Vietnam - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Vietnam - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends And Insights

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Bituminous Mixtures Price in Vietnam - 2021

Contents:

  1. Bituminous Mixtures Price in Vietnam (CIF) - 2022
  2. Bituminous Mixtures Price in Vietnam (FOB) - 2022
  3. Bituminous Mixtures Imports in Vietnam
  4. Bituminous Mixtures Exports in Vietnam

Bituminous Mixtures Price in Vietnam (CIF) - 2022

In 2022, the average bituminous mixtures import price amounted to $1,016 per ton, remaining constant against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $1,261 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($1,664 per ton), while the price for Iran ($439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.0%), while the prices for the other major suppliers experienced a decline.

Bituminous Mixtures Price in Vietnam (FOB) - 2022

The average bituminous mixtures export price stood at $1,122 per ton in 2022, waning by -21.6% against the previous year. Overall, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 26%. As a result, the export price reached the peak level of $1,432 per ton, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,579 per ton), while the average price for exports to Australia ($1,006 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+1.9%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports in Vietnam

In 2022, after three years of growth, there was decline in purchases abroad of bituminous mixtures, when their volume decreased by -0.3% to 4.1K tons. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 2.4% against the previous year. As a result, imports reached the peak of 4.1K tons, leveling off in the following year.

In value terms, bituminous mixtures imports reached $4.2M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 4.5% against the previous year. As a result, imports attained the peak of $4.2M; afterwards, it flattened through to 2022.

Import of Bituminous Mixtures in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia2,1461,9171,6031,981-2.6%
Thailand8901,2551,1071,1699.5%
South Korea2903284592900.0%
China1331424351412.0%
Iran162154139134-6.1%
Singapore13.717.538.165.968.8%
Others410413371408-0.2%
Total4,0454,2274,1524,1891.2%

Top Suppliers of Bituminous Mixtures to Vietnam in 2022:

  1. Malaysia (1927.4 tons)
  2. Thailand (1160.2 tons)
  3. Iran (305.9 tons)
  4. South Korea (174.4 tons)
  5. China (129.2 tons)
  6. Singapore (63.1 tons)

Bituminous Mixtures Exports in Vietnam

In 2022, shipments abroad of bituminous mixtures was finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a deep reduction.

In value terms, bituminous mixtures exports amounted to $1.2M in 2022. In general, exports, however, showed a deep contraction.

Export of Bituminous Mixtures in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia1,183861765888-9.1%
Japan330305248183-17.8%
Lao People's Democratic Republic61.849.020315636.2%
Others17.546.09.115.8-3.3%
Total1,5921,2611,2251,243-7.9%

Top Export Markets for Bituminous Mixtures from Vietnam in 2022:

  1. Australia (882.7 tons)
  2. Japan (121.2 tons)
  3. Lao People's Democratic Republic (98.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bituminous mixtures market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

Country coverage:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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