Vietnam: Cement Pipe Market 2024

Cement Pipe Market Size in Vietnam

The Vietnamese cement pipe market declined to $X in 2022, falling by -2.9% against the previous year. Overall, consumption showed a mild reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cement Pipe Production in Vietnam

In value terms, cement pipe production reduced modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Cement Pipe Exports

Exports from Vietnam

In 2022, after four years of growth, there was significant decline in overseas shipments of pipes and other articles of cement, when their volume decreased by -12.5% to X tons. In general, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 53%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, cement pipe exports shrank significantly to $X in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 63%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for cement pipe exports from Vietnam, with a 70% share of total exports. Moreover, cement pipe exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), tenfold. The third position in this ranking was taken by Australia (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+25.3% per year) and Australia (+2.0% per year).

In value terms, the United States ($X) remains the key foreign market for pipes and other articles of cement exports from Vietnam, comprising 75% of total exports. The second position in the ranking was held by Canada ($X), with a 5.5% share of total exports. It was followed by Australia, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+23.8% per year) and Australia (+4.7% per year).

Export Prices by Country

The average cement pipe export price stood at $X per ton in 2022, waning by -7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 31%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Pipe Imports

Imports into Vietnam

In 2022, purchases abroad of pipes and other articles of cement decreased by -0.2% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 205%. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, cement pipe imports declined to $X in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 178% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) was the main cement pipe supplier to Vietnam, accounting for a 92% share of total imports. It was followed by Germany (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +33.1%.

In value terms, China ($X) constituted the largest supplier of pipes and other articles of cement to Vietnam, comprising 91% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +37.4%.

Import Prices by Country

In 2022, the average cement pipe import price amounted to $X per ton, declining by -9% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement pipe import price increased by +3.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 58% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :