Vietnam: Asbestos Market 2022

Asbestos Market Size in Vietnam

In 2020, the Vietnamese asbestos market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Asbestos Exports

Exports from Vietnam

In 2020, shipments abroad of asbestos decreased by X% to X kg, falling for the second consecutive year after five years of growth. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, asbestos exports stood at $X in 2020. Over the period under review, exports showed a sharp slump. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for asbestos exports from Vietnam, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Brunei Darussalam was relatively modest.

From 2007 to 2018, the average annual growth rate of value to Brunei Darussalam was relatively modest.

Export Prices by Country

The average asbestos export price stood at $X per ton in 2018, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2013 to 2018, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.

From 2007 to 2018, the rate of growth in terms of prices for Brunei Darussalam amounted to X% per year.

Asbestos Imports

Imports into Vietnam

In 2020, the amount of asbestos imported into Vietnam dropped modestly to X tons, approximately reflecting the previous year's figure. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, asbestos imports skyrocketed to $X in 2020. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Russia (X tons) constituted the largest asbestos supplier to Vietnam, accounting for a X% share of total imports. Moreover, asbestos imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2007 to 2020, the average annual growth rate of volume from Russia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Kazakhstan (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of asbestos to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Russia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Kazakhstan (+X% per year).

Import Prices by Country

The average asbestos import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Russia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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