South Africa – the largest supplier of padauk wood for Vietnam
T6,Tháng Năm 6,2022
Padauk wood imports
According to statistics, Vietnam’s padauk imports in April 2022 were estimated at 19.2 thousand m³, worth 7.5 million USD, up 20.4% in volume and 20.0% in value compared to March 2022; compared to April 2021 increased by 0.2% in volume and 3.1% in value.
In the first 4 months of 2022, padauk wood imports were estimated at 59.2 thousand m³, worth 24.7 million USD, down 6.5% in volume and 4.3% in value compared to the same period in 2021.
Vietnam’s padauk wood imports from Africa 2020 – 2022 (US$ 100,000)
Imports of padauk sawn wood and log
In the first 3 months of 2022, imports of padauk sawn wood volumed at 35.3 thousand m³, worth US$ 15.4 million, down 11.8% in volume and 3.1% in value over the same period in 2021.
Imports of padauk log amounted to 4.7 thousand m³, worth US$ 1.8 million, up 13.4% in volume and 22.1% in value over the same period in 2021.
| Padauk sawn wood and log imported in the first 3 months of 2022 | |||||||||||||||||||||||||||
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Price of padauk wood imported from South Africa
The average price of imported padauk in the first 3 months of 2022 was reported at US$ 429.0/m³, up 15.7% over the same period in 2021.
In particular, price of padauk log imported from South Africa increased by 1.4% compared to the same period in 2021 to US$ 274.7/m³; from the Angola increased by 13.0% to US$ 279.0/m³; from Namibia rose 12.3% to US$ 269.70/m³; from Cameroon up 7.9% to US$ 404.50/m³.
Import markets
In the first 3 months of 2022, the import volume of padauk from Angola, Congo, Hong Kong, China etc. decreased against the same period in 2021, while imports from South Africa, Laos, Namibea Cameroon, Gabong increased.
Imports of padauk from The Angolan market reached 4.7 thousand m³, worth US$ 1.3 million, down 68.6% in volume and 64.5% in value compared to the same period in 2021, accounting for 11.8% of total imports in the first 3 months of 2022.
Imports of this wood from Congo market amounted to 1.7 thousand m³, worth US$ 628 thousand, down 9.0% in volume and 18.3% in value compared to the same period in 2021.
In contrast, padauk wood imports from the South Africa market increased by 21.7% in volume and 23.4% in value over the same period in 2021, reaching 15.5 thousand m³, worth US$ 4.3 million, accounting for 38.8% of total imports.
Imports of from Laos contributed 5.9 thousand m³, worth US$ 6.9 million, up 34.3% in volume and 29.8% in value over the same period in 2021.
In addition, the import volume of padauk wood from some markets increased sharply compared to the same period in 2021, but the value was quite modest, such as from Namibia increased by 92.4%; Cameroon by 34.9% and Gabon increased by 80.8% etc.
Padauk wood supply in the first 3 months of 2022 by markets
| Market | 3 months of 2022 | Compared to the same
period of 2021 (%) |
Share by volume
(%) |
|||||
| Volume
(m³) |
Value
\(1,000 US$) |
Price
(US$/m³) |
Volume | Value | Price | 3 month
2022 |
3 months
2021 |
|
| Total | 40,006 | 17,163 | 429.0 | -9.4 | 4.8 | 15.7 | 100.0 | 100.0 |
| South Africa | 15,504 | 4,258 | 274.7 | 21.7 | 23.4 | 1.4 | 38.8 | 28.8 |
| Laos | 5,934 | 6,859 | 1,156.0 | 34.3 | 29.8 | -3.4 | 14.8 | 10.0 |
| Angola | 4,704 | 1,312 | 279.0 | -68.6 | -64.5 | 13.0 | 11.8 | 33.9 |
| Namibea | 3,976 | 1,072 | 269.7 | 92.4 | 116.0 | 12.3 | 9.9 | 4.7 |
| Cameroon | 3,813 | 1,542 | 404.5 | 34.9 | 45.6 | 7.9 | 9.5 | 6.4 |
| Congo | 1,747 | 628 | 359.6 | -9.0 | -18.3 | -10.2 | 4.4 | 4.3 |
| Gabon | 1.437 | 435 | 302.8 | 80.8 | 49.5 | -17.3 | 3.6 | 1.8 |
| PN Guinea | 832 | 276 | 332.1 | 3,342.5 | 852.7 | -72.3 | 2.1 | 0.1 |
| Tailand | 609 | 349 | 572.7 | 161.1 | 131.5 | -11.3 | 1.5 | 0.5 |
| Hong Kong | 435 | 117 | 269.0 | -53.9 | -51.5 | 5.0 | 1.1 | 2.1 |
| China | 223 | 71 | 316.8 | -79.5 | -70.7 | 42.7 | 0.6 | 2.5 |
| Equatorial
Guinea |
202 | 40 | 200.0 | 0.5 | 0.0 | |||
| UK | 164 | 73 | 448.3 | 101.4 | 112.4 | 5.5 | 0.4 | 0.2 |
| Nigieria | 162 | 49 | 302.5 | 97.9 | 109.4 | 5.8 | 0.4 | 0.2 |
| Cambodia | 80 | 16 | 200.0 | 100.0 | 73.9 | -13.0 | 0.2 | 0.1 |
| Dambia | 78 | 19 | 237.7 | -54.9 | -55.6 | -1.4 | 0.2 | 0.4 |
| Suriname | 39 | 12 | 297.7 | -67.8 | -77.4 | -29.7 | 0.1 | 0.3 |
| Indonesia | 24 | 18 | 732.7 | 0.1 | 0.0 | |||
| Singapore | 22 | 9 | 405.0 | -96.2 | -94.6 | 41.4 | 0.1 | 1.3 |
| Modambic | 20 | 6 | 300.0 | -97.2 | -97.0 | 7.0 | 0.0 | 1.6 |
| Source: Vietnam General Department of Cusutoms | ||||||||
Source: International Tropical Timber Organization (ITTO)