Wood Fuel Market Overview in Viet Nam
In value terms, wood fuel production reduced dramatically to $ in estimated in export prices. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of % y-o-y. As a result, production attained the peak level of $, and then dropped notably in the following year.
The revenue of the wood fuel market in Viet Nam contracted remarkably to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $, and then fell significantly in the following year.