Currently, Vietnam is the second largest supplier of this product in the world, after the US.
In the first 7 months of the year, Japan imported 148,162 tons of coal from Vietnam, worth more than 48 million USD, down 65% in both volume and value compared to the same period in 2022..png)
To compensate for the shortage of fossil fuels mentioned above, Japan has increased its purchase of biomass fuel from Vietnam (pellets, wood chips).
A report by the Vietnam Timber and Forest Products Association (Viforest) and Forest Trends Organization shows that Korea and Japan are currently the two largest pellet import markets of Vietnam. Quantity and
The export turnover of this product to the above two countries has always accounted for nearly 100% of the total export volume and value from Vietnam from all markets during the period 2019 to present.
Specifically, in the first half of 2023, Japan imported more than 1.1 million tons of Vietnamese pellets, worth more than 195 million USD, up 5.65% in volume and 28.8% in value over the same period. 2022.
Vietnam’s pellet market share accounts for about 45% of Japan’s total pellet imports, larger than the 28% market share of Canada and 21% of the US. The export price to Japan is currently nearly 153 USD/ton, down about 18% compared to the ceiling price recorded half a year ago.
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Also according to the report, Japan is also in the top 4 markets consuming the most wood chips in Vietnam. Of which, wood chip exports to Japan in the first half of 2023 reached 316.5 million USD, up 5.5% over the same period in 2022, accounting for nearly 39% of the total export value of wood and wood products to Japan. this market.
Information from businesses, currently, each year Japan uses about 8 million tons of pellets, of which 50 – 60% are wood pellets. It is expected that by 2030, Japan will need to consume over 20 million tons of pellets each year, of which the amount of wood pellets will account for about 13 – 15 million tons.
Experts say that when the whole world shifts to using green energy, biofuels, pellets, and wood chips will be a top choice. The world demand for pellets is forecast to increase by about 250% in the next decade, reaching 36 million tons from 14 million tons 6 years ago, from 2017. Thus, Vietnam has more Opportunity when there is an advantage in the wood and wood processing segment.
According to data from the General Department of Customs, the volume and value of Vietnam’s pellet export turnover have increased 28 and 34 times, respectively, over the past 10 years, since 2013. In 2022, Vietnam exported 4 9 million tons of tablets, turnover reached 0.79 billion USD. In the first months of 2023, export volume reached 1.57 million tons, turnover reached more than 256 million USD.
Currently, Vietnam is the second largest supplier of tablets in the world after the US.
T&G International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 02473010868
Email: hrm@tginterjsc.com
Website: http://tgimportexport.com
