Export growth driven by Japan; rising supply pipeline raises medium-term risks Date: 16 Apr 2026 Coverage: Vietnam | Biomass | Wood Pellet Key takeaways Vietnam pellet exports +12.9% YoY in 2025, driven primarily by Japan (+41% YoY) South Korea demand contracted sharply (-36.7% YoY), marking structural decline Capacity expansion accelerating (+2.2mt since end-2023), with furth...
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