VIETNAM CEMENT INDUSTRY
In the past decade, the global cement volume increased sharply from xxxx billion in 2002 to x billion tons in 2018. The world cement consumption tends to grow over the years. The cement exports in the world grew relatively slowly and fluctuated over the years.
Vietnam cement market continues to have oversupply. In Q4/2019, the total supply of cement of the whole industry increased by xx% compared to the same period of 2018. Regarding the quantity demanded, the cement consumption amount reached xx.x million tons and remained stable compared to the same period of 2018.
In Q4/2019, the cement production as well as consumption output in the 3 regions North, Central and South increased compared to 2018. Vietnam's cement and clinker exports reached x.xx million tons, continued to grow equivalent to the same period of 2018.
From the beginning of 2016 to the end of Q4/2019, the cement export price in Hon Gai was basically stable at 46.5 USD/ton, the export clinker price was 30 USD/ton FOB Cam Pha. Direct sales for projects and industrial customers will be a new development trend in this area over the next few years.
It is forecast in the period 2018 - 2020, the increase in demand will be stable at 6-7%, while the supply will continue to increase. According to Vietnam Cement Association, in 2019, the cement products consumption of the domestic market reached about xx million tons, the exports of cement products can reach xx million tons. The author forecasts that the growth rate will be about 8%/year in the period of 2020 - 2030, and in 2024 - 2025 Vietnam will basically balance supply and demand.
In the past decade, the global cement volume increased sharply from xxxx billion in 2002 to x billion tons in 2018. The world cement consumption tends to grow over the years. The cement exports in the world grew relatively slowly and fluctuated over the years.
Vietnam cement market continues to have oversupply. In Q4/2019, the total supply of cement of the whole industry increased by xx% compared to the same period of 2018. Regarding the quantity demanded, the cement consumption amount reached xx.x million tons and remained stable compared to the same period of 2018.
In Q4/2019, the cement production as well as consumption output in the 3 regions North, Central and South increased compared to 2018. Vietnam's cement and clinker exports reached x.xx million tons, continued to grow equivalent to the same period of 2018.
From the beginning of 2016 to the end of Q4/2019, the cement export price in Hon Gai was basically stable at 46.5 USD/ton, the export clinker price was 30 USD/ton FOB Cam Pha. Direct sales for projects and industrial customers will be a new development trend in this area over the next few years.
It is forecast in the period 2018 - 2020, the increase in demand will be stable at 6-7%, while the supply will continue to increase. According to Vietnam Cement Association, in 2019, the cement products consumption of the domestic market reached about xx million tons, the exports of cement products can reach xx million tons. The author forecasts that the growth rate will be about 8%/year in the period of 2020 - 2030, and in 2024 - 2025 Vietnam will basically balance supply and demand.
Table of Contents
AbbreviationsExecutive Summary
1. Business environment
2. World market
3. Current situation in Vietnam cement industry
4. Risks of the industry
5. Industry planning and forecast
6. Business analysis
7. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ha Tien 1 Cement Joint Stock Company
- Vissai Ninh Binh Cement Corporation
- Nghi Son Cement Company
- VICEM Hoang Thach Cement Company
- Bim Son Cement Joint Stock Company
- VICEM But Son Cement Joint Stock Company
- Thang Long Cement Joint Stock Company
- VICEM Hoang Mai Cement Joint Stock Company
- Quang Ninh Cement and Construction Joint Stock Company
- Sai Son Cement Joint Stock Company
Methodology
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