Vietnam wood market
Content
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2. Market overview
2.1 Definition and classification
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2. Market overview
2.1 Definition and classification
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2. Market overview
2.1 Definition and classification
2.2 Value chain
2.3 World wood market
2.4 Vietnam wood market
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Value chain of wood industry
2. Market overview
2.2 Value chain of the industry
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2. Market overview
2.1 Definition and classification
2.2 Value chain
2.3 World wood market
2.4 Vietnam wood market
Content
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2. Market overview
2.3 World wood market – 2.3.1. Production
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Million
m³
2. Market overview
2.3 World wood market – 2.3.1. Production
Source: VIRAC, FAO
Source: VIRAC, FAO
Industrial wood production and consumption, 2011 - 2016
Industrial wood production structure by region, 2016
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2. Market overview
2.3 World wood market – 2.3.1. Production
Source: VIRAC, FAO
Industrial wood production structure by product, 2011 - 2015
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2. Market overview
2.3 World wood market – 2.3.1. Production
Source: VIRAC, FAO
Source: VIRAC, FAO
Top largest industrial wood producing countries in the world, 2016
Top largest industrial wood consuming countries in the world, 2016
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2. Market overview
2.3 World wood market – 2.3.1. Production
Source: VIRAC,CSIL
Global wood products production, 2003 - 2012
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2. Market overview
2.3 World wood market – 2.3.1. Production
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Source: VIRAC,CSIL
USD
billion
2. Market overview
2.3 World wood market – 2.3.2. Trade
Global trade value of wood products, 2008 - 2015
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Source: VIRAC, Forestryconnect
2. Market overview
2.3 World wood market – 2.3.2. Trade
Top the world's largest wood processing and exporting countries by volume, 2015
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2. Market overview
2.3 World wood market – 2.3.2. Trade
Source: VIRAC, Trade map
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2. Market overview
2.3 World wood market – 2.3.2. Trade
Source: VIRAC, Trade map
Source: VIRAC, Trade map
Global wood chips trade, 2010 - 2016
Structure of wood chips import in the world, 2016
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Source: VIRAC, Trademap
2. Market overview
2.3 World wood market – 2.3.2. Trade
tructure of world wood chip exports, 2016
Average price of wood chips exported by some large
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2. Market overview
2.3 World wood market – 2.3.2. Trade
Source: VIRAC, FAO
Source: VIRAC, FAOSource: VIRAC, FAO
Top largest industrial wood importing countries in the world, 2016 Top largest industrial wood exporting countries in the world, 2016
Global industrial wood trade, 2010 - 2015
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USD
billion
2. Market overview
2.3 World wood market – 2.3.2. Trade
Source: VIRAC,CSIL
Global furniture trade, 2005 – 2017F
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Source: VIRAC, Trademap
Source: VIRAC, Trademap
2. Market overview
2.3 World wood market – 2.3.2. Trade
Top 10 largest wooden furniture exporters in the world, 2016
Top 10 largest wooden furniture importers in the world, 2016
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2. Market overview
2.1 Definition and classification
2.2 Value chain
2.3 World wood market
2.4 Vietnam wood market
Content
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History of wood processing industry in Vietnam
2. Market overview
2.4 Vietnam market – 2.3.1. History of formation and development of the industry
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Value chain of wood processing industry in Vietnam
2. Market overview
2.4 Vietnam market – 2.3.2. Value chain of Vietnam wood industry
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Source: VIRAC, GSO
Source: VIRAC, GSO
2. Market overview
2.4 Vietnam market – 2.4.3. Production
Number of enterprises and employees in wood industry, 2010 - 2016
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Source: VIRAC, GSO
Source: VIRAC, GSOSource: VIRAC, GSO
2. Market overview
2.4 Vietnam market – 2.4.3. Production
VND trillionScale of wood enterprises by investment and by
labor, 2015
Investment capital and fixed assets of the industry, 2010 - 2016
Total revenue and profit of the wood industry, 2010 - 2016
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2. Market overview
2.4 Vietnam market – 2.4.3. Production
Source: VIRAC, GSO
VND billion Production value of wood processing industry, 2008 - 2017e
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Wood chip industry
2. Market overview
2.4 Vietnam market – 2.4.3. Production
Allocation of wood chip producers by area, 2015
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2. Market overview
2.4 Vietnam market – 2.4.3. Production
Source: VIRAC, GSO
1000 tons
Wood chip production output in Vietnam, 2010 - Q1/2018
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Artificial board industry (industrial wood)
2. Market overview
2.4 Vietnam market – 2.4.3. Production
Source: VIRAC, GSO
1000 m³Artificial board production, 2010 - Q1/2018
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2. Market overview
2.4 Vietnam market – 2.4.3. Production
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2. Market overview
2.4 Vietnam market – 2.4.3. Production
Classification of enterprises by source of capital, 2015
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Source: VIRAC, GSO
2. Market overview
2.4 Vietnam market – 2.4.3. Production
1000 items
Source: VIRAC, GSO
Structure of wooden furniture production by product type, Q1/2018
Wooden product production, 2010 - Q1/2018
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Domestic consumption market of wood and wood products
2. Market overview
2.4 Vietnam market – 2.4.4. Consumption
Source: VIRAC, Vietnam Timber and Forest Product
Association
Giá trị Consumption đồ gỗ Việt Nam tại thị trường nội địa, 2006 – 2016eContent is intentionally removed for demo purpose
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2. Market overview
