Vietnam: Porcelain Technical Ware Market 2024

Porcelain Technical Ware Market Size in Vietnam

In 2022, the Vietnamese porcelain technical ware market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, showed a noticeable expansion. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Porcelain Technical Ware Production in Vietnam

In value terms, porcelain technical ware production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Porcelain technical ware production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Porcelain Technical Ware Exports

Exports from Vietnam

In 2022, overseas shipments of porcelain ceramic wares for laboratory, technical, and chemical use decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted notably in the following year.

In value terms, porcelain technical ware exports shrank sharply to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Japan (X tons) was the main destination for porcelain technical ware exports from Vietnam, with a X% share of total exports. Moreover, porcelain technical ware exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, Japan ($X) remains the key foreign market for porcelain ceramic wares for laboratory, technical, and chemical use exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The average porcelain technical ware export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price posted notable growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Porcelain Technical Ware Imports

Imports into Vietnam

After eight years of growth, purchases abroad of porcelain ceramic wares for laboratory, technical, and chemical use decreased by X% to X tons in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, porcelain technical ware imports reduced markedly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of porcelain technical ware to Vietnam, with a X% share of total imports. Moreover, porcelain technical ware imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

In value terms, China ($X), Indonesia ($X) and Malaysia ($X) constituted the largest porcelain technical ware suppliers to Vietnam, together comprising X% of total imports.

Indonesia, with a CAGR of X%, 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 2022, the average porcelain technical ware import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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