Cement Network Report: Vietnam Cement and Clinker Export Trend Analysis

2024-10-15 13:07:56

Vietnam is the largest exporter of cement and clinker, with an annual export of 30 million tons of cement and clinker. China, the Philippines and Bangladesh are the main export countries of Vietnam in Asia. With the decrease of China's demand, the export of cement and clinker from Vietnam to China has also declined. Vietnam is now increasing the export of cement and clinker to the Philippines and Bangladesh. To make up for the loss of market share of cement and clinker exported to China.

1. In recent years, Vietnam's cement and clinker export volume and total export volume have declined

. Vietnam's total cement production capacity is 12234 million tons per year, domestic consumption is less than 60 million tons per year, and export volume is 30 million tons per year. Vietnam began to export cement and clinker very early. It is the largest exporter of cement and clinker. From 2014 to 2024, Vietnam's total cement and clinker exports experienced a period from increase to decrease, from more than 20 million tons to 45 million tons, and then from 45 million tons to about 30 million tons. From January to September 2024, Vietnam exported 22.517 million tons of cement and clinker, a year-on-year decrease of 4.4%, and a total export of 860 million US dollars, a year-on-year decrease of 15.2%.

Table 1: Vietnam Cement and Clinker Exports

, 2014-2024 Data Source: Cement Big Data (https://data.ccement.com/), Vietnam Customs General Administration

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.