Vietnam - Cement - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCement Price in Vietnam - 2022
Contents:
- Cement Price in Vietnam (FOB) - 2022
- Cement Price in Vietnam (CIF) - 2022
- Cement Exports in Vietnam
- Cement Imports in Vietnam
Cement Price in Vietnam (FOB) - 2022
In 2022, the average cement export price amounted to $46 per ton, surging by 3.7% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 6.9% against the previous year. As a result, the export price reached the peak level of $83 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($935 per ton), while the average price for exports to China ($52 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 Indonesia (+26.7%), while the prices for the other major destinations experienced a decline.
Cement Price in Vietnam (CIF) - 2022
The average cement import price stood at $178 per ton in December 2022, increasing by 2.1% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 an increase of 14% against the previous month. The import price peaked at $230 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($173 per ton), while the price for Malaysia amounted to $173 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.5%).
Cement Exports in Vietnam
In 2022, overseas shipments of cement decreased by -3.6% to 14M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 30% against the previous year.
In value terms, cement exports reduced to $647M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year.
| Export of Cement in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 254 | 321 | 446 | 381 | 14.5% |
| China | 92.4 | 159 | 189 | 162 | 20.6% |
| United States | 9.6 | 63.9 | 90.7 | 77.5 | 100.6% |
| South Africa | 38.7 | 35.7 | 54.3 | 47.0 | 6.7% |
| Peru | 36.2 | 34.9 | 40.5 | 35.7 | -0.5% |
| Hong Kong SAR | 24.5 | 31.4 | 39.1 | 33.4 | 10.9% |
| France | 2.9 | 2.4 | 24.0 | 20.5 | 91.9% |
| Cambodia | 29.8 | 17.3 | 10.1 | 18.7 | -14.4% |
| Malaysia | 21.8 | 8.8 | 18.3 | 16.1 | -9.6% |
| Others | -19.7 | -91.9 | -265.1 | -144.4 | 94.3% |
| Total | 490 | 582 | 647 | 647 | 9.7% |
Top Export Markets for Cement from Vietnam in 2022:
- Philippines (5.9M tons)
- China (3.1M tons)
- United States (1.3M tons)
- South Africa (0.8M tons)
- Peru (0.6M tons)
- Hong Kong SAR (0.6M tons)
- Cambodia (0.3M tons)
- France (0.3M tons)
- Malaysia (0.3M tons)
Cement Imports in Vietnam
In 2022, purchases abroad of cement was finally on the rise to reach 42K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a perceptible setback.
In value terms, cement imports soared to $7.6M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cement in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.3 | 0.4 | 5.2 | 135.1% |
| Thailand | 0.2 | 0.2 | 1.8 | 0.1 | -20.6% |
| Malaysia | 4.4 | 1.9 | 3.4 | N/A | -12.1% |
| Indonesia | 1.1 | 1.1 | 0.8 | N/A | -14.7% |
| United Arab Emirates | 0.1 | 0.6 | 0.3 | N/A | 73.2% |
| Others | 0.6 | 2.4 | -1.5 | 2.3 | 56.5% |
| Total | 6.8 | 6.4 | 5.1 | 7.6 | 3.8% |
Top Suppliers of Cement to Vietnam in 2022:
- Indonesia (undefinedK tons)
- China (43.1K tons)
- Thailand (0.3K tons)
- Malaysia (0.2K tons)
This report provides an in-depth analysis of the cement 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 23511210 - Portland cement
- Prodcom 23511290 - Other hydraulic cements
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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