US Market Continues to Be the Bright Spot of the Wood Export Industry
Vietnam’s wood industry recorded modest results in the first month of 2025 with a turnover of 1.42 billion USD, decreasing 9.7% compared to the previous month and 3.7% compared to the same period in 2024. However, export-import services to the US still account for a large proportion with 780 million USD, leading in the export market structure despite a 4.8% decrease compared to the same period. Japan and China reached 166 million USD (up 2.8%) and 139 million USD (down 17.5%) respectively.#Vietnam Freight forwarder
According to MBS forecasts, the US sea shipping market has positive prospects thanks to the Fed’s interest rate cut plan, which is expected to support real estate market recovery. The 30-year mortgage interest rate is forecast to decrease to 6.4% by the end of 2025, creating momentum for housing demand and furniture exports. In particular, forwarder companies are taking advantage of opportunities from forest fire events in the US, creating a large reconstruction demand for the furniture market.#Vietnam Freight forwarder
The export situation of wood products is favorable in the US market
The Trump administration’s increased tariffs on Chinese goods have caused many orders to shift to Vietnam. Mr. Huynh Thanh Van, leader of a large wood enterprise, emphasized that this is an opportunity for international shipping services from Vietnam. However, to benefit, entrusted export units need to ensure that goods meet standards such as BSCI, SMETA, FSC, COC.#Vietnam Freight forwarder#cargo courier service#international shipping companies#shipping service company#freight and logistics companies#logistic service#best logistics companies in india
Contrary to expectations from the US market, logistics shipping activities to China and the EU are forecast to face many challenges. MBS assesses that China’s real estate market is still slow to recover, while the EU (accounting for 3.3% of market share) continues to face declining economic growth. The OECD has lowered growth forecasts for Germany and France to 0.7% and 0.9%.#Vietnam Freight forwarder#cargo courier service#international shipping companies#shipping service company#freight and logistics companies#logistic service#best logistics companies in india
To achieve the export target of 18 billion USD in 2025, import service providers are focusing on technological innovation and green transformation. Mr. Ngo Sy Hoai, Vice Chairman of the Vietnam Timber and Forest Products Association, warned about competitive pressure from countries such as Malaysia and Indonesia, while emphasizing the risk of anti-dumping investigations from the US market.#Vietnam Freight forwarder#cargo courier service#international shipping companies#shipping service company#freight and logistics companies
After the strong fluctuations of 2021 and 2022, world timber prices have stabilized around 510 USD/1,000 board feet, helping container shipping businesses easily plan and balance costs. This is an important foundation helping Vietnam’s wood industry maintain competitiveness and take advantage of opportunities from the US market recovery in 2025.#Vietnam Freight forwarder#cargo courier service#international shipping companies#shipping service company#freight and logistics companies#logistic service#best logistics companies in india#customs broker#logistics companies
