Vietnam Cement Comprehensive Report Q2/2019
VIETNAM CEMENT INDUSTRY
In the past decade, the global cement volume increased sharply from xxxx billion in 2002 to x billion tons in 2018. The world cement consumption tends to grow over the years. The cement exports in the world grew relatively slowly and fluctuated over the years.
Vietnam cement market continues to have oversupply. In Q1/2019, the total supply of cement of the whole industry increased by 4.8% compared to the same period of 2018. Regarding the quantity demanded, the cement consumption amount reached xx.x million tons and remained stable compared to the same period of 2018.
In Q1/2019, the cement production as well as consumption output in the 3 regions North, Central and South increased compared to 2018. Vietnam's cement and clinker exports reached x.xx million tons, continued to grow equivalent to the same period of 2018.
From the beginning of 2016 to the end of Q1/2019, the cement export price in Hon Gai was basically stable at 46.5 USD/ton, the export clinker price was 30 USD/ton FOB Cam Pha. Direct sales for projects and industrial customers will be a new development trend in this area over the next few years.
It is forecast in the period 2018 - 2020, the increase in demand will be stable at 6-7%, while the supply will continue to increase. According to Vietnam Cement Association, in 2019, the cement products consumption of the domestic market reached about xx million tons, the exports of cement products can reach xx million tons. VIRAC forecasts that the growth rate will be about 8%/year in the period of 2020 - 2030, and in 2024 - 2025 Vietnam will basically balance supply and demand.
In the past decade, the global cement volume increased sharply from xxxx billion in 2002 to x billion tons in 2018. The world cement consumption tends to grow over the years. The cement exports in the world grew relatively slowly and fluctuated over the years.
Vietnam cement market continues to have oversupply. In Q1/2019, the total supply of cement of the whole industry increased by 4.8% compared to the same period of 2018. Regarding the quantity demanded, the cement consumption amount reached xx.x million tons and remained stable compared to the same period of 2018.
In Q1/2019, the cement production as well as consumption output in the 3 regions North, Central and South increased compared to 2018. Vietnam's cement and clinker exports reached x.xx million tons, continued to grow equivalent to the same period of 2018.
From the beginning of 2016 to the end of Q1/2019, the cement export price in Hon Gai was basically stable at 46.5 USD/ton, the export clinker price was 30 USD/ton FOB Cam Pha. Direct sales for projects and industrial customers will be a new development trend in this area over the next few years.
It is forecast in the period 2018 - 2020, the increase in demand will be stable at 6-7%, while the supply will continue to increase. According to Vietnam Cement Association, in 2019, the cement products consumption of the domestic market reached about xx million tons, the exports of cement products can reach xx million tons. VIRAC forecasts that the growth rate will be about 8%/year in the period of 2020 - 2030, and in 2024 - 2025 Vietnam will basically balance supply and demand.
ABBREVIATIONS
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
2. INDUSTRY OVERVIEW
2.1 World cement industry
2.1.1 Production
2.1.2 Consumption
2.1.3 Export
2.1.4 Import
2.1.5 Price movement
2.1.6 Current situation in some typical countries
2.1.7 Current situation in ASEAN
2.1.8 Top enterprises of cement industry
2.2 Current situation in Vietnam cement industry
2.2.1 Vietnam cement industry history
2.2.2 Definition and Classification
2.2.3 Basic production process
2.2.4 Scale and market share
2.2.5 Input materials
2.2.6 Production technology
2.2.7 Supply-Demand
2.2.8 Clinker and cement production
2.2.9 Consumption
2.2.10 Cement and clinker export and import
2.2.11 Inventory
2.2.12 Price movement
2.2.13 Distribution form
2.2.14 Delivery method
2.3 Risks of the industry
2.3.1 Main risks
2.3.2 SWOT analysis
2.3.3 5-forces analysis
