Report Update Nov 1, 2024

Vietnam - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Vietnam

After two years of decline, the Vietnamese bituminous mixtures market increased by 11% to $X in 2021. In general, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Vietnam

In 2021, bituminous mixtures exports from Vietnam skyrocketed to X tons, jumping by 83% against 2020 figures. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 215% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bituminous mixtures exports surged to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 199%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Australia (X tons) was the main destination for bituminous mixtures exports from Vietnam, accounting for a 95% share of total exports. Moreover, bituminous mixtures exports to Australia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +97.0%.

In value terms, Australia ($X) remains the key foreign market for bituminous mixtures exports from Vietnam, comprising 95% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +72.1%.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, shrinking by -12.7% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 6.7%. 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 lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Lao People's Democratic Republic amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (-9.5%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Vietnam

In 2021, the amount of bituminous mixtures imported into Vietnam soared to X tons, picking up by 29% compared with the year before. Over the period under review, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 41%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bituminous mixtures imports soared to $X in 2021. In general, imports, however, recorded a deep slump. The growth pace was the most rapid in 2018 when imports increased by 24%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of bituminous mixtures imports to Vietnam, with a combined 86% share of total imports. These countries were followed by China, the UK, the United States and Taiwan (Chinese), which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and South Korea ($X) appeared to be the largest bituminous mixtures suppliers to Vietnam, with a combined 87% share of total imports. China, the UK, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 10%.

The UK, with a CAGR of +24.8%, recorded 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

The average bituminous mixtures import price stood at $X per ton in 2021, dropping by -7.5% against the previous year. In general, the import price showed a slight decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton), while the price for South Korea ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bituminous mixtures in the world?

The country with the largest volume of bituminous mixtures consumption was China, accounting for 23% of total volume. Moreover, bituminous mixtures consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of bituminous mixtures in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 39% share of global production. These countries were followed by Japan, France, Russia, Brazil, Indonesia, Italy, the UK, South Korea, Iran and Saudi Arabia, which together accounted for a further 33%.

What are the leading suppliers of bituminous mixtures to Vietnam?

In value terms, the largest bituminous mixtures suppliers to Vietnam were Malaysia, Thailand and South Korea, with a combined 86% share of total imports. China, the UK and the United States lagged somewhat behind, together comprising a further 8.7%.

What are the leading importers of bituminous mixtures from Vietnam?

In value terms, Australia remains the key foreign market for bituminous mixtures exports from Vietnam, comprising 95% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic, with a 4.8% share of total exports.

What is the average export price for bituminous mixtures in Vietnam?

The average bituminous mixtures export price stood at $1,100 per ton in 2021, waning by -3.4% against the previous year.

What is the average import price for bituminous mixtures in Vietnam?

The average bituminous mixtures import price stood at $1,035 per ton in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the bituminous mixtures market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023