DUBLIN–(BUSINESS WIRE)–The “Analysis Report on Vietnam’s Wood Furnishings Business 2022-2031” report has been added to ResearchAndMarkets.com’s providing.
At current, the foremost markets for Vietnam’s wooden and wooden merchandise are the U.S., Japan, China, South Korea, and the EU.
2021 exports of Vietnam’s wooden and wooden merchandise to those 5 main markets account for about 90% of Vietnam’s complete wooden and wooden merchandise exports. In keeping with this evaluation, Vietnam’s most important exports of wooden and wooden merchandise are: picket furnishings, seats, particle board, plywood, and veneer.
At the moment, Vietnam’s wooden merchandise are extra aggressive resulting from decrease labor prices, decrease taxes, and sure preferential tax charges when exporting, and many others.
Regardless of COVID-19, Vietnam stays the world’s second largest furnishings exporter (after China) and surpassed China as the most important furnishings exporter to the U.S. In 2021, Vietnam exported $9.3 billion of picket furnishings to the U.S., up 22% year-over-year.
Regardless of the weak efficiency of Vietnam’s main export commodities in 2021, the amount of wooden and wooden merchandise elevated considerably year-on-year. Throughout this era, the US, Japan, China, the EU and South Korea accounted for 90% of Vietnam’s complete forestry exports, whereas the EU-Vietnam Free Commerce Settlement (EVFTA) comes into impact in August 2020, paving the best way for Vietnam’s wooden exports and additional penetration of merchandise into the European market, in accordance with Wonjer Consulting’s evaluation.
In 2021, Vietnam’s exports of wooden merchandise and furnishings will probably be roughly US$14.5 billion, up 17.2% from 2020. 2021, Vietnam will export wooden merchandise and furnishings to a complete of 40 international locations and areas. The highest 10 main locations by export worth are the US (US$8.77 billion), China (US$1.5 billion), Japan (US$1.44 billion), South Korea (US$890 million), United Kingdom (US$270 million), and many others.
The analyst Vietnam’s furnishings business to proceed to develop and export worth to rise from 2022-2031 as COVID-19 is successfully managed. For world traders, there are a lot of funding alternatives in Vietnam’s furnishings business.
Contents coated:
- Overview of Vietnam’s picket furnishings business
- Financial setting and coverage setting for picket furnishings in Vietnam
- What’s the impression of COVID-19 on the picket furnishings business in Vietnam?
- Vietnam Wood Furnishings Market Dimension 2016-2021
- Vietnam Wood Furnishings Market Forecast 2022-2031
- Import and Export Evaluation of Wood Furnishings in Vietnam
- Evaluation of Main Vietnam Wood Furnishings Producers
- Key Drivers and Market Alternatives in Vietnam Wood Furnishings Business
- What are the important thing drivers, challenges and alternatives for the picket furnishings business in Vietnam through the forecast interval 2022-2031?
- What’s the anticipated income of Vietnam picket furnishings market through the forecast interval 2022-2031?
- Which phase of the Vietnam Wood Furnishings market is predicted to dominate the market in 2031?
- What are the foremost antagonistic elements dealing with the picket furnishings business in Vietnam?
Key Matters Coated:
1 Overview of Vietnam
1.1 Geographical State of affairs
1.2 Demographics of Vietnam
1.3 Economic system of Vietnam
1.4 Minimal Wage in Vietnam 2011-2021
1.5 Impression of COVID-19 on Vietnam’s Wood Furnishings Business
2 Improvement Surroundings of Wood Furnishings Business in Vietnam
2.1 Temporary historical past of the event of picket furnishings in Vietnam
2.2 Varieties of picket furnishings in Vietnam
2.3 Coverage Surroundings of Vietnam Wood Furnishings Business
3 Provide and Demand State of affairs of Wood Furnishings Business in Vietnam
3.1 Provide State of affairs of Wood Furnishings Business in Vietnam
3.2 Demand State of affairs of Wood Furnishings Business in Vietnam
4 Import and export of picket furnishings business in Vietnam
4.1 Vietnam picket furnishings business import standing
4.1.1 Vietnam picket furnishings import quantity and import worth
4.1.2 Principal import sources of picket furnishings in Vietnam
4.2 Export of picket furnishings in Vietnam
4.2.1 Vietnam’s picket furnishings export quantity and export worth
4.2.2 Principal Export Locations of Wood Furnishings in Vietnam
5 Market Competitors in Vietnam’s Wood Furnishings Business
5.1 Obstacles to entry in Vietnam’s picket furnishings business
5.1.1 Branding Barrier
5.1.2 High quality Barrier
5.1.3 Capital Barrier
5.2 Aggressive construction of the Vietnamese picket furnishings business
5.2.1 Bargaining Energy of Wood Furnishings Suppliers
5.2.2 Bargaining Energy of Customers
5.2.3 Competitors within the Wood Furnishings Business in Vietnam
5.2.4 Potential Entrants within the Wood Furnishings Business
5.2.5 Substitutes for Wood Furnishings
6 Evaluation of Main Wood Furnishings Model Corporations in Vietnam
6.1 Isseiki Furnishings Firm Restricted
6.1.1 Improvement Historical past of Isseiki Furnishings Firm Restricted
6.1.2 Principal Merchandise of Isseiki Furnishings Firm Restricted
6.1.3 Operation Mannequin of Isseiki Furnishings Firm Restricted
6.2 Forexco Quang Nam
6.2.1 Historical past of Forexco Quang Nam
6.2.2 Principal Merchandise of Forexco Quang Nam
6.2.3 Forexco Quang Nam’s Operation Mannequin
6.3 Thien Phat Industrial Manufacturing Development Firm Restricted
6.3.1 Historical past of Thien Phat Industrial Manufacturing Development Firm Restricted
6.3.2 Principal Merchandise of Thien Phat Industrial Manufacturing Development Firm Restricted
6.3.3 Operational Mannequin of Thien Phat Industrial Manufacturing Development Firm Restricted
6.4 KOBE Viet Service Buying and selling Firm Restricted
6.4.1 Historical past of KOBE Viet Service Buying and selling Firm Restricted
6.4.2 Principal Merchandise of KOBE Viet Service Buying and selling Firm Restricted
6.4.3 Operational Mannequin of KOBE Viet Service Buying and selling Firm Restricted
6.5 Saigon Mechanics Business Co., Ltd
6.5.1 Historical past of Saigon Mechanics Business Co., Ltd
6.5.2 Principal Merchandise of Saigon Mechanics Business Co., Ltd
6.5.3 Operation Mannequin of Saigon Mechanics Business Co.
6.6 Dinh Huong Furnishings Firm Restricted
6.7 PortLand Furnishings Company
6.8 MYRA Manufacturing Firm Restricted
6.9 Hieu Duc Forestry Processing Buying and selling Firm Restricted
6.10 Timber Life Co., Ltd
7 Vietnam Wood Furnishings Business Outlook 2022-2031
7.1 Vietnam Wood Furnishings Business Improvement Elements Evaluation
7.1.1 Vietnam Wood Furnishings Business Drivers and Improvement Alternatives
7.1.2 Threats and Challenges for Vietnam Wood Furnishings Business
7.2 Vietnam Wood Furnishings Business Provide Forecast
7.3 Vietnam Wood Furnishings Market Demand Forecast
7.4 Vietnam Wood Furnishings Import and Export Forecast
For extra details about this report go to https://www.researchandmarkets.com/r/hfz7ki
