Vietnam will continue to have new production lines in operation and increase supply in 2020 to maintain growth momentum, and Vietnam's cement industry needs to continue to seek and expand export markets.
Exports record 34 million tons
Vietnam's total cement and clinker production exceeded 99 million tons in 2019, up 2% from 2018, according to a report by the Ministry of Import and Export (Ministry of Industry and Trade). In particular, Vietnam's domestic sales volume is close to 66 million tons; exports are about 34 million tons, with a value of 13.940 billion US dollars, which is 年增加了1.48 billion US dollars compared with 2018.
This is the second year in a row that Vietnam's cement industry has set export records, with cement continuing to contribute to the group's billion-dollar exports.
Previously, Vietnam exported nearly 32 million tons of products in 2018 (an increase of 11 million tons compared with 2017), making Vietnam the world leader in cement and clinker exports. Mr. Nguyen Quang Cung, Chairman of
Vietnam Cement Association, said that the operating conditions of the cement business had improved due to a positive export market and higher export prices, including clinker and cement, compared with previous years.
In 2019, the average export price of Vietnam's cement increased by 7.7 percent compared with 2018, 达到41.5 US dollars/ton. China remains the largest market for Vietnam's cement, with an output of nearly 16 million tons. Southeast Asia is the second largest cement sales market in Vietnam, with a market size of 7.6 million tons and a value of 400 million US dollars.
In the past year, the cement industry has been marked by Vissai Cement Group's successful export of cement to the United States in August 2019, after two years of negotiations with importers, exceeding the U.S. evaluation criteria. Include: scale capability, financial capability, and ensuring environmental factors.
It should be added that the cement export of nearly $1.4 billion is a huge effort, and in 2019, the Philippine Department of Trade and Industry decided to adopt safeguard measures for Vietnam's cement. Official protection of the domestic cement industry. Cement exports to the Philippines fell by more than 10% in 2019
due to the impact of the safeguard tax. However, compared with 2018, the export price of the market has increased by nearly 12%, contributing to the overall performance of the industry.
Previously, many experts in the export industry would be heavily affected by lawsuits and taxes in the Philippines, one of Vietnam's main export markets for cement.
Maintaining the export channel
According to the forecast of the Ministry of Construction, by 2020, the demand for cement will continue to grow by 4-5% over 2019, reaching about 1.01 to 1.03亿吨, of which Vietnam's domestic sales volume will be about 69 million to 70 million tons, and exports will be about 32 million to 34 million tons.
With the current production capacity, Vietnam's cement industry is able to meet the needs of both domestic and export markets. By 2020, two cement production lines will be put into operation.
At present, the production capacity of Vietnam's cement industry has exceeded 100 million tons, and more than 1.2 billion tons of cement can be produced by increasing the proportion of additives. At the same time, Vietnam's domestic market can only absorb about 70 million tons. If the export channel is not maintained well, enterprises will face difficulties because of the huge inventory, the necessity of competitive sales and the easy disruption of the market.
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