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Wood Markets: Need to take advantage of

18/08/2014

According to experts, the demand for furniture, handicrafts increase in both domestic and overseas the past few years as an opportunity for the wood processing industry in the country. The market size of global furniture $ 300 billion / year.
In addition, until 2015, when the ASEAN Economic Community (AEC) formation, furniture manufacturing enterprises will have a huge consumer market with over 620 million people. However, furniture and handicraft products in Vietnam so far accounted for about 2% of the market.
In the domestic market, the average consumer woodwork in the last 5 years about 40% of the total trade value of Vietnam's furniture industry, worth about $ 2.25 billion / year. 2014, export turnover of Vietnam's furniture are expected to reach $ 6.5 billion, handicraft products is estimated at over $ 2 billion, but profit is not high due to the DN input costs increase, resources materials mainly imported, the value added of products low.
To overcome these difficulties, Vietnam needs to build industrial parks synchronous timber industry. The domestic enterprises need to improve technique, particularly through joint ventures with foreign companies, creating links with international manufacturers and global markets, the links between domestic firms, link actively invest with regional farmers to produce raw materials.

 

vinanet.com.vn

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