Vietnam: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Vietnam

The Vietnamese market for clays for construction and industrial use was estimated at $X in 2022, increasing by 11% 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, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Clays For Construction and Industrial Use

Exports from Vietnam

After two years of decline, shipments abroad of clays for construction and industrial use increased by 4.4% to X tons in 2022. In general, exports showed a temperate expansion. The pace of growth was the most pronounced in 2019 when exports increased by 482%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of clays for construction and industrial use rose markedly to $X in 2022. Over the period under review, exports, however, showed a deep slump. The growth pace was the most rapid in 2019 with an increase of 411% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main destinations of exports of clays for construction and industrial use from Vietnam, together comprising 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for clays for construction and industrial use exported from Vietnam were Taiwan (Chinese) ($X), the UK ($X) and the Philippines ($X), with a combined 59% share of total exports. Thailand, Lao People's Democratic Republic, South Korea, Pakistan and Malaysia lagged somewhat behind, together comprising a further 28%.

South Korea, with a CAGR of +19.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for clays for construction and industrial use amounted to $X per ton, with an increase of 5% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 71%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clays For Construction and Industrial Use

Imports into Vietnam

In 2022, approx. X tons of clays for construction and industrial use were imported into Vietnam; growing by 8.8% on the previous year's figure. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2016 when imports increased by 70%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of clays for construction and industrial use expanded notably to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of clays for construction and industrial use to Vietnam, with a 48% share of total imports. Moreover, imports of clays for construction and industrial use from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. India (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+8.7% per year) and India (+24.1% per year).

In value terms, the largest clays for construction and industrial use suppliers to Vietnam were China ($X), Thailand ($X) and Japan ($X), together accounting for 72% of total imports. Taiwan (Chinese), India, Malaysia, Germany, Portugal and Spain lagged somewhat behind, together accounting for a further 19%.

Portugal, with a CAGR of +124.1%, recorded the highest growth rate of 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 clays for construction and industrial use stood at $X per ton in 2022, rising by 2.6% against the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 4.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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