Vietnam: Kaolin Market 2024

Kaolin Market Size in Vietnam

In 2023, the Vietnamese kaolin market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Kaolin Production in Vietnam

In value terms, kaolin production rose sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Kaolin Exports

Exports from Vietnam

After two years of growth, overseas shipments of kaolin and kaolinic clays decreased by X% to X tons in 2023. Overall, total exports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, kaolin exports declined to $X in 2023. Over the period under review, exports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

Japan (X tons) was the main destination for kaolin exports from Vietnam, with a X% share of total exports. Moreover, kaolin exports to Japan exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Indonesia (X% per year).

In value terms, Japan ($X) remains the key foreign market for kaolin and kaolinic clays exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the average kaolin export price amounted to $X per ton, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2022, and then contracted modestly in the following year.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Sri Lanka ($X per ton), while the average price for exports to South Korea ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Kaolin Imports

Imports into Vietnam

In 2023, supplies from abroad of kaolin and kaolinic clays decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, total imports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then fell in the following year.

In value terms, kaolin imports shrank rapidly to $X in 2023. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest kaolin supplier to Vietnam, with a X% share of total imports. Moreover, kaolin imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), eightfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of kaolin and kaolinic clays to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and the United States (X% per year).

Import Prices by Country

The average kaolin import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2022, and then contracted in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform