Vietnam: Market for Refractory Bricks, Blocks and Tiles 2025

Market Size for Refractory Bricks, Blocks and Tiles in Vietnam

The Vietnamese market for refractory bricks, blocks and tiles shrank slightly to $X in 2021, dropping by -1.5% against the previous year. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped slightly in the following year.

Production of Refractory Bricks, Blocks and Tiles in Vietnam

In value terms, refractory bricks, blocks and tiles production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant increase. The growth pace was the most rapid in 2014 when the production volume increased by 339% against the previous year. Refractory bricks, blocks and tiles production peaked at $X in 2020, and then reduced rapidly in the following year.

Exports of Refractory Bricks, Blocks and Tiles

Exports from Vietnam

In 2021, the amount of refractory bricks, blocks and tiles exported from Vietnam surged to X tons, picking up by 19% compared with the previous year's figure. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 336% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, refractory bricks, blocks and tiles exports rose to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 359% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for refractory bricks, blocks and tiles exports from Vietnam, accounting for a 56% share of total exports. Moreover, refractory bricks, blocks and tiles exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +103.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+77.1% per year) and Japan (-6.6% per year).

In value terms, the United States ($X) remains the key foreign market for refractory bricks, blocks and tiles exports from Vietnam, comprising 55% of total exports. The second position in the ranking was held by South Korea ($X), with a 25% share of total exports. It was followed by Japan, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +104.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+74.9% per year) and Japan (+0.4% per year).

Export Prices by Country

The average export price for refractory bricks, blocks and tiles stood at $X per ton in 2021, with a decrease of -14.3% against the previous year. Overall, the export price, however, showed a notable expansion. The growth pace was the most rapid in 2017 when the average export price increased by 38%. The export price peaked at $X per ton in 2020, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the United States ($X per ton), while the average price for exports to 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 recorded for supplies to Japan (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refractory Bricks, Blocks and Tiles

Imports into Vietnam

In 2021, overseas purchases of refractory bricks, blocks and tiles increased by 6.7% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 79% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, refractory bricks, blocks and tiles imports stood at $X in 2021. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 104%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest refractory bricks, blocks and tiles supplier to Vietnam, with a 85% share of total imports. Moreover, refractory bricks, blocks and tiles imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.8% per year) and Germany (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of refractory bricks, blocks and tiles to Vietnam, comprising 84% of total imports. The second position in the ranking was held by Germany ($X), with a 3.3% share of total imports. It was followed by Thailand, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and Thailand (+9.4% per year).

Import Prices by Country

In 2021, the average import price for refractory bricks, blocks and tiles amounted to $X per ton, increasing by 6.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2015 an increase of 33%. The import price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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