SEATTLE, WA , March 28, 2014 (Viewpoint) -
Through the first decade of this century, Australia was the dominant supplier of hardwood chips to the Asian markets. For example, in 2007 the country accounted for 36% of all hardwood chips imported in Asia. But in 2011, Vietnam surpassed Australia for the top hardwood chip supplier slot, and in 2013 Vietnam had a commanding 38% market share (Figure 1). When Vietnam's woodchip exports (all hardwood) reached 5.4 million BDMT in 2011, a 36% jump in volume over the previous year, there were numerous questions about the sustainability of this trade flow and whether it might not just be a short-term spike. Instead the country's woodchip export volume expanded to 5.8 million BDMT in 2012 and then shocked the market by leaping another 30% in 2013 to more than 7.4 million BDMT. In a visit to Vietnam this month, I saw strong evidence that the availability of woodchip supply from Vietnam is not likely to abate any time soon, barring any interference with the market by the Vietnamese government.
Wood News Service subscribers - click here to read the full article.
Not a subscriber?
This article originally appeared on woodbiomass.com: RISI VIEWPOINT: Vietnam—no shortage of wood for the Asian woodchip markets!