Vietnam: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Vietnam

The Vietnamese market for building blocks and bricks of cement, concrete or artificial stone rose rapidly to $X in 2021, with an increase of 5.9% against the previous year. Over the period under review, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Vietnam

In value terms, production of building blocks and bricks of cement, concrete or artificial stone expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Vietnam

In 2021, the amount of building blocks and bricks of cement, concrete or artificial stone exported from Vietnam soared to X tons, growing by 44% on 2020. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 123% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 76% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Vietnam, with a 48% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by Australia (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +46.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.6% per year) and Australia (+26.5% per year).

In value terms, the United States ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Vietnam, comprising 46% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total exports. It was followed by Australia, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.8% per year) and Australia (+14.3% per year).

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, waning by -15.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Singapore ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Vietnam

Imports of building blocks and bricks of cement, concrete or artificial stone into Vietnam dropped markedly to X tons in 2021, which is down by -58.8% on the previous year. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 2,244%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone reduced dramatically to $X in 2021. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,459%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

France (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of imports of building blocks and bricks of cement, concrete or artificial stone to Vietnam, together accounting for 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +77.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest building blocks and bricks of cement, concrete or artificial stone suppliers to Vietnam, together accounting for 84% of total imports.

France, with a CAGR of +52.4%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2019 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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