Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Vietnam's exports of timber and wood products fell by 5.5% in July due to low demand
Posted on September 5, 2022 |
- The US and Europe export markets are facing many challenges and high inflation in many countries forced consumers to cut back on their spending, which decreased the demand for unnecessary goods, including wood products and furniture.
- The miscalculation of global importers led to large accumulations of goods in warehouses and ports in Vietnam and abroad which disrupted the supply chain, and increased production costs due to high raw materials and transport costs.