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Vietnam paper and pulp market in July 2023
The Vietnam paper and pulp market in July 2023 continued to grow strongly, with production, export value, and domestic consumption all increasing. Below are some news of Vietnam’s paper industry in July 2023:
Production
According to Vietnam Paper and Pulp Association, Vietnam’s pulp and paper output in July 2023 reached 1.2 million tons, up 3.2% from the previous month and 10.5% from the same period in 2022.
Exports
The export value of paper and pulp from Vietnam reached US$1.2 billion in July 2023, up 10% from the previous month and 30% from the same period in 2022. The main export markets for Vietnam are China, South Korea, Japan, and the United States.
Domestic consumption
Domestic consumption of paper and pulp in Vietnam reached US$1.05 billion in July 2023, up 5% from the previous month and 12% from the same period in 2022. The main domestic consumers of paper and pulp are the printing and packaging industry, the office supplies industry, and the construction industry.
The strong growth of the Vietnam paper and pulp market in July 2023 is attributed to a number of factors, including:
- Increased demand from domestic and export markets
The demand for pulp and paper and in Vietnam is growing, both from domestic industries and from export markets. The growth of the e-commerce sector is also driving demand for paper and pulp, as more and more goods are being shipped in cardboard boxes.
- Increased prices of raw materials
The prices of raw materials used in the production of paper and pulp, such as wood pulp and recycled paper, have increased in recent months. This has led to higher production costs for paper and pulp manufacturers, but it has also led to higher prices for paper and pulp products, which has boosted the market.
- Investments in new production capacity
There have been a number of new investments in pulp and paper and production capacity in Vietnam in recent years. This is expected to lead to further growth of the market in the coming years.
The outlook for the Vietnam paper and pulp market is positive for the next few years. The market is expected to continue to grow, driven by increased demand from domestic and export markets. The growth of the e-commerce sector is also expected to boost the market. In addition, the investments in new production capacity are expected to lead to further growth of the market.
