According to the feedback from our QC and sourcing in Vietnam, the prices of plywood raw wood materials in Vietnam have risen

 

According to the feedback from our QC and sourcing in Vietnam, the prices of plywood raw    wood materials in Vietnam have risen

 

According to our feedback from QC and sourcing in Vietnam, at present, the prices of all wood raw materials and accessories have increased, with an average increase of about 10%. Since the end of 2020, the prices of wood raw materials and accessories have risen, and there is no sign of a decline so far. Many enterprises say that many reasons lead to the price rise of raw and auxiliary materials for wood production. First of all, the epidemic has brought many transportation lines to a standstill, resulting in the lack of production materials for many enterprises. Secondly, most timber enterprises in Vietnam have not yet found alternative sources of raw materials. Third, Vietnam’s export markets such as the United States and Europe are more inclined to use wood raw materials, with a year-on-year growth of about 40%. At the same time, the sales volume of finished wooden products decreased by about 80% year on year. At present, there is a paradox in the wood Market: Although the input of raw and auxiliary materials has increased, the sales have decreased sharply, and the wood production enterprises have to reduce the price of finished products.

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