🔹 1. Growing Plywood Demand in the EU & Middle East Toward the End of 2024
After the slowdown during 2022–2023 caused by inflation and rising financial costs, the European market is now showing clear signs of recovery:
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Construction material demand is rebounding from Q4/2024
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EU importers prioritize stable, transparent, and politically low-risk supply sources
In the Middle East (UAE, Saudi Arabia), construction activity continues to grow rapidly, driving strong demand for:
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Film Faced Plywood for concrete formwork
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Commercial Plywood for furniture, interior design, and architectural applications
🔹 2. Shifting Supply Chains – Vietnam Gaining Significant Market Share
Countries such as Russia, Belarus, and Brazil are facing logistics disruptions and trade restrictions, leading EU buyers to search for suppliers offering:
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Consistent and reliable quality
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On-time delivery
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FSC certification & EUDR compliance
Vietnam is emerging as a top-tier alternative thanks to:
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Abundant plantation wood resources (Acacia, Eucalyptus, Styrax)
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Strong improvements in veneer production and hot-pressing technology
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Flexible production scheduling
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Competitive overall cost structure
