Vietnam: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Vietnam

In 2021, the Vietnamese market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -0.8% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.5% against 2018 indices. Consumption of peaked at $X in 2020, and then reduced in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Vietnam

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X in 2021 estimated in export price. Overall, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Vietnam

In 2021, approx. X tons of tiles, flagstones and similar articles of cement, concrete or artificial stone were exported from Vietnam; picking up by 92% against the year before. In general, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 75%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Vietnam, with a 59% share of total exports. Moreover, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone to the United States exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+41.3% per year) and the Netherlands (-11.5% per year).

In value terms, the United States ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Vietnam, comprising 59% of total exports. The second position in the ranking was held by the UK ($X), with an 8.5% share of total exports. It was followed by the Netherlands, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +73.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+47.1% per year) and the Netherlands (-7.8% per year).

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, waning by -17.8% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -26.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 46%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Norway ($X per ton) and India ($X per ton), while the average price for exports to Australia ($X per ton) and France ($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 India (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Vietnam

In 2021, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone into Vietnam amounted to X tons, increasing by 12% against 2020 figures. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 609% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded sharply to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 573%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) was the main supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Vietnam, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +62.4%.

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Vietnam.

From 2012 to 2021, the average annual growth rate of value from China totaled +57.8%.

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, waning by -5.8% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.8% per year.

Source: IndexBox Platform

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