Exports of wood, wooden furniture see strong recovery
02/26/2024 16:56
He said this was the only product in the field of agriculture with export value exceeding 1 billion USD within a month, and 32 out of 45 key export markets seeing growth.
However, Liem said that the wood industry is facing several problems that affect its sustainability, including risks related to imported timber materials, the EU’s deforestation regulations and requirements for wooden products to have low carbon footprints.
He also described the conflict in the Red Sea, which forced liners to stop transport or divert their routes, subsequently leading to higher transport expenses, as another major challenge.
Although export growth was recorded in several markets in 2023, such as India (288%), Peru (111%), Turkey (90%) and Norway (52%), it was a tough year for Vietnam’s wood exports. This was the first time the industry has reported negative export growth in two decades as shipments fell 14.8% to only 16 billion USD.
VIFA EXPO 2024 is organised by the VCCI’s HCM City Branch, the Vietnam Association for Construction Materials and the Alliance Handicraft & Wooden Fine Art Corporation from February 26-29.
It attracted more than 600 exhibitors who set up over 2,000 booths. The exhibitors are from 17 countries and territories, including Australia, Canada, China, Cambodia, Denmark, France, Hong Kong (China), India, Indonesia, the Netherlands, the US and Vietnam.
A wide range of wood furniture and products, home decoration items, handicrafts, machinery, and supporting services are displayed at the fair.
As an important trade promotion event for the wood and furniture industry, the expo serves as a venue for enterprises to introduce their products and seek orders./.