Vietnam: Dolomite Market 2024

Dolomite Market Size in Vietnam

The Vietnamese dolomite market rose modestly to $X in 2021, growing by 1.6% against the previous year. Over the period under review, consumption, however, continues to indicate a mild reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Dolomite Production in Vietnam

In value terms, dolomite production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Dolomite Exports

Exports from Vietnam

In 2021, overseas shipments of chalk and dolomite increased by 19% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 197% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, dolomite exports soared to $X in 2021. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 203% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of dolomite exports from Vietnam, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +78.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dolomite exported from Vietnam were Poland ($X), Bangladesh ($X) and Japan ($X), with a combined 49% share of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +94.9%, recorded the highest rates of growth with regard to 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

In 2021, the average dolomite export price amounted to $X per ton, picking up by 51% against the previous year. Overall, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Japan (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dolomite Imports

Imports into Vietnam

After three years of growth, overseas purchases of chalk and dolomite decreased by -3.5% to X tons in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 136%. Over the period under review, imports reached the maximum at X tons in 2020, and then fell in the following year.

In value terms, dolomite imports expanded modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 148%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main dolomite supplier to Vietnam, accounting for a 93% share of total imports. Moreover, dolomite imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+38.3% per year) and Norway (+31.8% per year).

In value terms, China ($X) constituted the largest supplier of chalk and dolomite to Vietnam, comprising 97% of total imports. The second position in the ranking was taken by Norway ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+25.7% per year) and Australia (+10.5% per year).

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, surging by 7.2% against the previous year. Overall, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 when the average import price increased by 30%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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