Vietnam Cement Comprehensive Report Q4/2019
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 Q4/2019, the total supply of cement of the whole industry increased by xx% 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 Q4/2019, 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 Q4/2019, 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 Q4/2019, the total supply of cement of the whole industry increased by xx% 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 Q4/2019, 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 Q4/2019, 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. WORLD MARKET
2.1 Production
2.2 Consumption
2.3 Export
2.4 Import
2.5 Price movement
2.6 Current situation in some typical countries
2.7 Current situation in ASEAN
2.8 Top enterprises of cement industry
3. CURRENT SITUATION IN VIETNAM CEMENT INDUSTRY
3.1 Vietnam cement industry history
3.2 Definition and Classification
3.3 Basic production process
3.4 Scale and market share
3.5 Input materials
3.6 Production technology
3.7 Supply-Demand
3.8 Clinker and cement production
3.9 Consumption
3.10 Cement and clinker export and import
3.11 Inventory
3.12 Price movement
3.13 Distribution form
3.14 Delivery method
4. RISKS OF THE INDUSTRY
4.1 Main risks
4.2 SWOT analysis
5. INDUSTRY PLANNING AND FORECAST
5.1 Cement industry planning
5.2 Construction and Real estate sectors planning
5.3 Development driving forces
5.4 Global forecasts
5.5 Development of output industry
6. BUSINESS ANALYSIS
6.1 Profitability
6.2 Operation efficiency
6.3 Financial strength
6.4 Return on investment
7. APPENDIX
7.1 Update the investment projects of cement in period of 2011 – 2030
7.2 List of infrastructure projects in period of 2010-2030
7.3 Financial statements
Executive Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
2. WORLD MARKET
2.1 Production
2.2 Consumption
2.3 Export
2.4 Import
2.5 Price movement
2.6 Current situation in some typical countries
2.7 Current situation in ASEAN
2.8 Top enterprises of cement industry
3. CURRENT SITUATION IN VIETNAM CEMENT INDUSTRY
3.1 Vietnam cement industry history
3.2 Definition and Classification
3.3 Basic production process
3.4 Scale and market share
3.5 Input materials
3.6 Production technology
3.7 Supply-Demand
3.8 Clinker and cement production
3.9 Consumption
3.10 Cement and clinker export and import
3.11 Inventory
3.12 Price movement
3.13 Distribution form
3.14 Delivery method
4. RISKS OF THE INDUSTRY
4.1 Main risks
4.2 SWOT analysis
5. INDUSTRY PLANNING AND FORECAST
5.1 Cement industry planning
5.2 Construction and Real estate sectors planning
5.3 Development driving forces
5.4 Global forecasts
5.5 Development of output industry
6. BUSINESS ANALYSIS
6.1 Profitability
6.2 Operation efficiency
6.3 Financial strength
6.4 Return on investment
7. APPENDIX
7.1 Update the investment projects of cement in period of 2011 – 2030
7.2 List of infrastructure projects in period of 2010-2030
7.3 Financial statements
LIST OF TABLES
Table 1: Environmental Protection Tax applies 1/2012
Table 2: Natural Resource Tax applies from February 2014
Table 3: Import and Export Tariff applicable from2016
Table 4: Cement production output of some countries, 2018
Table 5: Cement production capacity in South East Asia and Oceania, 2015 - 2020
Table 6: The largest cement companies in the world, 2018
Table 7: Status of limestone resources in Vietnam
Table 8: Some good limestone areas in the North and Central
Table 9: Comparison of rotary kiln and vertical kiln technology when producing 1,000 tons of cement
Table 10: Total investment in machinery and equipment of cement production line
Table 11: Total investment capital for typical projects
Table 12: Compare the investment rate of machinery and equipment derived from G7 and machinery originating from China
Table 13: Comparison of free lime (Fr.Cao) in clinker fired from Chinese ovens and G7 furnace
Table 14: Compare the cost of maintenance of Chinese and G7 devices
Table 15: Large cement projects from the year 2018 were built
Table 16: Ranking the world's largest cement exporting countries, 2017 – 2018
Table 17: List of seaports belonging to cement plants
Table 18: List of plants canceled and postponed from the master plan
Table 19: Top 10 enterprises with highest revenue in 2018
Table 1: Environmental Protection Tax applies 1/2012
Table 2: Natural Resource Tax applies from February 2014
Table 3: Import and Export Tariff applicable from2016
Table 4: Cement production output of some countries, 2018
Table 5: Cement production capacity in South East Asia and Oceania, 2015 - 2020
Table 6: The largest cement companies in the world, 2018
Table 7: Status of limestone resources in Vietnam
Table 8: Some good limestone areas in the North and Central
Table 9: Comparison of rotary kiln and vertical kiln technology when producing 1,000 tons of cement
Table 10: Total investment in machinery and equipment of cement production line
Table 11: Total investment capital for typical projects
Table 12: Compare the investment rate of machinery and equipment derived from G7 and machinery originating from China
Table 13: Comparison of free lime (Fr.Cao) in clinker fired from Chinese ovens and G7 furnace
