Vietnam: Market for Refractory Products of Siliceous or Diatomite Earths 2025

Market Size for Refractory Products of Siliceous or Diatomite Earths in Vietnam

In 2021, the Vietnamese market for refractory products of siliceous or diatomite earths decreased by -18.5% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted dramatically in the following year.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Vietnam

In 2021, approx. X tons of refractory products of siliceous or diatomite earths were exported from Vietnam; increasing by 875% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 2,465% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of refractory products of siliceous or diatomite earths soared to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 2,201% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from Vietnam, with a 51% share of total exports. Moreover, exports of refractory products of siliceous or diatomite earths to South Korea exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +144.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+30.4% per year) and Thailand (+58.9% per year).

In value terms, Canada ($X) remains the key foreign market for refractory products of siliceous or diatomite earths exports from Vietnam, comprising 45% of total exports. The second position in the ranking was held by South Korea ($X), with an 18% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+106.5% per year) and China (+67.2% per year).

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, shrinking by -45.8% against the previous year. Overall, the export price showed a deep setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Thailand ($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 China (+13.3%), while the prices for the other major destinations experienced a decline.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Vietnam

In 2021, approx. X tons of refractory products of siliceous or diatomite earths were imported into Vietnam; approximately reflecting the year before. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 207%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, imports of refractory products of siliceous or diatomite earths declined to $X in 2021. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 227%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest refractory products of siliceous or diatomite earths supplier to Vietnam, accounting for a 85% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+63.0% per year) and Germany (+20.4% per year).

In value terms, China ($X) constituted the largest supplier of refractory products of siliceous or diatomite earths to Vietnam, comprising 74% of total imports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+62.7% per year) and Germany (+20.2% per year).

Import Prices by Country

In 2021, the average import price for refractory products of siliceous or diatomite earths amounted to $X per ton, shrinking by -7.6% against the previous year. Overall, the import price continues to indicate a mild setback. The pace of growth was the most pronounced in 2019 an increase of 91% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 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 Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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