2.4 Planning
2.4.1 Cement industry planning
2.4.2 Construction and real estate industry planning
2.5 Prospects and Forecasts
2.5.1 Industry development dynamics
2.5.2 Development of output industry
2.5.3 Global forecasts
2.5.4 Domestic forecast
3. BUSINESS ANALYSIS
3.1 Profitability
3.2 Operation efficiency
3.3 Financial strength
3.4 Return on investment
4. APPENDIX
4.1 Update the investment projects of cement in period of 2011 – 2030
4.2 List of infrastructure projects in period of 2010-2030
4.3 Financial statements
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
2. INDUSTRY OVERVIEW
2.1 World cement industry
2.1.1 Production
2.1.2 Consumption
2.1.3 Export
2.1.4 Import
2.1.5 Price movement
2.1.6 Current situation in some typical countries
2.1.7 Current situation in ASEAN
2.1.8 Top enterprises of cement industry
2.2 Current situation in Vietnam cement industry
2.2.1 Vietnam cement industry history
2.2.2 Definition and Classification
2.2.3 Basic production process
2.2.4 Scale and market share
2.2.5 Input materials
2.2.6 Production technology
2.2.7 Supply-Demand
2.2.8 Clinker and cement production
2.2.9 Consumption
2.2.10 Cement and clinker export and import
2.2.11 Inventory
2.2.12 Price movement
2.2.13 Distribution form
2.2.14 Delivery method
2.3 Risks of the industry
2.3.1 Main risks
2.3.2 SWOT analysis
2.3.3 5-forces analysis
2.4 Planning
2.4.1 Cement industry planning
2.4.2 Construction and real estate industry planning
2.5 Prospects and Forecasts
2.5.1 Industry development dynamics
2.5.2 Development of output industry
2.5.3 Global forecasts
2.5.4 Domestic forecast
3. BUSINESS ANALYSIS
3.1 Profitability
3.2 Operation efficiency
3.3 Financial strength
3.4 Return on investment
4. APPENDIX
4.1 Update the investment projects of cement in period of 2011 – 2030
4.2 List of infrastructure projects in period of 2010-2030
4.3 Financial statements
LIST OF TABLES
Table 1: Environmental Protection Tax applied since 1/2012
Table 2: Natural Resources Tax applied since 2/1/2014
Table 3: Import and Export Tariffs applied since 2016
Table 4: Cement production output of some countries, 2018
Table 5: Cement production capacity in South East Asia and Oceania, 2015 - 2020
Table 6: Largest cement enterprises on the world, 2017
Table 7: Some good limestone areas in the North and Central
Table 8: Comparison between rotary kiln and vertical kiln technology when producing 1,000 tons of cement
Table 9: Total investment rate for typical projects
Table 10: Comparison between the investment rate of machinery and equipment derived from G7 and from China
Table 11: Comparison of free lime (Fr.Cao) in clinker fired from Chinese kiln and G7 kiln
Table 12: Comparison between maintenance costs of China and G7 devices
Table 13: Large cement projects since the beginning of 2018
Table 14: Large enterprises in the North in 2018
Table 15: Large enterprises in the Central in 2018
Table 16: Large enterprises in the South in 2018
Table 17: World’s top largest cement exporting countries, 2016 – 2017e
Table 18: List of seaports belonging to cement plants
Table 19: List of plants ceased and postponed from the master plan
Table 20: Top 10 cement enterprises with the highest revenue in 2018
Table 1: Environmental Protection Tax applied since 1/2012
Table 2: Natural Resources Tax applied since 2/1/2014
Table 3: Import and Export Tariffs applied since 2016
Table 4: Cement production output of some countries, 2018
Table 5: Cement production capacity in South East Asia and Oceania, 2015 - 2020
Table 6: Largest cement enterprises on the world, 2017
Table 7: Some good limestone areas in the North and Central
Table 8: Comparison between rotary kiln and vertical kiln technology when producing 1,000 tons of cement
Table 9: Total investment rate for typical projects
Table 10: Comparison between the investment rate of machinery and equipment derived from G7 and from China
Table 11: Comparison of free lime (Fr.Cao) in clinker fired from Chinese kiln and G7 kiln
Table 12: Comparison between maintenance costs of China and G7 devices
Table 13: Large cement projects since the beginning of 2018
Table 14: Large enterprises in the North in 2018
Table 15: Large enterprises in the Central in 2018
Table 16: Large enterprises in the South in 2018
Table 17: World’s top largest cement exporting countries, 2016 – 2017e
Table 18: List of seaports belonging to cement plants
Table 19: List of plants ceased and postponed from the master plan
Table 20: Top 10 cement enterprises with the highest revenue in 2018
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: GDP at current prices and per capita GDP, 2013-2018
Figure 3: Production index of processing and manufacturing industry, 2012 - Q1/2019
Figure 4: Growth of industries in the year, 2016 - 2019
Figure 5: The speed of development of social investment capital is implemented,
2017 - 2019
Figure 6: Structure of social investment, Q1/2019
Figure 7: Foreign direct investment, 2016 - 2019
Figure 8: Attracting FDI by sector, Q1/2019
Figure 9: Production divided by region 2017e
Figure 10: Cement production in the world, 2011 - 2018
Figure 11: Top the largest cement producing countries in the world, 2018
Figure 12: Structure of consumption of cement in the world, 2017e
Figure 13: World Cement consumption, 2010 - 2018e
Figure 14: Global cement export volume and value, 2012 - 2018
Figure 15: Structure of global cement export by types, 2017
Figure 16: Structure of cement export by value, 2018
Figure 17: Structure of cement export by region, 2018
Figure 18: Top largest cement export countries in the world, 2018
Figure 19: Top largest cement import countries in the world, 2018
Figure 20: World cement import, 2010-2018
Figure 21: World cement price index, 2001 - 2017
Figure 22: China’s cement production volume, 2014-2018
Figure 23: US’s cement production volume, 2014-2018
Figure 24: India’s cement production volume, 2018-2019
Figure 25: Thailand’s cement production volume, 2018-2019
Figure 26: Business distribution by region, 2017e
Figure 27: Allocating lines by region, 2017
Figure 28: Consumption market share of key businesses, Q1/2019
Figure 29: Structure of cement production cost
Figure 30: Supply - demand and power loss, 2012 - 2019e
Figure 31: Average electricity price, 7/2007 - 3/2019
Figure 32: Structure of electricity consumption, 3T/2019
Figure 33: Electricity consumption structure for 4 main groups, 2017e
Figure 34: Clean coal mining output, 2010 – 2018e
Figure 35: Forecast supply and demand coal 2015-2030f
Figure 36: Cement supply - demand, 2011 - Q1/2019
Figure 37: Cement production volume, 2011-Q1/2019
Figure 38: Domestic cement consumption volume by region, 2011 - Q1/2019
Figure 39: Production - Consumption in Central Vietnam, 2011 - Q1/2019
Figure 40: Production - Consumption in the North, 2011 - Q1/2019
Figure 41: Production - Consumption in the South, 2011 - Q1/2019
Figure 42: Cement consumption by month, 2016 - Q1/2019
Figure 43: Cement consumption growth rate by region, 2010 - 2018
Figure 44: Average cement export price of Vietnam to some markets, Q1/2019
Figure 45: Clinker – cement export, 2011 – Q1/2019
Figure 46: Clinker – cement export, 2016 - Q1/2019
Figure 47: Clinker – cement export markets, 2016 - Q1/2019
Figure 48: Capacity cement manufacturers to export, 2016
Figure 49: Direct cement export enterprises, 2018
Figure 50: Direct clinker export enterprises, 2018
Figure 51: Vietnam’s cement import volume, 2010 - 2018
Figure 52: Top cement import enterprises, 2018
Figure 53: Main export countries, 2018
Figure 54: Clinker and cement inventory, 2010 - Q1/2019
Figure 55: Selling price of cement at factories of some cement companies, Q1/2019
Figure 56: Cement retail prices in regions, Q1/2019
Figure 57: Cement and clinker export price, 6/2015 - 3/2019
Figure 58: The structure of the progress of the construction project 2010 - 2015
Figure 59: Forecast value of construction and infrastructure, 2010 – 2022f
Figure 60: Population growth, 2011 - 2018e
Figure 61: Global cement industry value, 2017e - 2022e
Figure 62: Global cement production volume, 1990 - 2030f
Figure 63: Forecasting the cement industry, 2018e - 2020f
Figure 64: Net revenue, 2017 - 2018
Figure 65: Gross profit margin, 2017 - 2018
Figure 66: Turnover total assets, 2018
