Energy shortages present a fantastic opportunity for Vietnamese wood pellets
- 145
- Socially Responsible Enterprise
- 21:26 28/09/2022
DNHN - After the US, Vietnam is the second-largest exporter of wood pellets worldwide. Despite not being a significant supplier of tablets to EU nations, Vietnam's product has chances to increase production and export due to the high demand and cost of tablets on the global market.
According to the Vietnam Wood and Forest Products Association, Vietnam will export 3.5 million tons of pellets in 2021, generating more than 413 million USD in revenue. With a revenue of 354 million USD, the export volume in the first half of 2022 was close to 2.4 million tons.
The value of wood and wood products exported in the first eight months of 2022 is predicted by the General Department of Forestry (Ministry of Agriculture and Rural Development) to be 11 billion USD, an increase of 6.2% over the same time in 2021. When compared to the same period in 2021, the expected export value of wood products is 7.8 billion USD, a 3% decrease.
When the EU, Japan, and certain Asian nations are searching for alternate raw materials for gas, wood pellets and chips, in particular, provide a chance. Due to a 150–200% price rise in wood pellets and chips, the drop in exports of wood and wood products has been made up for.
The total value of exports in 2022 may exceed 700 million USD if the growth rate is maintained at its historical level. Wood pellets might eventually join the category of agro-forestry export products with a market value of over USD 1 billion.
Since the war between Russia and Ukraine is reducing the supply of gas from Russia to EU nations, many EU citizens are switching to utilizing pellets for heating the next winter, which is driving up demand for pellets on the global market.
After the US, Vietnam is the second-largest exporter of wood pellets worldwide. Despite not being a significant supplier of tablets to EU nations, Vietnam's product has chances to increase production and export due to the high demand and cost of tablets on the global market.
P.V
Related news
- Clean energy must be protected by transparent, stable, and consistent policies
- European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
- The foundational mark of pioneers in renewable energy amidst an evolving legal framework
- Taste of Queensland: Strengthening Vietnam–Queensland Partnerships through Culinary Diplomacy
- The power of journalism in “upholding the right and eliminating the wrong”
- LAMORI – The Spirit of Lam Kinh in Every Breath
- “Lithuanian President’s visit opens a new chapter in bilateral cooperation with Vietnam”
- List of Vietnam’s 25 Best Workplaces 2025
- Vietnamese Ambassador to the Federal Republic of Germany, H.E. Mr. Nguyen Dac Thanh, Meets with German Business Leaders in Vietnam
- Hodeco and 54 forge strategic partnership to evelate golf Integrated real-estate
- International sports events – a strategic boost for regional economies and tourism in Vietnam
- Halal market potential – The key to business success
- ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
- Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
- Women entrepreneurs in the Era of National Advancement
- The move of a Chinese businesswoman into Vietnam’s snack market
- The Đại Dũng Group: A 30-Year journey of developing a sustainable value chain
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
- The ambitions of major enterprises in 2025
Đọc thêm Socially Responsible Enterprise
Clean energy must be protected by transparent, stable, and consistent policies
In Vietnam, renewable energy is not only a solution to ensure energy security and reduce greenhouse gas emissions but also a key driver of a green, clean, and sustainable economy.
The power of journalism in “upholding the right and eliminating the wrong”
Journalism holds a genuine power—the power to “uphold the right and eliminate the wrong,” as President Ho Chi Minh once taught.
International sports events – a strategic boost for regional economies and tourism in Vietnam
Among all sports, golf has emerged as a particularly potent driver of regional development in Vietnam. With nearly 100 courses in operation and development, the country has repeatedly been recognized as Asia’s Best Golf Destination in recent years.
ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
Amid digital transformation and increasing demands for sustainable development, small and medium enterprises (SMEs) in Vietnam are facing mounting pressure to adapt swiftly or risk being left behind.
According to each style
Sao Mai Center 1 & 2 are located within the grounds of Sao Mai Resort Vung Tau - Phu My city - Ba Ria Vung Tau province.
Free vocational training opportunities for young people who want to study abroad at 'Ánh Hồng Mikade'
Recently, Luster International Joint Stock Company, in collaboration with Ánh Hồng Mikade Co., Ltd., officially launched the Ánh Hồng Spa and Therapy Massage Vocational Training Academy at Ho Chi Minh City.
Foreign Trade Entrepreneurs – reaching out to the world: A practical perspective on agricultural exports and logistics
Recently, the event "Foreign Trade Entrepreneurs – Reaching out to the world", organized by the Foreign Trade Business Association (FBA) in Ho Chi Minh City, brought together over 200 entrepreneurs, business owners.....
Attracting investment in renewable energy – Driving the green economy
In addition to attracting capital, proactive land-use policies and comprehensive implementation plans will contribute to ensuring the sustainable development of the renewable energy sector.
“Green treasure” in the heart of the Mekong Delta
When people mention Trà Sư Cajuput Forest, they immediately think of an expansive green area, about 850 hectares in size, located in Tịnh Biên District (An Giang).
Ascend the moutain to welcome the new year
In the days leading up to Tet 2025, the gentle chill of spring begins to make its way into the West, merging with the bustling preparations of families welcoming the New Year.