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

The Vietnamese market for tiles, flagstones and similar articles of cement, concrete or artificial stone reached $X in 2023, almost unchanged from the previous year. Over the period under review, consumption, however, enjoyed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

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 2023 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Production of peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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

Exports from Vietnam

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Vietnam reduced notably to X tons in 2023, waning by X% compared with the previous year's figure. Over the period under review, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted sharply to $X in 2023. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2022, and then fell dramatically in the following year.

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 X% 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), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Singapore ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), 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 2023, after nine years of growth, there was significant decline in overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then reduced in the following year.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2023. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, China (X tons) was the main supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Vietnam, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%.

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 2023, the average annual growth rate of value from China stood at X%.

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 2023, declining by X% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform