Strong growth in export
In the first 10 months of 2022, Vietnam’s wood pellet export turnover reached USD 568 million, up to 82.8% over the same period in 2021. This proves the strong development of this product and recorded the 4th position in the list of major export products of the wood industry.
Export potential exceeds 1 billion USD
Wood pellets have the potential to become an export item with a value exceeding the $1 billion mark per year. To exploit this potential, the establishment of a branch of wood pellets is extremely necessary, in order to bring together manufacturers and exporters of wood pellets to cooperate to solve the problem of competition for raw materials.
Challenges and growth opportunities
The State needs to provide a separate support policy to promote the production and export of wood pellets. At the same time, enterprises and wood pellet processing facilities need to cooperate closely and have a common voice to make effective use of raw materials and compete in export.
Wood pellets are growing hot, and harvesting and using the material sustainably is important to ensure the industry continues to contribute to the economy and protect the environment.
Trends and prospects
Wood pellets become an important commodity to help the wood industry take the lead in fulfilling its commitment to reduce greenhouse gas emissions, and create added value for exports.
With the increasing trend of the demand for wood pellets in the international market, Vietnam has the opportunity to expand the production and export of wood pellets, make use of surplus materials in the wood processing stages to create and at the same time contribute to the growth of the world market. environmental protection section.
Challenging and securing raw materials
In the near future, the export of wood pellets has the potential to enter the group of agricultural and forestry products with an annual export value of more than 1 billion USD, but it requires careful cooperation and consideration to ensure the source of raw materials. meet the needs of the sustainable development of this industry.