Vietnam: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Vietnam

The Vietnamese prepared additives for cements market expanded remarkably to $X in 2022, increasing by 6.8% against the previous year. Overall, consumption, however, recorded a noticeable reduction. Prepared additives for cements consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Vietnam

In value terms, prepared additives for cements production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible setback. The growth pace was the most rapid in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Vietnam

After four years of growth, overseas shipments of prepared additives for cements, mortars or concretes decreased by -18.8% to X tons in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 207% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, prepared additives for cements exports contracted to $X in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 170%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Cambodia (X tons) was the main destination for prepared additives for cements exports from Vietnam, accounting for a 46% share of total exports. Moreover, prepared additives for cements exports to Cambodia exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. Lao People's Democratic Republic (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia totaled +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+49.8% per year) and Lao People's Democratic Republic (+46.5% per year).

In value terms, Cambodia ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Vietnam, comprising 46% of total exports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total exports. It was followed by Lao People's Democratic Republic, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+55.4% per year) and Lao People's Democratic Republic (+55.9% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, increasing by 8.3% against the previous year. Overall, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brunei Darussalam ($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 Cambodia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Vietnam

In 2022, supplies from abroad of prepared additives for cements, mortars or concretes increased by 10% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.2% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 16% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports skyrocketed to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.6% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 24% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and the Philippines (X tons) were the main suppliers of prepared additives for cements imports to Vietnam, with a combined 71% share of total imports. Singapore, Italy, India, Malaysia, the United States, Thailand, Spain, the United Arab Emirates, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +56.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and the Philippines ($X) constituted the largest prepared additives for cements suppliers to Vietnam, with a combined 67% share of total imports. Singapore, Thailand, Spain, Malaysia, Italy, the United States, the United Arab Emirates, Taiwan (Chinese), India and Germany lagged somewhat behind, together comprising a further 26%.

The United Arab Emirates, with a CAGR of +60.5%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, picking up by 6.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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