The import of Builders Joinery and Carpentry of Wood to Vietnam showed varying trends from 2013 to 2023. The value stood at 16.157 million USD in 2023. Over the years, there have been significant fluctuations, with notable declines in 2014 and 2015 and a substantial increase in 2016. Recent years have shown more stable growth, with year-on-year variations of 3.25% in 2022 and 3.09% in 2023. The average annual growth rate (CAGR) between 2019 and 2023 stands at 3.45%.
Looking forward, from 2024 to 2028, the import value is expected to continue its upward trend, though at a slower pace, with a forecasted 5-year CAGR of 2.29%, amounting to an 11.97% overall growth. Close monitoring of changes in global wood prices, domestic construction trends, and trade policies will provide insights into future import demands.