Figure 67: Fixed asset rotation, 2018
Figure 68: Days of inventory, 2018
Figure 69: Debt repayment capability , 2017 - 2018
Figure 70: Solvency, 2017 - 2018
Figure 71: Profit ratio, 2017 - 2018
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: GDP at current prices and per capita GDP, 2013-2018
Figure 3: Production index of processing and manufacturing industry, 2012 - Q1/2019
Figure 4: Growth of industries in the year, 2016 - 2019
Figure 5: The speed of development of social investment capital is implemented,
2017 - 2019
Figure 6: Structure of social investment, Q1/2019
Figure 7: Foreign direct investment, 2016 - 2019
Figure 8: Attracting FDI by sector, Q1/2019
Figure 9: Production divided by region 2017e
Figure 10: Cement production in the world, 2011 - 2018
Figure 11: Top the largest cement producing countries in the world, 2018
Figure 12: Structure of consumption of cement in the world, 2017e
Figure 13: World Cement consumption, 2010 - 2018e
Figure 14: Global cement export volume and value, 2012 - 2018
Figure 15: Structure of global cement export by types, 2017
Figure 16: Structure of cement export by value, 2018
Figure 17: Structure of cement export by region, 2018
Figure 18: Top largest cement export countries in the world, 2018
Figure 19: Top largest cement import countries in the world, 2018
Figure 20: World cement import, 2010-2018
Figure 21: World cement price index, 2001 - 2017
Figure 22: China’s cement production volume, 2014-2018
Figure 23: US’s cement production volume, 2014-2018
Figure 24: India’s cement production volume, 2018-2019
Figure 25: Thailand’s cement production volume, 2018-2019
Figure 26: Business distribution by region, 2017e
Figure 27: Allocating lines by region, 2017
Figure 28: Consumption market share of key businesses, Q1/2019
Figure 29: Structure of cement production cost
Figure 30: Supply - demand and power loss, 2012 - 2019e
Figure 31: Average electricity price, 7/2007 - 3/2019
Figure 32: Structure of electricity consumption, 3T/2019
Figure 33: Electricity consumption structure for 4 main groups, 2017e
Figure 34: Clean coal mining output, 2010 – 2018e
Figure 35: Forecast supply and demand coal 2015-2030f
Figure 36: Cement supply - demand, 2011 - Q1/2019
Figure 37: Cement production volume, 2011-Q1/2019
Figure 38: Domestic cement consumption volume by region, 2011 - Q1/2019
Figure 39: Production - Consumption in Central Vietnam, 2011 - Q1/2019
Figure 40: Production - Consumption in the North, 2011 - Q1/2019
Figure 41: Production - Consumption in the South, 2011 - Q1/2019
Figure 42: Cement consumption by month, 2016 - Q1/2019
Figure 43: Cement consumption growth rate by region, 2010 - 2018
Figure 44: Average cement export price of Vietnam to some markets, Q1/2019
Figure 45: Clinker – cement export, 2011 – Q1/2019
Figure 46: Clinker – cement export, 2016 - Q1/2019
Figure 47: Clinker – cement export markets, 2016 - Q1/2019
Figure 48: Capacity cement manufacturers to export, 2016
Figure 49: Direct cement export enterprises, 2018
Figure 50: Direct clinker export enterprises, 2018
Figure 51: Vietnam’s cement import volume, 2010 - 2018
Figure 52: Top cement import enterprises, 2018
Figure 53: Main export countries, 2018
Figure 54: Clinker and cement inventory, 2010 - Q1/2019
Figure 55: Selling price of cement at factories of some cement companies, Q1/2019
Figure 56: Cement retail prices in regions, Q1/2019
Figure 57: Cement and clinker export price, 6/2015 - 3/2019
Figure 58: The structure of the progress of the construction project 2010 - 2015
Figure 59: Forecast value of construction and infrastructure, 2010 – 2022f
Figure 60: Population growth, 2011 - 2018e
Figure 61: Global cement industry value, 2017e - 2022e
Figure 62: Global cement production volume, 1990 - 2030f
Figure 63: Forecasting the cement industry, 2018e - 2020f
Figure 64: Net revenue, 2017 - 2018
Figure 65: Gross profit margin, 2017 - 2018
Figure 66: Turnover total assets, 2018
Figure 67: Fixed asset rotation, 2018
Figure 68: Days of inventory, 2018
Figure 69: Debt repayment capability , 2017 - 2018
Figure 70: Solvency, 2017 - 2018
Figure 71: Profit ratio, 2017 - 2018
