Source: vneconomy.vn
Vietnam’s wooden furniture exports are mainly furniture, in which the largest proportion belongs to the living room furniture group, followed by bedrooms, kitchens and offices.
BEDROOM FURNITURE SLOW GROWTH
From the end of September 2021 until now, the epidemic situation has been gradually controlled, production and export of wooden furniture has gradually recovered. However, for businesses specializing in the production of bedroom furniture, up to this point, the operating capacity is still low.
According to the Vietnam Wood and Forest Products Association (Viforest), the export turnover of bedroom furniture in October 2021 only reached US$53 million, down 77.2% compared to October 2020. In general, for the first 10 months of 2021, export turnover of bedroom furniture reached 1.62 billion USD, up 1.3% over the same period in 2020.
Beds and wardrobes for bedrooms are the two main export products, accounting for a high proportion in the structure of bedroom furniture in 2021. In which, export turnover of beds and bed parts leads at 875 $0.2 million in the first three quarters of the year, up 15.7% over the same period in 2020, accounting for 55.7% of the total export turnover of bedroom furniture.
Next is the wardrobe used in the bedroom with 437.7 million USD of export turnover in the first 3 quarters of the year; increased by 11.7% over the same period in 2020, accounting for 27.9% of the total export turnover of bedroom furniture.
Some other bedroom furniture items are also exported but only account for a small proportion such as: bedside cabinets accounted for 7.6%; the table used in the bedroom accounted for 3.3%; dressing table accounted for 1.5%; wardrobe accounted for 1.4%.
Regarding the export market of bedroom furniture in the past 10 months, the turnover to the US market accounted for the largest proportion, reaching 1.3 billion USD, up 20.2% over the same period in 2020. Followed by the Japanese market reached 66.9 million USD, down 20.6%; UK reached 43.5 million USD, up 15.9%; Korea reached 38 million USD, down 11.6%…
While the export turnover of bedroom furniture is nearly 2 billion USD per year and always accounts for a high proportion of the total wood furniture export turnover, the export of office furniture still accounts for a small proportion, each year. only brought in about 400 million USD. The reason is that the design of this product made in Vietnam is not suitable for tastes and offices in European countries, Japan, Korea …
Export of office furniture has decreased continuously for many months due to the impact of the Covid-19 epidemic. In which, the export of office furniture in October 2021 only reached nearly 20 million USD, down 41 % compared to the same period in 2020.
Generally, in 10 months, office furniture exports were estimated at 402 million USD, up 28% over the same period in 2020. Office furniture exported the most to the US market accounted for 61.9% of the total value. export office furniture.
LIVE FURNITURE, KITCHEN FURNITURE GROW
Contrary to the dismal situation of bedroom and office furniture exports, exports of living room, dining room and kitchen furniture are recovering strongly.
According to data from the General Department of Customs, the export turnover of kitchen furniture in October 2021 reached 56 million USD, which was equal to October 2020. Accumulating 10 months of 2021, the export turnover of this item reached 736.9 million USD, up 24.5% over the same period in 2020.
Previously, the export turnover of kitchen furniture in September 2021 reached 50.2 million USD, down 30.5% compared to September 2020. Export turnover of kitchen furniture to the US market accounted for the largest proportion, reaching 527.9 million USD in the first 3 quarters of the year, up 41% over the same period in 2020.
While the export turnover of kitchen furniture increased sharply to the EU, UK, Canada and China markets in the first nine months of 2021, the export turnover of this item to Japan, South Korea and Australia decreased.
Kitchen cabinets are the main export item in the structure of exported kitchen furniture, reaching $510.4 million, up 39.9% over the same period in 2020. Kitchen cabinets are the most exported to the market. US market, with export turnover reaching 458.5 million USD, up 45.2% over the same period in 2020. Followed by markets such as Japan, UK, Chile, EU…
According to Viforest, the export potential of kitchen furniture in the last 2 months of the year is very positive, because at the right time when the market demand is high for kitchen furniture products to meet the holiday season. New Year’s Eve, the housing market has been renovated and new housing has been completed.
Export of living room and dining room furniture in October 2021 reached $120 million, bringing the export value in the first 10 months of 2021 to $2.46 billion, up 13.3% over the same period in 2020. .
Living room and dining room furniture was mainly exported to the US market, reaching 1.73 billion USD, up 31.3% over the same period in 2020. Following is the Japanese market with 97 million USD, down 4. .7%; UK reached 82.6 million USD, up 24.1%; Canada reached 68.5 million USD, up 32.7%; France reached $46.1 million, up 22.5% over the same period in 2020.
According to Viforest, consumer demand has increased sharply, in which living room and dining room furniture is the item that demand often increases sharply in the last months of the year, meeting the finishing and renovation construction market. , decorate the house when the new year is approaching.
For all wooden products, Vietnam’s export activities have been enjoying many advantages and incentives from FTAs. Notably, on October 1, 2021, Vietnam signed an agreement with the United States on controlling illegal logging and trade. The signing of the Agreement will contribute to improving the reputation of Vietnam’s wood industry, laying the foundation for sustainable forestry development, serving the interests of the people and businesses of the two countries.
“Currently, wood industry enterprises are rushing to mobilize workers and increase capacity to keep up with the delivery schedule in the near future. In the last 2 months of the year, the export situation of bedroom, living room, and kitchen furniture will be will be better, because many businesses have had enough orders until the end of the year, even until the end of the first quarter of 2022,” said Mr. Do Xuan Lap, Chairman of Viforest.
