The primary downstream industries for cement include the construction industry, infrastructure development, and the precast concrete products industry. Cement demand in these sectors is large and continues to grow, especially in developing countries and emerging markets. According to the publisher, the major cement exporters in the Asia-Pacific region and globally include China, India, and Vietnam. Vietnam has gained a significant position in the global cement market in recent years due to its abundant limestone resources and relatively low production costs. Additionally, Vietnam's cement production technology and quality standards have been steadily improving.
Vietnam's construction industry has been rapidly expanding in recent years, making it one of the highest-return sectors in the Asia-Pacific region and a crucial pillar of the Vietnamese economy. Over the past two years, the construction sector has contributed more than 6% to Vietnam's GDP, with the contribution rate reaching 6.8% in the first quarter of 2024. The Vietnamese government promotes around 100 infrastructure projects annually, leading to strong demand for cement in downstream industries. The cement industry in Vietnam is also a key industry, with domestic cement manufacturers continually expanding production capacity and improving technological levels to meet both domestic and international market demands. Vietnam not only satisfies its domestic infrastructure and real estate needs but also exports significant quantities of cement to other Asian countries and regions, becoming a vital player in the global cement market. Based on the data from the publisher, Vietnam's cement export value exceeded USD 1.2 billion in 2023. With global cement market demand expected to remain strong in 2024, Vietnam's cement exports reached USD 500 million in the first five months of the year.
According to the analysis by the publisher, the primary export destinations for Vietnamese cement from 2021 to 2024 were China, the Philippines, and Singapore. Major companies importing cement from Vietnam include CEMEX International Trading LLC, SCG International Corporation, and Philfirst Global Marketing Inc. Cement exporters in Vietnam consist of large domestic conglomerates as well as subsidiaries of international construction material producers and distributors based in Vietnam. The main exporters of Vietnamese cement include VIS Group, Chi Nhánh Công Ty TNHH Long Sơn Tại Khánh Hòa, and HUGK.
In recent years, global manufacturing capacity has gradually shifted to Vietnam, leading to significant progress in technology, equipment, experience, and capital within the country. The publisher has projected that due to Vietnam's numerous free trade agreements and the strong competitiveness of Vietnamese cement in the international market, there are significant opportunities and growth potential for Vietnam's cement exports. In the coming years, Vietnam's cement exports are expected to continue growing.
Topics covered:
- The Export Volume and Value of Cement in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Cement in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Cement in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Cement in Vietnam (January-May 2024)
- Total Export Value and Percentage Change of Cement in Vietnam (January-May 2024)
- Average Export Price of Cement in Vietnam (2021-2024)
- Top 10 Export Destinations for Vietnam Cement and Their Import Volume
- Top 10 Suppliers in the Export Market of Cement in Vietnam and Their Export Volume
- Top 10 Buyers in the Export Market of Cement in Vietnam and Their Import Volume
- How to Find International Distributors and End Users of Cement in Vietnam
- How Foreign Enterprises Enter the Cement Export Market of Vietnam
- Forecast for the Export of Cement in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Cemex International Trading LLC
- Scg International Corporation
- Philfirst Global Marketing Inc.
- Vis Group
- Chi Nhánh Công Ty Tnhh Long Sơn Tại Khánh Hòa
- Hugk
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.24 Billion |
| Forecasted Market Value ( USD | $ 1.69 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
