Vietnam: Steatite Market 2021

Steatite Market Size in Vietnam

The Vietnamese steatite market surged to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded resilient growth. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the immediate term.

Steatite Exports

Exports from Vietnam

In 2019, steatite exports from Vietnam amounted to X tons, remaining constant against 2018 figures. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, steatite exports totaled $X in 2019. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), China (X tons) and Japan (X tons) were the main destinations of steatite exports from Vietnam, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced a decline.

In value terms, the largest markets for steatite exported from Vietnam were Malaysia ($X), China ($X) and Japan ($X), with a combined X% share of total exports.

China recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average steatite export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2019, the highest prices were recorded for prices to Japan ($X per ton) and Malaysia ($X per ton), while the average price for exports to China ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Vietnam

In 2019, approx. X tons of steatites were imported into Vietnam; jumping by X% compared with the previous year. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, steatite imports rose significantly to $X in 2019. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of steatite to Vietnam, with a X% share of total imports. Moreover, steatite imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of steatite to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The growth pace was the most rapid in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2015 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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