Vietnam: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Vietnam

The Vietnamese limestone flux and limestone market reduced to $X in 2022, falling by -12.6% against the previous year. Over the period under review, consumption faced a abrupt slump. Limestone flux and limestone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Vietnam

In value terms, limestone flux and limestone production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Limestone flux and limestone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Vietnam

In 2022, after three years of decline, there was significant growth in overseas shipments of limestone flux, limestone and calcareous stone, when their volume increased by 140% to X tons. Overall, exports continue to indicate a resilient increase. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports surged to $X in 2022. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of 58%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for limestone flux and limestone exports from Vietnam, accounting for a 76% share of total exports. Moreover, limestone flux and limestone exports to South Korea exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was taken by Chile (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+39.4% per year) and Chile (+101.3% per year).

In value terms, South Korea ($X), India ($X) and Chile ($X) were the largest markets for limestone flux and limestone exported from Vietnam worldwide, together accounting for 96% of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +122.3%, saw 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

The average limestone flux and limestone export price stood at $X per ton in 2022, shrinking by -41% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2021 when the average export price increased by 102%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($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 Chile (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Vietnam

In 2022, purchases abroad of limestone flux, limestone and calcareous stone increased by 87% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 250% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, limestone flux and limestone imports reached $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 154%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of limestone flux and limestone to Vietnam, with a 79% share of total imports. Moreover, limestone flux and limestone imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+23.4% per year) and India (+8.0% per year).

In value terms, China ($X), India ($X) and South Korea ($X) appeared to be the largest limestone flux and limestone suppliers to Vietnam, with a combined 86% share of total imports. These countries were followed by Japan, which accounted for a further 14%.

Japan, with a CAGR of +47.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 limestone flux and limestone import price stood at $X per ton in 2022, shrinking by -44.7% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 92%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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