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![Vietnamese timber companies sought aid due to failing demand](https://timber-exchange-live.s3.eu-west-3.amazonaws.com/te_prod/uploaded-by-timber-admin/news/news_6495486e42f68_7887.jpg)
Vietnamese timber companies sought aid due to failing demand
Posted on June 23, 2023 |
The timber industry in the country requires assistance in terms of market information, requirements, and consumer preferences.
Since the start of 2023, orders from Vietnam have fallen by 50-60%.
In the first 4 months of 2023, the export turnover of timber products fell annually by 30.6% to $3.9 billion.
There is falling demand from big markets like the EU, the US, the UK, South Korea, China, and Japan.