In February 2023, due to the lack of purchase orders, the Vietnamese plywood market is in a “hibernation” state
The domestic and export orders are missing, the inventory is full, and Vietnamese wood products are in a “hibernation” state waiting for the market to recover.
The number of orders decreased by more than 50%, and the partners also delayed and delayed the delivery of the remaining orders placed by customers. Exports are extremely trickling. The capital turnover is extremely difficult. In the context of high interest rates. Therefore, enterprises are faced with double difficulties of capital, order and market.
While plywood products have fallen sharply, wood chip raw materials are “warming up”. Ms. Ruan Huangli also worried that if the price of wood chips continued to rise, the future prospects of plywood would be very difficult. In particular, if the economy of major markets such as the United States and the European Union recovers, the most difficult thing is the coming source of raw materials to prepare for the coming orders.
Plywood is one of the important components of Vietnam’s wood industry. This product is used for processing and exporting to the United States, the European Union, Japan