2.4 Vietnam market – 2.4.4. Consumption
Source: VIRAC, Tổng cục Thuế
Top largest timber enterprises in 2016
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2. Market overview
2.4 Vietnam market – 2.4.4. Consumption
Source: VIRAC, GSO
Source: VIRAC, GSO
Consumption value of wood chips, 2010 - Q1/2018
Consumption value of artificial boards, 2010 - Q1/2018
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2. Market overview
2.4 Vietnam market – 2.4.4. Consumption
Source: VIRAC, GSO
VND
billion
Consumption value of wooden furniture, 2010 - Q1/2018
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Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Export share of furniture in Vietnam and some South
East Asian countries by market, 2016
Structure of wood and wood products exported by category, 2017
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USD billion
Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC
Export value of wood and wood products of
Vietnam, 2011 - Q1/2018
Structure of export markets for wood and wood products Q1/2018
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Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVCSource: VIRAC, GDVC
USD
million
Export value of wood furniture and wood products of
Vietnam, Q1/2017 - Q1/2018Export of wood and wood products by month, 2016 - 2018
Structure of contribution to export of wood and wood products of
Vietnam, 2013 - Q1/2018
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Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
USD
million
Source: VIRAC, GDVC
Wood product exports to the US market, 2015 - 2017
Wood exports to the US market, 2011 – Q1/2018
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Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC
USD
million
Commodity 2015 2016 2017
Value of Vietnamese wood products exported to ChinaUnit: USD million
Export turnover of wood and wood products to China, 2011 - Q1/2018
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Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC
USD million
Export share of wood and wood products to Europe by country, Q1/2018
Export turnover of wood and wood products to Europe, 2009 - Q1/2018
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2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Major commodities exported to the EU, Q1/2018 (Unit: USD thousand)
Source: VIRAC, GDVCSource: VIRAC, GDVC
USD thousand
Top exporters of wood and wood products to Europe, Q1/2018
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2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Strengths Weaknesses
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2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Opportunities Threats
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Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
USD million
Wood chip exports by volume, 2010 - 2017
Wood chip exports by value, 2010 - 2017
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Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC
Source: VIRAC, GDVC
Top largest wood chip exporting enterprises, 2017
Structure of wood chip export markets by volume, 2017 Structure of wood chip export markets by value, 2017
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Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
USD
million
Export value of all kinds of boards in Vietnam, 2011-2017
Export of boards in Vietnam, 2013 - 2017
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Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC, Vietnam Timber and Forest
Product AssociationExport value of wooden furniture, 2010 - 2017
Export volume and value of wooden products, 2013 - 2017
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2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Export
Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
Source: VIRAC, GDVC, Vietnam Timber and Forest
Product Association
Top 10 largest wooden furniture exporters, 2017
Export market structure of wooden furniture, 2017
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Source: VIRAC, GDVC
Source: VIRAC, GDVC
2. Market overview
2.4 Vietnam market – 2.4.5. Import export – Import
USD
million
Import of wood and wood products of Vietnam, 2010 - Q1/2018
Import market structure of wood and wood products Q1/2018
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3. Industry planning and outlook
3.1 Industry development planning
3.2 Outlook
Content
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Industry development planning
3. Industry planning and outlook
3.1. Industry development planning
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3. Industry planning and outlook
3.1 Industry development planning
3.2 Outlook
Content
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3. Industry planning and outlook
3.2. Outlook
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3. Industry planning and outlook
3.2. Outlook
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4. Enterprise analysis
4.1 Enterprise introduction
4.2 Financial analysis
Content
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CompanyTotal assets
(VND billion)
Revenue
(VND billion)General information
Shing Mark Vina Co., Ltd.
Nitori Vietnam Processing
Enterprise
San Lim Furniture Vietnam
Co., Ltd
Poh Huat Vietnam JSC
Woodworth Wooden
(Vietnam) Co., Ltd
An Cuong Wood JSC
Timber Industries Co., Ltd.
Rochdale Spears Co., Ltd.
Johnson Wood Joint Stock
Company
4. Enterprise analysis
4.1. Enterprise introduction
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4. Enterprise analysis
4.1 Enterprise introduction
4.2 Financial analysis
Content
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4. Enterprise analysis
4.2. Financial analysis
Gross profit margin, 2015 - 2016
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4. Enterprise analysis
4.2. Financial analysis
Cost of sales/Net revenue ratio
General and administrative expenses/Net revenue ratio
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.
4. Enterprise analysis
4.2. Financial analysis
Self-financing ratio, 2015 - 2016
Fixed assets turnover, 2015 - 2016
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4. Enterprise analysis
4.2. Financial analysis
Average charge, 2015 - 2016
Inventory days, 2015 - 2016
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4. Enterprise analysis
4.2. Financial analysis
Solvency, 2015 - 2016
Return ratio, 2015 - 2016
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Report Disclaimer
Report Disclaimer
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