Page 28 - FDMAsia MayJun2024

26 FOCUS MAY/JUN 2024 FDM ASIA | www.fdmasia.com

freepik cubic metres worth US$14.4 million, up 38 percent in volume
and 37 percent in value compared to March 2024.
Compared to April 2023, imports were up 46 percent in
volume and 14 percent in value.

In the first four months of 2024, imports of poplar wood
were estimated at 108,800 cubic metres, worth US$39 million,
up 35 percent in volume and 17 percent in value over the
same period in 2023.
Imports of logs and sawnwood from the EU in April 2024
reached 50,000 cubic metres at a value of US$16 million, up
13 percent in volume and three percent in value compared
to March 2024.
The total volume of wood materials imported from the EU

in the first four months of 2024 reached 184,020 cubic metres,
at a value of US$59.40 million, down 3.5 percent in volume,
but up two percent in value over the same period in 2023.

Rays of optimism emerging
In late 2023 the global furniture trade outlook seemed quite
gloomy. Yet, the Vietnamese wood industry has seen certain

rays of optimism.
In the first two months of 2024 the W&WP exports to
the US, as the top export market, earned over US$1.2 billion
increased log and sawnwood imports in April 2024 resulted equivalent to 53 percent of total exports.
from the increased demand from export manufacturers. China, as the next major market, consumed US$306.3
In the first four months of 2024, imports of logs and million, up 25 percent over the same period in 2023 while
sawnwood stood at 1,421 million cubic metres worth US$472.5 Japan shared US$270 million, up 0.2 percent and EU reached
million, up 12 percent in volume and three percent in value US$106 million, up 36 percent.
over the same period in 2023. Information from many W&WP manufacturers reveals that

In the first four months of 2024, the W&WP exports to many retailers have come back to Vietnam with orders as
Canada totalled US$74.4 million, up 27 percent over the furniture inventories in their home countries are low and their
same period in 2023. economies are slowly recovering.
In April 2024 exports of kitchen furniture brought in about
US$107 million, up 31 percent compared to April 2023. JAPAN
In the first four months of 2024, exports of kitchen Enforcement of new law for decarbonised society
furniture totalled US$397 million, up 34 percent over the On 16 April 2024, the Japanese government approved a

same period in 2023. Cabinet decision that the new law for the decarbonised
Vietnam's poplar imports in April 2024 were at 44,000 society will be enforced as of 1 April 2025.