Vietnam: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Vietnam

The Vietnamese market for boards, sheets, panels, tiles and similar articles of plaster faced with paper fell remarkably to $X in 2021, with a decrease of -64.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a drastic downturn. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports from Vietnam

In 2021, overseas shipments of boards, sheets, panels, tiles and similar articles of plaster faced with paper decreased by -25.7% to X square meters, falling for the third year in a row after four years of growth. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 103%. Over the period under review, the exports of reached the peak figure at X square meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted dramatically to $X in 2021. Overall, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of 127% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Cambodia (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Vietnam, accounting for a 80% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Cambodia exceeded the volume sent to the second major destination, China (X square meters), ninefold. Sri Lanka (X square meters) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+159.5% per year) and Sri Lanka (+59.7% per year).

In value terms, Cambodia ($X) emerged as the key foreign market for boards, sheets, panels, tiles and similar articles of plaster faced with paper exports from Vietnam, comprising 79% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Sri Lanka, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+90.9% per year) and Sri Lanka (+51.5% per year).

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, reducing by -21.8% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for boards, sheets, panels, tiles and similar articles of plaster faced with paper increased by +30.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 48%. As a result, the export price reached the peak level of $X per square meter, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Sri Lanka ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports into Vietnam

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster faced with paper were imported into Vietnam; waning by -64.3% compared with the year before. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. Over the period under review, imports of reached the maximum at X square meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted markedly to $X in 2021. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 39%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X square meters), Thailand (X square meters) and China (X square meters) were the main suppliers of imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Vietnam, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +230.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Vietnam, comprising 62% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Thailand, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+182.1% per year) and Thailand (-21.8% per year).

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2020 an increase of 17% against the previous year. The import price peaked in 2021 and is expected to retain 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 China ($X per square meter), while the price for Japan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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