Vietnam's cement and clinker exports have increased 30 times in the past decade (2010-2019), accounting for 32% of the industry's total consumption. And boost Vietnam's cement exports to a leading position in the world. However, the export benefit is not directly proportional to the increase in output. The average export price (FOB) at Vietnam's seaports is currently only about US $38.5/t (10% lower than domestic cement price),
as companies continue to slash prices to increase export competitiveness. According to
the report, the sharp decline in export prices was affected by the high transport costs associated with long distances and the relatively small volumes of products compared to the size of major export markets such as China, the Philippines and Bangladesh, which made it difficult to access distribution channels and had to sell raw materials quickly to factories in the region. In addition, in recent years, some countries have imposed trade defense taxes on Vietnamese cement.
According to the operation and production report of Vietnam Cement Corporation (Vicem) in September 2020 and the first nine months, in the first nine months, the state-owned enterprises were in the leading position in the cement market, with an output of more than 30 million tons, under the severe impact of the epidemic on the national economy. Due to the impact of the epidemic, seaports in some countries were closed and did not reopen until the end of April 2020, which had a huge impact on the export market of cement and clinker. Clinker export prices fell sharply year on year (from $39 to $29.5). Statistics from the Ministry of
Industry and Trade show that in September 2020, cement exports exceeded 28 million tons and US $1.034 billion, compared with 23.24 billion tons and US $973 million in the same period last year. The export volume and value of cement and clinker increased by nearly 21% and 6.2% respectively. But the increase in exports is due to a surge in exports, not a rise in prices.
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