vietnam furniture export statistics

Testing, inspection and certification (TIC) services are provides for a range of furniture products, including: To access the US market, our laboratories provide mechanical testing against: In addition, we can offer furniture testing for the Australian and Japanese markets, packaging testing based on the ISTA standard, chemical testing against standards relating to lead content, formaldehyde emissions, phthalates, PCP content, total cadmium content, azo dyes, pentachloro phenol, and against flammability regulations. Exports in Vietnam averaged 7.90 USD Billion from 1990 until 2021, reaching an all time high of 28.55 USD Billion in January of 2021 and a record low of 0.54 USD Billion in February of 1997. The country claimed one of the fastest rates of GDP growth in the world, at 2.9%, according to Vietnam's General Statistics Office, while aiming for 6.5% in 2021. In 2017, world furniture exports … This may even rise to 25% if the trade war escalates.7, Consumers in EU countries, the US and Japan are, however, increasingly demanding that wood used in the construction of furniture is only sourced from legal sources. We offer a wide range of services. Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. According to the Italian Centre for Industrial Studies, Vietnam is ranked number eight in the world in terms of furniture exports.Large furniture retailers around the world send their designs and specifications to Vietnamese manufacturers, which they then build and export. In 2017, furniture exports were valued at around USD 7.66 billion, increasing to USD 8.66 billion in 2018.2, Vietnam’s manufacturers have sought to consolidate their position on the global stage by becoming an ever more attractive option for foreign companies looking for offshore manufacturers. The top export opportunities for Vietnam according to the relatedness index, are Rubber Thread (0.26), Other Knit Clothing Accessories (0.26), House Linens (0.26), Nutmeg, mace and cardamons (0.26), and Insect Resins (0.25). Vietnam exports for 2018 was $259.51B, a 14.15% increase from 2017. Today, Vietnam’s furniture industry is one of the most dynamic operating in the world. Its largest customer is Lazboy INC (mi) with most shipments via the port of Charleston, SC. Vietnam: Revenue in the Furniture & Homeware segment is projected to reach US$975m in 2021. Woodnet is another major Vietnam based furniture exporter that exports its products to 32 countries all over the world. Sign up today for your free Reader Account! For more details of vietnam customs data of Plastic Plastic under HS code 39263000 or any other product kindly contact info@exportgenius.in or Call +91-11-47048012 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Major provinces of wood production in 2017 were Tuyen Quang, Quang Nam, Quang Ngai, and Binh Dinh. 12 for the same month last year. Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009 … Relatedness measures the distance between a country's current exports and each product. In the first 11 months of 2018, it was 11.6 million m3, growing by 10 percent compared to the same period last year. From a supply-side perspective, the furniture industry in Vietnam is analysed through: SGS Vietnam Ltd. Vietnam Furniture Exports At a Glance. Garment, textile industry have started to increase again according to export enterprises in Ho Chi Minh City . Located in a strategic position for foreign companies with operations throughout Southeast Asia, Vietnam is an ideal export hub to reach other … Furniture, bedding, lighting, signs and prefabricated buildings represents the fastest grower among the top 10 export categories, up by 66.3% from 2018 to 2019. In the wood processing sector, Binh Duong attracts a large number of enterprises due to its labor force and its linkages to key timbe… This article is part of a set of statistical articles that the Eurostat online publication "Agriculture, forestry and fishery statistics" is based on. Vietnam's gross domestic product advanced by 4.48 percent year-on-year in the fourth quarter of 2020, accelerating from a marginally revised 2.69 percent growth in the previous period, as the economy gradually returned to normal conditions, after loosening the lockdown measures to contain the spread of the coronavirus, the preliminary estimate showed. Although its furniture export growth is the greatest when compared to other large exporting countries, the US only recently outsourced its furniture manufacture to Vietnam. Việt Nam can export farm produce, fresh fruits, processed foods and furniture to India while India businesses should tap into the Vietnamese market in other fields such as animal feed, pharmaceutical and chemicals. The head office of the company is based in Ho Chi Minh City. Access2Markets is also available for companies in those countries to look up information on how to access the EU market and benefit from preferential trade agreements. Trade Map is free to use and provides trade statistics and market access information for export development. U.S. t: (84 28) 3816 0999, 1 It’s not China or the US: Here are the trade war’s winners — so far Setup in Vietnam Inward Investment Facilitation Services (IIF) is the one-stop-shop package that help your company set up here. Hardlines Laboratory Manager Vietnam Furniture Market Potential And Prospects, 10. Official statistics show a third of foreign-invested companies in Vietnam’s furniture industry are from China. The CSIL Report World furniture Outlook is the CSIL flagship publication, issued twice a year, in July and December, providing status and prospects of the world furniture sector.. It had ranked No. Currently, Vietnam has around 1,500 furniture exporters, with around 450 of them being FDI (foreign direct investment) companies, accounting for over 45% of furniture exports.3, Vietnam’s key advantage is high flexibility. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Vietnamhas seen a significant increase in its furniture exports to the US, helping it to achieve $6.7 Billion USD in revenues per the most recent annual statistics. The EU accounts for approximately 5 % of the world’s forests and, contrary to what is happening in many other parts of the world, the forested area … United States Trade Statistics. While Vietnam has a long and distinguished history of producing furniture products for the domestic market, it has only had a single recognizable furniture industry for the last 20 years. Joe Wong Vietnam has became the top 7th furniture export country. Other news Preliminary assessment of Vietnam international merchandise trade performance in whole year 2020 (2/19/2021 2:16:58 PM); Imports and exports of FDI sector enjoy sharp increase in January (2/19/2021 1:59:00 PM); Vietnam becomes fastest growing national brand in the world … © 2021 GlobeNewswire, Inc. All Rights Reserved. t: +84 225 355 2722 ext.317, Thanh Tran In 2019, the total value of wood and wood product exports from Vietnamese enterprises 2,392 enterprises (Vietnamese-owned and FDI enterprises) amounted to USD10.647 billion, an increase of 19.5% from the past year. Other statistics … Given the recent trade war between China and the US, alongside Vietnam’s recent CPTPP ratification, and the signing of the EU-Vietnam FTA, the country is steadily becoming more open to international trade and investment.. The furniture standard for the EU is significantly higher when co… This study offers an up-to-date and detailed overview of the furniture sector in Vietnam and its prospects, through tables, graphs, illustrated maps and other information processed from direct interviews with top furniture companies and sector experts.Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. Import Data of Vietnam is all about statistics which are based on actual shipment records. U.S. imports from Vietnam by 5-digit End-Use code. The value of export products originating from Indonesia's furniture and handicraft industry fell 16 percent year-on-year (y/y) to USD $1.6 billion in 2016 from USD $1.9 billion in the preceding year. In addition, SGS can also provide the inspection, auditing and certification services to furniture industry. Vietnam export overview. 6-7 Vietnam aims to become furniture hub 4 Vietnam wooden furniture products now target high-end market It continues to develop … Get the latest updates on import market through Vietnam customs data. Denim jeans are the world’s ubiquitous trouser, the hunt is now on for more sustainable production methods. China is the largest manufacturer, but others are growing faster. 1.4% ($3.55 billion): 8534 - Printed circuits. However, Vietnam is the fastest-growing manufacturer of furniture in the world, while Chinese furniture production is decreasing. Data are in current U.S. dollars. 8-9 Vietnam expected to become second largest furniture exporter. Foreign direct investment plays an important role in Vietnam's economic growth. But the US accounted for more than half Vietnam’s exports, while less than one-third of China’s. This edition, World Furniture Outlook 2021, provides an overview of the global furniture sector through historical series of basic data (furniture production, consumption, imports, exports 2010-2019 … See the list, which also shows each exporter's percentage of global furniture exports within parenthesis. Vietnam’s shipments of electrical machinery and equipment posted the third-fastest gain in value up by 46.5%. The report also provides furniture market forecasts 2020 and 2021.From a supply-side perspective, the furniture industry in Vietnam is analysed through: The analysis of the Vietnamese furniture market includes: This report also analyses the international trade of furniture from and to Vietnam: countries of destination/origin, furniture trade by segment (upholstered furniture, non-upholstered seats, bedroom furniture, kitchen furniture, office furniture, parts of furniture, parts of seats) and furniture trade by country/area.The analysis is further enriched by: 1. Wood production in 2017 was estimated to be 11.5 million m3, up 12.4 percent. Imports. It is currently the second largest exporter of furniture in the Asia-Pacific region, and fifth in the world, behind China, Germany, Italy, and Poland. For more details of vietnam customs data of Office Metal Furniture or any other product kindly contact info@exportgenius.in or Call +91-11-47048012 Find qualified detailed Vietnam imports and exports data provided by Vietnam government customs on NCB DATA. The fair features a full range of Furniture manufacturers, handicrafts, home decor and more. Major Vietnam exports are Electronics (35.58%), Footwear (6.92%), Not Knitted Apparel & Clothing (5.9%), Knitted Apparel & Clothing (5.7%), Machinery (4.82%), Optical, Medical Equipment, etc. How can Vietnamese furniture manufacturers take advantage of these opportunities? Timber and furniture have become the sixth-largest export category in Vietnam, accounting for 6% of the world market share. Even though Việt Nam and India have similar natural conditions, their products can be complementary, according to Thắng. Vietnam exports for 2016 was $192.19B, a … In 2018, the value of Vietnam imports recorded US$ 236 billion, which rose from the previous year’s US$ 213 billion. According to Chinese customs statistics, both the volume and value of China’s wood furniture exports reached an all-time high in 2015, worth an estimated US$ 23 billion. It has exported 113.00003 shipments to the U.S. this year. Vietnam International Furniture & Home Accessories Expo. NEFS FURNITURE VIETNAM CO LTD is a supplier in Binh Duong, Vietnam. Today, Vietnam’s furniture industry is one of the most dynamic operating in the world. Infodriveindia presents detailed analaysis of India Imports from Vietnam with detailed break up at major HS codes, products and ports. Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009 … India and Vietnam … Structure of vietnam’s wood-working industry (%) Household expenditure on household goods & services, 2015-2020 ($ billion) Adaptive to integration. SGS has been offering quality, independent, TIC services in Vietnam since 1989. Most commonly referred to as VIFA EXPO is the largest furniture trade show in Vietnam. Vietnam’s total trade with the United States was $7.87 billion in December, a change of 18.15 percent from the same month one year ago. The change in exports was 7.71 percent and the change in imports was 19.73 percent. Vietnam has been identified as the biggest beneficiary of the US-China trade war, gaining around 7.9% of its gross domestic product directly from new business created by the conflict.1 In particular, Vietnam’s furniture industry has profited from greater access to the US market. 9 among U.S. trade partners in December. as actual product description is covered in the data. Like many countries in the region Vietnam hasadopted a strategy of export lead growth. To fuel this growth, Vietnam’s furniture industry relies heavily on imports of wood material, which increased by 10 percent from $900 million in 2017 to $990 million in 2018. The EU has a number of trade agreements with its partner countries. HS Code Import USD$ (84) Industrial Machinery: $379,040,915,551 (85) Electrical Machinery According to CSIL, it is now the 7th largest furniture producer worldwide (whereas it was 15th in 2009) and second-largest exporter in Asia and Pacific and the fifth worldwide. Vietnam exports for 2017 was $227.35B, a 18.29% increase from 2016. Vietnam Exports By Category Value Year; Electrical, electronic equipment: $86.60B 2018 Footwear, gaiters and the like, $16.81B 2018 Articles of apparel, not knit or crocheted: $14.30B 2018 Articles of apparel, knit or crocheted Prospects for Asian furniture production is better than anywhere else in the world. It is currently the second largest exporter of furniture in the Asia-Pacific region, and fifth in the world, behind China, Germany, Italy, and Poland. Figures represent imports to the United States from other countries and exports from the United States to other countries. SGS in Vietnam has responded to this growth and opportunity by expanding its capabilities offered to the furniture sector. 1. It presents statistics on production and trade in wood products in the European Union (EU).. International trade in goods - Imports 2001-2019 Overview; Trade statistics; Tariffs and market requirements; Foreign direct investment data Structure of vietnam’s wood-working industry (%) Household expenditure on household goods & services, 2015-2020 ($ billion) Adaptive to integration. Product - Evaluate product and its specifications like brand, model, type, etc. Hardlines Sales Manager Furniture Industry Statistics The furniture industry is broken down into retail stores, office furniture merchants, warehouse showrooms, and specialty furniture. Over the past years, Vietnam has continuously been in a state of large trade surplus to Spain and the notable point is: in 2020, Vietnam still maintains its export market share as in 2019, reaching 0.92% in the overall import market share of Spain to the world. Wood industry players in Vietnam are expected to make leaps and bounds to help make Vietnam become the world’s second largest interior furniture exporter, after China, within the next 7-8 … vietnam furniture exporters are available in various materials such as wood, cane, bamboo and soft sets, to cater to unique aesthetic choices and provide ultimate comfort to the user. The economy of Vietnam is a socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP). Trade data of Vietnam export can be analysed on the basis of: Company - Vietnamese suppliers and overseas importers. Selected productive factors (Forest resources and structure of the land, consumption of wood-based panels, imports of wood-based panels and woodworking machinery, unemployment and trained employed workers in the manufacturing sector, employed population by activity), A breakdown of furniture production by segment (upholstered furniture, kitchen furniture, office furniture, other furniture), An in-depth analysis of the competitive system: ranking of top manufacturers/exporters by furniture turnover, detailed profiles of the top 88 Vietnamese and FDI furniture manufacturers (company name and address, ownership, activity, type of furniture produced, financial performances, employees, export share and key markets) and short profiles for further 72 furniture companies, classified by their employees range, Selected demand determinants (population, main cities, building activities, international tourism, per-capita expenditure), A breakdown of furniture consumption by segment (upholstered furniture, kitchen furniture, office furniture, other furniture), Prospects of the furniture industry in the country, Publisher's assessment of market potential, Furniture market outline.

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