Following Vietnam is Malaysia with $101.9 million and Indonesia with $61.7 million.

The proportion of wooden furniture imports from these three markets accounted for 22.9 per cent of the total value of wooden furniture imports into Australia.

Producing wooden furniture for export at Triệu Phú Lộc Furniture Co., Ltd, Tân Uyên Town, Bình Dương Province.

The Import-Export Department, Ministry of Industry and Trade, quoted statistics from the General Department of Customs saying that the export value of wooden office furniture reached $28.4 million in December, a year-on-year decline of 28.6 per cent.

The export value of wooden office furniture reached $370.3 million last year, down 15.9 per cent over the same period in 2021.

In the structure of wooden furniture exports last year, office furniture is the item with the strongest decline because exports to major markets such as the US, Japan, China and the UK plummeted.

Office furniture exports were the largest to the US market last year, reaching $225.4 million, down 13.6 per cent over the previous year.

Export value to the US accounted for 60.9 per cent total export value of office furniture, followed by the Japanese market with $67.7 million; the Chinese market with $15.9 million; and the UK with $13.6 million.

High inflation has made consumers prioritise spending on food and essential goods, thereby cutting spending on office furniture.

In addition, high freight rates, along with a sharp rising in the purchase price of raw wood, increased production costs, making it more difficult for Vietnamese office furniture manufacturers.

The Import-Export Department said that the export prospect of wooden office furniture would also not be positive this year when the global economic situation was forecasted to continue to face many difficulties.

However, statistics from the International Trade Center (ITC) show that Australia's imports of wooden furniture reached $1.6 billion in the 11 months of last year, a year-on-year growth of 4.9 per cent.

The Import-Export Department said that even though Australia was one of the most demanding markets in the world with many certification requirements, high product quality standards, and strict import processes, its consumers had a high standard of living and were willing to pay for high-priced imported items if they were satisfied with the product.

Therefore, to penetrate the Australian market, exporters needed to give top priority to product quality instead of price, said the department, while, understanding customer tastes and focusing on building a solid brand for wooden furniture products.

Bac Giang preserves woodblocks in Bo Da pagoda

(BGO) - The severe climate, several moves and lack of preserving facilities make woodblocks in Bo Da pagoda seriously degraded. Facing the actual situation, the People’s Committee in Viet Yen district (Bac Giang province) will execute the project to preserve and promote the value of national treasure of woodblocks in Bo Da pagoda since August 2022 till 2024.

Vietnam's wood industry seeks to ensure self-sufficiency in domestic materials

Promoting domestic production of wood materials plays an important role in minimising instabilities related to wood imports for processing in the future, said insiders.

Earning billions of VND from wood processing

(BGO)- In recent years, many households in Canh Nau commune, Yen The district, Bac Giang province have developed their economy with wood processing and gained high efficiency. Ly Van Truong, belonging to Nung ethnic minority group in Doc Oi hamlet, is one of the outstanding examples.

The mystery of Tien La wooden architecture

(BGO) - In December 2019, a delegation of the Bac Giang Museum, during their field trip to Tien La village, Duc Giang commune (Yen Dung district), received very unexpected information from a document written more than 20 years ago by Nguyen Quang Thon, who is currently Vice Secretary of the communal Party Committee. 

Woodwork denies Vietnam in 0-2 loss to Thailand

Woodwork denied Vietnam twice as the Golden Star Warriors suffered a 0-2 defeat against Thailand in the first leg of the AFF Suzuki Cup 2020 semi-final at Singapore’s National Stadium on December 23.

Source: VNS