The Vietnam plywood market size reached USD 200.80 Million in 2024. The market is projected to reach USD 298.92 Million by 2033, exhibiting a growth rate (CAGR) of 4.52% during 2025-2033. Rising export-oriented production is driving the demand for large-scale, efficient, and high-quality plywood manufacturing. As the government is spending resources on roads, bridges, airports, industrial parks, schools, and hospitals, there is a growing need for construction materials like plywood that are strong, lightweight, and easy to handle. This is fueling the Vietnam plywood market share.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 200.80 Million |
Market Forecast in 2033 | USD 298.92 Million |
Market Growth Rate 2025-2033 | 4.52% |
Increasing export-oriented production
Rising export-oriented production is positively influencing the market. Based on Volza's Vietnam Export data, Vietnam shipped 1,890,872 consignments of plywood from November 2023 to October 2024 (TTM). Vietnam is focusing heavily on producing plywood for international markets, such as the United States, Japan, South Korea, and the EU. As global buyers are looking for reliable and affordable plywood suppliers, Vietnam’s competitive pricing, skilled labor, and steady raw material supply are making it an attractive option. Manufacturers are investing in better machinery, technology, and quality control to meet strict export standards, which improves the overall capacity and quality of the plywood industry. Export-oriented production also encourages the use of certified and eco-friendly wood, as international markets often require sustainability standards. The steady flow of foreign orders gives local producers financial stability. It is also creating jobs and strengthening Vietnam’s reputation as a major plywood supplier. The emphasis on exports is leading to specialization in different grades and types of plywood, such as moisture-resistant and marine plywood, tailored to customer needs. As international demand is growing, factories are scaling up and innovating to stay competitive. This export-based approach is supporting the continuous modernization of the industry.
Growing infrastructure development
Rising infrastructure development is impelling the Vietnam plywood market growth. As the government is investing in roads, bridges, airports, industrial parks, schools, and hospitals, there is an increasing need for construction materials like plywood that are strong, lightweight, and easy to handle. Plywood is commonly used for formwork in concrete casting, temporary structures, scaffolding platforms, wall paneling, and flooring. Its cost-effectiveness and reusability make it ideal for large-scale infrastructure projects. As Vietnam continues to urbanize and expand its transport and utility networks, construction activity is rising sharply, boosting plywood utilization. The rapid growth of industrial zones and public infrastructure is also attracting more private investment, further catalyzing the demand. Additionally, plywood manufacturers are benefiting from bulk orders and long-term contracts, encouraging them to broaden production capacity and improve item quality. Infrastructure development also improves logistics and transportation, helping plywood factories distribute their products more efficiently across the country. Overall, Vietnam’s burgeoning construction sector is driving continuous demand for plywood and strengthening the entire wood processing industry. As per industry reports, the Vietnam construction industry is projected to grow by 6% in 2025.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on application and sector.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes residential and commercial.
Sector Insights:
A detailed breakup and analysis of the market based on the sector have also been provided in the report. This includes new construction and replacement.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Applications Covered | Residential, Commercial |
Sectors Covered | New Construction, Replacement |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: