Vietnam's "billion-dollar material" is sought after by many Asian countries, with exports earning more than 1.2 billion USD

In the first 11 months of 2023, Vietnam exported more than 28.7 million tons of clinker and cement worth more than 1.2 billion USD, a slight increase of 0.4% in output but a decrease of 2.6% in turnover compared to with the same period.

According to statistics from the General Department of Customs, Vietnam's clinker and cement exports in November 2023 reached more than 2.5 million tons with a turnover of 101 million USD, down 6% in volume and down 8.8%. in value compared to the previous month.

Accumulated in the first 11 months of the year, the country has exported more than 28.7 million tons of clinker and cement, equivalent to more than 1.22 billion USD, a slight increase of 0.4% in output but a decrease of 2.6% in value. compared to the same period in 2022.

The average export price in the first 11 months of 2023 reached nearly 42.7 USD/ton, down nearly 3% over the same period.

Currently, Vietnam's three main cement export markets are the Philippines with a proportion of 27.4%; Bangladesh is 16.5%; Malaysia accounts for 5.1%.

Notably, clinker and cement exports to the Australian market during this period reached more than 57,000 tons with a turnover of 2.87 million USD, a sharp increase of 271% in volume and 232% in value compared to November. 2022.

After 11 months, Australia spent more than 23 million USD to import 470,000 tons of clinker and cement from Vietnam, an increase of 171% in volume and 153% in value over the same period. The average export price in 11 months reached nearly 50 USD/ton, down 6.7% over the same period in 2022.

According to the 2022 announcement of the US Geological Survey, Vietnam's cement output capacity will reach about 100 million tons, ranking third in the world. Specifically, the 5 countries with the largest cement production scale in the world include China, India, Vietnam, the US and Türkiye.

The cement industry is the most difficult in 100 years

In the domestic market, statistics from the Ministry of Construction show that in the first 11 months of 2023, cement consumption in the entire industry reached more than 80 million tons, down 12% compared to the same period in 2022. Accordingly, cement consumption in the domestic market is 52 million tons, down 16%; Export output reached nearly 29 million tons, down 29% over the same period.

The Ministry of Construction said that the sharp decrease in consumption output led to many cement factories having to stop operating some kiln lines, including some lines that had to be stopped for a long time.

The main reason is that the real estate market has been quiet for a long time since 2022, causing the construction of works and projects to decrease sharply, thereby leading to a low demand for cement for construction. .

In addition, the implementation progress of public investment and infrastructure construction projects is generally slower than planned, which is also the cause of output congestion in the production and supply chain of construction materials, in That's cement.

To overcome difficulties for the cement industry, the Ministry of Construction requested the Ministry of Transport to direct investors to increase the rate of using reinforced concrete viaducts for highway projects that are in the final stage. design, especially in areas with flood drainage requirements, weak soil areas and areas lacking road embankment materials such as the Mekong Delta.

Localities increase the use of cement concrete roads to build rural, mountainous roads and roads in frequently flooded areas.

At the same time, the Ministry of Construction also proposed to consider suspending the increase in clinker export tax (the main ingredient in cement products), reducing the clinker export tax rate to 0% until the end of 2025.

Via cafeland