Vietnam: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Vietnam

The Vietnamese prepared additives for cements market declined to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a deep reduction. Prepared additives for cements consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in Vietnam

In value terms, prepared additives for cements production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Prepared additives for cements production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Vietnam

In 2022, overseas shipments of prepared additives for cements, mortars or concretes increased by X% to X tons, rising for the sixth year in a row after two years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, prepared additives for cements exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons), the United Arab Emirates (X tons) and Mexico (X tons) were the main destinations of prepared additives for cements exports from Vietnam, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from Vietnam were Cambodia ($X), the United Arab Emirates ($X) and Mexico ($X), together comprising X% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Pakistan ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Vietnam

Prepared additives for cements imports into Vietnam contracted to X tons in 2022, which is down by X% on the previous year's figure. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports fell to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest prepared additives for cements supplier to Vietnam, accounting for a X% share of total imports. Moreover, prepared additives for cements imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The United States (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 South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Vietnam, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform