SUMMARY:

4M 2026: The global wood and furniture market remained weak and increasingly fragmented. Demand for imported wooden furniture continued to soften, with the United States recording a sharp decline of 24.8% YoY due to subdued residential furniture consumption. Non-U.S. markets exhibited mixed performance, albeit at smaller scales.

Vietnam continued to gain market share in the U.S., reaching 48.6%. Vietnam’s wooden furniture exports declined marginally by 1.4% YoY, outperforming China (-6.5% YoY) and other major exporters, which recorded contractions of 7–14% YoY.

5M 2026: Vietnam’s wood production and exports maintained positive growth momentum. The industry’s Industrial Production Index (IIP) increased by 9–12% YoY. Export turnover reached USD 7.02 billion, up 2.9% YoY, primarily driven by wood chips, panels, pellets, and wooden-frame chairs. However, several wooden furniture categories declined significantly, ranging from 7% to 26% YoY. Vietnam’s market share in the U.S. further expanded to 49.6%. Domestic raw material supply reached 8.3 million cubic meters, up 8.4% YoY.

2H 2026 Outlook: Export performance is expected to improve modestly, supported by orders from China, Japan, the EU, and selected niche markets. However, profit margins are likely to face continued pressure from rising input costs, logistics expenses, interest rates, and compliance-related costs. Policy risks from the United States, Europe, and Canada remain elevated, particularly in the form of tariff measures, EUDR requirements, and trade remedy investigations.

MỤC LỤC:

A. EXECUTIVE SUMMARY

B. GLOBAL WOODEN FURNITURE MARKET

Overview of Imports by Major Consumption Markets / by Product Category
Overview of Exports by Key Markets / by Product Category
China’s Export Performance
U.S. Import Trends
Market Share of Major Suppliers Across Selected Markets

C. VIETNAM WOOD & WOOD PRODUCTS: PRODUCTION AND EXPORT PERFORMANCE

Industrial Production and Consumption Indicators (Wood Processing & Wooden Furniture)
Capacity Utilization of Machinery and Equipment (Quarterly)
Export Value of Wood and Wood Products
Export Value by Enterprise Type (FDI vs. Domestic)
Export Market Structure
Market-specific Export Trends
Export Product Mix
Product-specific Export Markets
Top Exporters: Wooden Furniture / Wood Chips / Wood Pellets

D. DOMESTIC AND IMPORTED RAW MATERIAL SUPPLY

Newly Planted Forest Area in Vietnam
Domestic Timber Harvest Output
Timber Production by Key Provinces
Import Value of Wood and Wood Products
Import Volume of Raw Timber
Import Structure by Product Type and Key Suppliers
Import Markets of Wood and Wood Products
Import Trends from Major Suppliers
Global Sawn Timber Price Trends

E. APPENDIX

Appendix 1: Vietnam’s Trade Balance of Wood and Wood Products
Appendix 2: Top Export Markets for Vietnam’s Wood and Wood Products
Appendix 3: Export Product Categories of Wood and Wood Products
Appendix 4: Import Turnover of Wood and Wood Products
Appendix 5: Top Import Sources of Wood and Wood Products into Vietnam

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