Vietnam: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Vietnam

The Vietnamese articles of fiber cement market dropped to $X in 2022, waning by -13.5% against the previous year. Over the period under review, consumption recorded a deep reduction. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Vietnam

In value terms, articles of fiber cement production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Vietnam

In 2022, exports of articles of asbestos-cement, cellulose fiber-cement or the like from Vietnam shrank to X tons, falling by -14.8% against the previous year's figure. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 95%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 62% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons), Mozambique (X tons) and Japan (X tons) were the main destinations of articles of fiber cement exports from Vietnam, with a combined 68% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +245.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Vietnam, comprising 21% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.0% per year) and Japan (-5.9% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, growing by 9.5% against the previous year. In general, the export price posted noticeable growth. The growth pace was the most rapid in 2020 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Vietnam

Articles of fiber cement imports into Vietnam fell significantly to X tons in 2022, with a decrease of -82.5% on the year before. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by 118% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 with an increase of 32%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of articles of fiber cement to Vietnam, accounting for a 82% share of total imports. Moreover, articles of fiber cement imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +22.7%.

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Vietnam, comprising 77% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +21.9%.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, picking up by 137% against the previous year. In general, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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