Vietnam: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Vietnam

In 2021, the Vietnamese gypsum, anhydrite and limestone market increased by 5.2% to $X for the first time since 2013, thus ending a seven-year declining trend. In general, consumption faced a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Gypsum, Anhydrite And Limestone in Vietnam

In value terms, gypsum, anhydrite and limestone production rose markedly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Gypsum, Anhydrite And Limestone

Exports from Vietnam

In 2021, exports of gypsum, anhydrite and limestone from Vietnam surged to X tons, growing by 162% on the year before. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,843% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, gypsum, anhydrite and limestone exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 2,396%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of gypsum, anhydrite and limestone exports from Vietnam, together comprising 76% 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 Indonesia (with a CAGR of +399.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gypsum, anhydrite and limestone exported from Vietnam were Taiwan (Chinese) ($X), Indonesia ($X) and South Korea ($X), together comprising 62% of total exports.

Indonesia, with a CAGR of +297.0%, saw the highest rates of growth with regard to 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 2021, the average gypsum, anhydrite and limestone export price amounted to $X per ton, declining by -25.8% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Japan ($X per ton), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (-11.2%), while the prices for the other major destinations experienced a decline.

Imports of Gypsum, Anhydrite And Limestone

Imports into Vietnam

After four years of decline, purchases abroad of gypsum, anhydrite and limestone increased by 146% to X tons in 2021. In general, imports enjoyed tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gypsum, anhydrite and limestone imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of gypsum, anhydrite and limestone to Vietnam, accounting for a 83% share of total imports. Moreover, gypsum, anhydrite and limestone imports from Thailand exceeded the figures recorded by the second-largest supplier, Oman (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+101.8% per year) and Lao People's Democratic Republic (+21.0% per year).

In value terms, Thailand ($X), Lao People's Democratic Republic ($X) and Oman ($X) appeared to be the largest gypsum, anhydrite and limestone suppliers to Vietnam, together comprising 98% of total imports.

Oman, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gypsum, anhydrite and limestone import price stood at $X per ton in 2021, waning by -27.5% against the previous year. In general, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a 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 Lao People's Democratic Republic ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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