Report Vietnam - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Vietnam - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Abrasives Market 2023

Abrasives Market Size in Vietnam

After three years of growth, the Vietnamese abrasives market decreased by -32.1% to $X in 2021. In general, consumption, however, posted strong growth. Abrasives consumption peaked at $X in 2020, and then shrank rapidly in the following year.

Abrasives Exports

Exports from Vietnam

In 2021, the amount of abrasives (natural) exported from Vietnam skyrocketed to X tons, rising by 86% against 2020 figures. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,404%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, abrasives exports surged to $X in 2021. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 759%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for abrasives exports from Vietnam, with a 94% share of total exports. Moreover, abrasives exports to Cambodia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Cambodia stood at +111.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Indonesia (-42.6% per year).

In value terms, the largest markets for abrasives exported from Vietnam were the United States ($X), Cambodia ($X) and Indonesia ($X), with a combined 97% share of total exports.

Among the main countries of destination, Cambodia, with a CAGR of +125.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2016 when the average export price increased by 109% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+6.2%), while the prices for the other major destinations experienced a decline.

Abrasives Imports

Imports into Vietnam

After three years of growth, purchases abroad of abrasives (natural) decreased by -35.7% to X tons in 2021. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 88% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, abrasives imports contracted to $X in 2021. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 66%. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Indonesia (X tons) were the main suppliers of abrasives imports to Vietnam, together comprising 71% of total imports. These countries were followed by Malaysia, India, Japan, the United States and Germany, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +92.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Indonesia ($X) appeared to be the largest abrasives suppliers to Vietnam, together accounting for 70% of total imports. These countries were followed by Japan, Malaysia, India, the United States and Germany, which together accounted for a further 25%.

Malaysia, with a CAGR of +82.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average abrasives import price amounted to $X per ton, surging by 37% against the previous year. In general, the import price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for abrasives (natural) in the world?
+
Turkey constituted the country with the largest volume of abrasives consumption, comprising approx. 39% of total volume. Moreover, abrasives consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, threefold. India ranked third in terms of total consumption with a 5% share.
What are the largest producers of abrasives (natural) in the world?
+
Turkey constituted the country with the largest volume of abrasives production, comprising approx. 39% of total volume. Moreover, abrasives production in Turkey exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was taken by Greece, with a 10% share.
What are the leading suppliers of abrasives (natural) to Vietnam?
+
In value terms, Turkey, China and Indonesia were the largest abrasives suppliers to Vietnam, together accounting for 70% of total imports. These countries were followed by Japan, Malaysia, India, the United States and Germany, which together accounted for a further 25%.
What are the leading importers of abrasives (natural) from Vietnam?
+
In value terms, the largest markets for abrasives exported from Vietnam were the United States, Cambodia and Indonesia $266), together comprising 97% of total exports.
What is the average export price for abrasives (natural) in Vietnam?
+
In 2021, the average abrasives export price amounted to $440 per ton, increasing by 14% against the previous year.
What is the average import price for abrasives (natural) in Vietnam?
+
The average abrasives import price stood at $625 per ton in 2021, increasing by 37% against the previous year.

This report provides an in-depth analysis of the abrasives 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 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
• Prodcom 08992220 -
• Prodcom 08992230 -
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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