Vietnam is famous for providing a wide range of appealing export items. Entrepreneurs are always on the hunt for potential business opportunities.
Padouk is one of the most popular products from this country. This post will cover all you need to import padouk wood from Vietnam. Let’s read on to discover!
Padouk is a tropical hardwood species found in Coastal and Western Africa. It involves a large number of species in the Pterocarpus group.
It is an essential resource because of its endurance, hardness, and stability when processing. Its red hue also makes it stand out.
The wood oxidizes with time, just like purpleheart and cherry. As a result, a chemical reaction changes its color, at least in appearance.
There are tons of padouk species out there, but we only mention the big three groups right here:
The heartwood can be light orange or dark brown-red. It darkens after being chopped. Meanwhile, the texture is coarse and open, with a natural gloss, and has a characteristic straight pattern.
This species is extremely hardy and has excellent rot resistance. It’s a breeze to work with, and it polishes, adhesives, and bends well.
Even though it has a distinct red tint, it blackens over time, even when covered with UV-inhibiting treatments. However, this species 0 is still a favorite option among woodworkers due to its strength, flexibility, and durability.
Burma has a lighter tint than the African variety, with a richer yellow-red heartwood that turns golden brown over time.
Burma has a greater density, and its interlocking grains make processing it more challenging.
It does, though, finish, bend, and glue nicely. It also has a subtle floral fragrance when worked.
This variety is famous for its interlocked grains and coarse texture. It’s a hardwood that varies in color from light orange to reddish-brown.
Andaman, like Burma and African species, changes color when cut. It turns out deep brown with a tint of purple.
This wood is both sturdy and resistant to rot, insects and termites. It glues, polishes, and bends well, with a bit of risk of tear-out when sanding on both interlocking and quartersawn faces.
>> Read More: How To Import Wood Shavings From Vietnam?
Current Market For Importing Vietnamese Padouk
Vietnam is an ideal destination for those who get interested in this sector. Its export value from major importers has remained stable over the years.
According to the General Department for Agricultural Products Processing and Market Development, the export value reached $6.6 billion during the first five months of 2021, rising 61.3% over the previous year.
Most businesses have received orders that will last until the end of 2021, 30% more than in 2020.
The United States is the largest importer, contributing to 60.4% of all sales, followed by China (9.9%), Japan (9.5%), and South Korea (5.7%).
Vietnamese padouk products have made their mark in various countries across the world, where people highly appreciate them for their technology and design.
Vietnam has attracted a lot of big countries thanks to its high-quality products. The most major ones are the USA, Japan, China, South Korea, and Australia.
Wooden products exports to the United States may reach $8.8 billion in 2021, up 22.4% from 2020.
With the advantages of the marketplace, experts predict that exports of these products to the United States will exceed $10 billion in 2022.
Asian countries also account for a significant proportion of the trade value. The great thing is that it rarely fluctuates.
Sales of wooden furniture to China totaled $135 million in 2018, which increased slightly the next year. Padouk wood accounted for 40% of total export revenue in this product category.
The Vietnamese wood sector has a high chance of developing in the next few years, with a goal of $20 billion in total export value by 2025.
This country has the advantage of labor, hard effort, ample raw materials from locally grown woods, and a team of talented entrepreneurs.
Furthermore, the country has joined free trade agreements like the EVFTA, CPTPP, and several others. As a result, the wood sector continues to have a free market with no tariff restrictions.
>>See More: Import Wood Laminated Bar From Vietnam – Export turnover and potential
How To Import Padouk Wood From Vietnam?
In Vietnam, the transportation procedure is complex. To begin, familiarize yourself with the following criteria.
Sea freight and air freight are the two primary means of transport for commodities. The sea option has become more popular since Vietnam is an ocean-facing country.
Businesses should have sufficient shipping labels for transporting to guarantee that delivery and customs procedures go smoothly.
Certificate of origin
Vietnamese exporters don’t have to prove that their items are of Vietnamese origin. However, you will have to get a Certificate of Origin from a Vietnamese firm in many cases.
Clients in countries where Vietnam has signed FTAs (Free Trade Agreements) can submit Certificates of Origin to take advantage of special tax benefits.
Other essential documents
Regulators will ask you for the following papers, depending on your commodity:
- Bill of lading
- Export permit
- Commercial invoice
- Form of customs export declaration
- Packing list
- Technical standard certificate
>> More: With a total forest area of 14.6 million hectares, Vietnam has a lot of benefits from exporting wood. On the other hand, many countries want to import wooden logs from Vietnam.
As you can see, the whole trading process in this country is not as easy as it may sound. So, how can you simplify it?
Vncomex has been there to help raise the value of Vietnamese goods and advertise them to global customers and markets.
We’ve been working hard to earn your faith and confidence based on four core values:
- Resources available to suit your requirements.
- The attitude of kindness and professionalism.
- Workers with advanced degrees.
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Trading in this country will be easily accessible with our support.
We’ve given you valuable information on the topic of “import padouk wood from Vietnam.” Hopefully, it will help you make the best decision possible.
Vncomex is here to help whether you’re having trouble exporting or just want to make the process easier. Thank you for reading!