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Vietnam - Asbestos - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Asbestos Market 2022

Asbestos Market Size in Vietnam

In 2020, the Vietnamese asbestos market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Asbestos Exports

Exports from Vietnam

In 2020, shipments abroad of asbestos decreased by X% to X kg, falling for the second consecutive year after five years of growth. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, asbestos exports stood at $X in 2020. Over the period under review, exports showed a sharp slump. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for asbestos exports from Vietnam, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Brunei Darussalam was relatively modest.

From 2007 to 2018, the average annual growth rate of value to Brunei Darussalam was relatively modest.

Export Prices by Country

The average asbestos export price stood at $X per ton in 2018, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2013 to 2018, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.

From 2007 to 2018, the rate of growth in terms of prices for Brunei Darussalam amounted to X% per year.

Asbestos Imports

Imports into Vietnam

In 2020, the amount of asbestos imported into Vietnam dropped modestly to X tons, approximately reflecting the previous year's figure. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, asbestos imports skyrocketed to $X in 2020. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Russia (X tons) constituted the largest asbestos supplier to Vietnam, accounting for a X% share of total imports. Moreover, asbestos imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2007 to 2020, the average annual growth rate of volume from Russia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Kazakhstan (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of asbestos to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Russia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Kazakhstan (+X% per year).

Import Prices by Country

The average asbestos import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Russia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for asbestos in the world?

The countries with the highest volumes of asbestos consumption in 2020 were India, China and Russia, with a combined 55% share of global consumption. These countries were followed by Uzbekistan, Indonesia, Sri Lanka, Thailand, Vietnam, Bangladesh and Poland, which together accounted for a further 30%.

What are the largest producers of asbestos in the world?

Russia remains the largest asbestos producing country worldwide, comprising approx. 58% of total volume. Moreover, asbestos production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. China ranked third in terms of total production with a 9.8% share.

What are the leading suppliers of asbestos to Vietnam?

In value terms, Russia constituted the largest supplier of asbestos to Vietnam, comprising 89% of total imports. The second position in the ranking was occupied by China, with a 8.8% share of total imports.

What is the average export price for asbestos in Vietnam?

In 2018, the average asbestos export price amounted to $373 per ton, declining by -18.3% against the previous year.

What is the average import price for asbestos in Vietnam?

In 2020, the average asbestos import price amounted to $481 per ton, picking up by 20% against the previous year.

This report provides an in-depth analysis of the asbestos 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 2025.

Product coverage:

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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