WEEK NEWS 26, FOMEX WOOD INDUSTRY NEWS

FOMEM GROUP WEEK NEWS 26, WOOD INDUSTRY NEWS

EU27 imports of tropical veneer declined 4% to 64,900 cu.m in the first three months of this year. After a rapid rise last year, imports from Gabon declined 1% to 33,500 cu.m. There were larger falls in imports from Côte d'Ivoire (-7% to 14,500 cu.m), Ghana (-7% to 1,800 cu.m), Equatorial Guinea (-78% to 900 cu.m), and Indonesia (- 17% to 1,537 cu.m).

However, imports increased 13% to 4,700 cu.m from Cameroon and 32% to 5,900 cu.m from the Republic of Congo.

After a slow year in 2020, EU27 imports of tropical plywood made only marginal gains in the first quarter of this year. Imports of 51,500 cu.m in the three month period were just 2% more than in the same period in 2019. Imports were up from all four of the largest supply countries including Indonesia (+6% to 16,200 cu.m), China (+2% to 14,500 cu.m), Gabon (+29% to 8,000 cu.m), and Vietnam (+14% to 2,100 cu.m).

However, the decline in imports continued from Brazil (- 40% to 1,100 cu.m) and Malaysia (-37% to 875 cu.m.). EU27 imports of tropical hardwood plywood from the UK – a re-export since the UK has no plywood manufacturing capacity – fell 35% to 2,000 cu.m.

(Source: Fordaq.com)

Vietnam's wood export turnover to Germany was 52.83 million USD in the first four months of 2021, up 15.6 percent from the same period in 2020. Exports to France came in second with 47 million USD, up 28 percent; the Netherlands came in third with 38.9 million USD, up 56 percent; and Belgium came in third with 22 million USD, up 42.9 percent,...

FOMEM GROUP WEEK NEWS 26, WOOD INDUSTRY NEWS

According to statistics from the Food and Agriculture Organization of the United Nations (FAO), China's output of veneers (except soft veneers) from 2015 to 2020 has a downward trend. In 2015, the output was 149 million cubic meters, then fluctuated to 142 million cubic meters in 2019. In 2020, China's veneer output is about 140 million cubic meters and maintains a downward trend.

This is an opportunity to export Vietnam's boards when China's domestic supply cannot meet it.

FOMEM GROUP WEEK NEWS 26, WOOD INDUSTRY NEWS

Due to a lack of supply, the price of plywood in Southern Vietnam has been steadily rising in recent months.
In the Binh Phuoc district, the price of drying veneers sold domestically climbed to 3,900 thousand VND/m3. The cost of export veneers has increased marginally.

FOMEM GROUP WEEK NEWS 26, WOOD INDUSTRY NEWS

The overall amount of goods passing through Vietnam's seaports in the first six months of this year was estimated at nearly 363 million tons, up 7% from the same period in 2020, according to the Vietnam Maritime Administration (Ministry of Transport).

Meanwhile, imports totaled 93 million tons, 114 million tons of exports, and 156 million tons of domestic goods.

FOMEM GROUP WEEK NEWS 26, WOOD INDUSTRY NEWS

The ship PORTO KAGIO of the 2M and ZIM shipping lines partnership has just arrived at the port. This is the first train to travel directly to the United States on the TP23/LIBERTY/ZSE service route.

The 2M Alliance (which includes two shipping lines, Maersk, MSC, and ZIM) is now the shipping line with the biggest operating capacity and market share in the industry. The three shipping lines have a combined market share of more than one-third of the global container shipping volume.

The vessel PORTO KAGIO, which has a handling capacity of more than 2,600 containers (equal to 5,000 TEUs) of import and export commodities, has just moored at CMIT.

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