Vietnam: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Vietnam

In 2021, the Vietnamese market for articles of asbestos-cement, of cellulose fibre-cement increased by 20% to $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Vietnam

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Vietnam

In 2021, shipments abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -54.8% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of 376%. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement contracted sharply to $X in 2021. Over the period under review, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 201% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons), Togo (X tons) and Cambodia (X tons) were the main destinations of exports of articles of asbestos-cement, of cellulose fibre-cement from Vietnam, together accounting for 92% of total exports. Lao People's Democratic Republic and the Philippines lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), the Philippines ($X) and Togo ($X) constituted the largest markets for articles of asbestos-cement, of cellulose fibre-cement exported from Vietnam worldwide, with a combined 85% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +23.8%, recorded 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

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 79% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Vietnam

In 2021, the amount of articles of asbestos-cement, of cellulose fibre-cement imported into Vietnam soared to X tons, growing by 56% compared with the year before. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 900% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 1,843% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Vietnam, accounting for a 74% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold. The third position in this ranking was held by Indonesia (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.3% per year) and Indonesia (+8.6% per year).

In value terms, Indonesia ($X), Thailand ($X) and China ($X) constituted the largest articles of asbestos-cement, of cellulose fibre-cement suppliers to Vietnam, with a combined 72% share of total imports.

Indonesia, with a CAGR of +70.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 160% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+57.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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