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Export markets for Vietnam’s wood pellets and Export price of Vietnam’s wood pellets

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Export markets for Vietnam’s wood pellets

South Korean and Japanese markets account for nearly 100% of the total export volume and value of Vietnam’s wood pellets in 2019 and 2020 (Figure 2).

Figure 2. Vietnam’s wood pellets exports by destination country, volume and value, 2019-2020

Source: Research team of timber associations and Forest Trends compiled from export data of the General Department of Vietnam Customs

Export price of Vietnam’s wood pellets

While export volumes and value of Vietnam’s wood pellets have been increasing significantly, unit price for the export product has been marginally decreasing since 2014 (Figure 3).

Figure 3. Price of wood pellets exported from Vietnam (FOB, US$/ton)

Source: Research team of timber associations and Forest Trends compiled from export data of the General Department of Vietnam Customs