In the first 8 months of 2022, Vietnam exported 1.3 billion USD worth of paper and paper products, up 21.6% over the same period in 2021.
In August 2022, Vietnam’s paper exports reached 170 million USD, down 2.1% over July 2022 and up 19.3% compared to August 2021.
Data from the General Department of Customs shows that Vietnam’s paper exports in the first 7 months of 2022 reached 1.13 billion USD, up 21.6% over the same period in 2021.
In July 2022, paper exports were equivalent to 173.6 million USD, up 5.1% over June 2022 and 23.1% over July 2021.
In the first 7 months of 2022, Vietnam mainly exported paper to the US, China, and Cambodia. Exports to the US were up 31.2% over the same period in 2021, and to Cambodia up 38.9%. Exports to China decreased by 16.3%. The total volume exported to these three markets in the first 7 months of 2022 accounted for 49.1% of Vietnam’s total paper export turnover.
In August 2022, Vietnam’s paper of all kinds imports reached 190 thousand tons, equivalent to a turnover of 195 million USD, up 5.7% in volume and 4.9% in turnover over July. Those numbers were an increase of 12.7% in volume and 17.2% in turnover compared to August 2021.
In the first 8 months of 2022, paper of all kinds imports of Vietnam reached 1.54 million tons, with a turnover of 1.55 billion USD, down 3.9% in volume and up 5.0% in turnover over the same period in 2021.
In the first 7 months of 2022, Vietnam imported 1.35 million tons of paper of all kinds, equivalent to 1.35 billion USD in turnover, down 5.9% in volume and up 3.4% in turnover over the same period in 2021.
Imports of paper of all kinds to Vietnam in July 2022 were 179.8 million tons, with a turnover of 186.2 million USD, down 11.5% in volume and 12.7% in turnover over June 2022. Compared to July 2021, the number decreased by 3.9% in turnover and increased by 2.04% in turnover.
In the first 7 months of 2022, Vietnam mostly imported paper from China, Japan, Indonesia, and Korea, accounting for 69.3% of the total paper import turnover. Imports from the mentioned markets increased over the same period in 2021, especially imports from the Indonesian market decreased by 19.6% in volume and 10.5% in turnover compared to the same period in 2021.
Notably, paper imports from the Malaysian market increased sharply in the first 7 months of 2022, up 93.5% in volume and 89.4% in turnover compared to the same period in 2021, reaching 69.9 thousand tons, with a turnover of 60.2 million USD.
Mr. Hoang Trung Son - Vice Chairman of the Vietnam Pulp and Paper Association, said that Vietnam has changed from a country that imports paper for consumption to a country that can export all kinds of paper, especially packaging. In the 5 years from 2015 to 2020, the export of the paper industry has increased by an average of over 65%/year.
Particularly, in 2021, the average output of the paper industry will reach over 25%/year, the demand for consumer paper will increase by over 12%/year, and imports will also increase from 3%/year on average.
According to the Association's forecast, in the period 2021-2025, Vietnam's paper industry will continue to maintain high growth momentum and make a breakthrough with the main products being packaging paper and tissue.
The US is Vietnam's largest export market for paper and paper products, accounting for 26.2% of total export turnover.
The US is a market with a huge demand for importing paper and paper products, with an annual import turnover of about 15-17 billion USD. In the first 6 months of 2022 alone, the import of paper and paper products to the US has reached over 9.6 billion USD.
Imports of paper and paper products into the US in the first 6 months of 2022 are on an uptrend. Specifically, the US increased imports from markets such as Canada, which increased by 22.0% over the same period in 2021, China by 32.8%, Mexico by 28.6%, Germany by 32.1%, South Korea by 34.5%, etc. In contrast, the US reduced imports from Finland by 0.9%, Malaysia by 10.9%, and Israel by 25.6%.
Import of paper and paper products from Vietnam to the US market increased sharply in the first 6 months of 2022, up 47.3% over the same period in 2021. Currently, Vietnam is the 7th largest source of paper and paper products supplier to the US, out of a total of 161 countries and territories supplying this product to the US, accounting for nearly 2.9% of the market share.
The US's reduction in imports of paper and paper products from key markets such as Finland and a sharp increase in imports of this product from Vietnam in the context of Vietnam's market share of paper and paper products in the US remains low. The low will create opportunities for Vietnamese paper enterprises to expand their market share in the US in the coming time.
(First 7 months of 2022)
Topping the list of top paper importers in Vietnam in the first 7 months of 2022 is CP Paper Corporation, with a turnover of 85,947 thousand USD. Followed in second and third places are Tetra Pak Binh Duong Joint Stock Company and An Viet Phat Energy Company Limited, with turnovers of 43,871 thousand USD and 30,074 thousand USD, respectively.
Tetra Pak Vietnam Joint Stock Company and Mekong Paper Trading Production Joint Stock Company claimed the fourth and fifth ranks with turnovers of 29,896 thousand USD and 20,483 thousand USD, respectively.
Source: The Ministry of Industry and Trade
Compiled by VietnamCredit
