Vietnam: Feldspar Market 2024

Feldspar Market Size in Vietnam

The Vietnamese feldspar market expanded notably to $X in 2021, picking up by 6.3% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; afterwards, it flattened through to 2021.

Feldspar Production in Vietnam

In value terms, feldspar production dropped to $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. Feldspar production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Feldspar Exports

Exports from Vietnam

In 2021, exports of feldspar from Vietnam skyrocketed to X tons, growing by 96% on the year before. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 541%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, feldspar exports surged to $X in 2021. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 555% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons) was the main destination for feldspar exports from Vietnam, with a 58% share of total exports. Moreover, feldspar exports to China exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-2.2% per year) and Indonesia (+369.8% per year).

In value terms, China ($X) emerged as the key foreign market for feldspar exports from Vietnam, comprising 60% of total exports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total exports. It was followed by South Korea, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+415.8% per year) and South Korea (-3.4% per year).

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, waning by -40.8% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 98% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and Indonesia ($X per ton), while the average price for exports to South Korea ($X per ton) and China ($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 Indonesia (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Feldspar Imports

Imports into Vietnam

In 2021, overseas purchases of feldspar decreased by -7.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 49% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, feldspar imports expanded markedly to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.0% against 2018 indices. The growth pace was the most rapid in 2014 when imports increased by 32% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest feldspar supplier to Vietnam, accounting for a 78% share of total imports. Moreover, feldspar imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.2% per year) and Turkey (+17.1% per year).

In value terms, India ($X) constituted the largest supplier of feldspar to Vietnam, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 5.8% share of total imports. It was followed by Turkey, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.4% per year) and Turkey (+21.2% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per ton) and China ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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