Table 14: Compare the cost of maintenance of Chinese and G7 devices
Table 15: Large cement projects from the year 2018 were built
Table 16: Ranking the world's largest cement exporting countries, 2017 – 2018
Table 17: List of seaports belonging to cement plants
Table 18: List of plants canceled and postponed from the master plan
Table 19: Top 10 enterprises with highest revenue in 2018
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: Monthly CPI fluctuation, 1/2015 -9/2019
Figure 3: VND/USD exchange rate, 1/2013 - 9/2019
Figure 4: Foreign direct investment in the first 9 months of 2012 - 2019
Figure 5: Global cement production 2011-2018
Figure 6: Production by region 2017e
Figure 7: World cement consumption, 2010 - 2018e
Figure 8: Global cement export volume and value,
2012 - 2018
Figure 9: Structure of cement export by value, 2018
Figure 10: Top largest cement export countries in the world, 2018
Figure 11: World cement consumption, 2010 - 2018e
Figure 12: Global cement export volume and value,
2012 - 2018
Figure 13: Structure of cement export by value, 2018
Figure 14: Top largest cement export countries in the world, 2018
Figure 15: World cement import, 2010-2018
Figure 16: World cement price index, 2001 - 2018
Figure 17: China’s cement production volume, 2014-2018
Figure 18: India’s cement production volume, 2018-2019
Figure 19: Business distribution by region, 2017e
Figure 20: Consumption market share of key businesses, 9M/2019
Figure 21: Vietnam’s cement import volume, 2010 - 201Structure of cement production cost
Figure 22: Supply - demand and power loss, 2012 - 2019e
Figure 23: Average electricity price, 7/2007 - 9/2019
Figure 24: Structure of electricity consumption, 3M/2019
Figure 25: Clean coal mining output, 2010 – 2010 – 9M/2019
Figure 26: Forecast supply and demand coal 2015-2030f
Figure 27: Cement supply - demand, 2011 - 9M/2019
Figure 28: Cement production volume, 2011-9M/2019
Figure 29: Domestic cement consumption volume by region, 2011 - 9M/2019
Figure 30: Cement consumption by month, 2019
Figure 31: Production - Consumption in the North, 2011 - 9M/2019
Figure 32: Production - Consumption in Central Vietnam, 2011 - 9M/2019
Figure 33: Production - Consumption in the South, 2011 - 9M/2019
Figure 34: Clinker – cement export, 2011 – 9M/2019
Figure 35: Clinker – cement export, 2016 - 9M/2019
Figure 36: Clinker – cement export markets, 2016 - 9M/2019
Figure 37: Capacity cement manufacturers to export, 2016
Figure 38: Average cement export price of Vietnam to some markets, 9M/2019
Figure 39: Direct cement export enterprises, 2018
Figure 40: Vietnam’s cement import volume, 2010 - 2018
Figure 41: Clinker and cement inventory, 2010 – 8/2019
Figure 42: Cement retail prices in 3 main provinces/cities, 9M/2019
Figure 43: Average price of cement and clinker exports by month, 1/2018 - 9/2019
Figure 44: The structure of the progress of the construction project 2010 - 2015
Figure 45: Forecast value of construction and infrastructure, 2010 – 2022f
Figure 46: Global cement industry value, 2017e - 2022e
Figure 47: Forecasting the cement industry, 2018e - 2020f
Figure 48: Net revenue, 2017 - 2018
Figure 49: Gross profit margin, 2017 - 2018
Figure 50: Turnover total assets, 2018
Figure 51: Days of inventory, 2018
Figure 52: Debt payment capability, 2017 - 2018
Figure 53: Solvency, 2017 - 2018
Figure 54: Profit ratio, 2017 - 2018
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: Monthly CPI fluctuation, 1/2015 -9/2019
Figure 3: VND/USD exchange rate, 1/2013 - 9/2019
Figure 4: Foreign direct investment in the first 9 months of 2012 - 2019
Figure 5: Global cement production 2011-2018
Figure 6: Production by region 2017e
Figure 7: World cement consumption, 2010 - 2018e
Figure 8: Global cement export volume and value,
2012 - 2018
Figure 9: Structure of cement export by value, 2018
Figure 10: Top largest cement export countries in the world, 2018
Figure 11: World cement consumption, 2010 - 2018e
Figure 12: Global cement export volume and value,
2012 - 2018
Figure 13: Structure of cement export by value, 2018
Figure 14: Top largest cement export countries in the world, 2018
Figure 15: World cement import, 2010-2018
Figure 16: World cement price index, 2001 - 2018
Figure 17: China’s cement production volume, 2014-2018
Figure 18: India’s cement production volume, 2018-2019
Figure 19: Business distribution by region, 2017e
Figure 20: Consumption market share of key businesses, 9M/2019
Figure 21: Vietnam’s cement import volume, 2010 - 201Structure of cement production cost
Figure 22: Supply - demand and power loss, 2012 - 2019e
Figure 23: Average electricity price, 7/2007 - 9/2019
Figure 24: Structure of electricity consumption, 3M/2019
Figure 25: Clean coal mining output, 2010 – 2010 – 9M/2019
Figure 26: Forecast supply and demand coal 2015-2030f
Figure 27: Cement supply - demand, 2011 - 9M/2019
Figure 28: Cement production volume, 2011-9M/2019
Figure 29: Domestic cement consumption volume by region, 2011 - 9M/2019
Figure 30: Cement consumption by month, 2019
Figure 31: Production - Consumption in the North, 2011 - 9M/2019
Figure 32: Production - Consumption in Central Vietnam, 2011 - 9M/2019
Figure 33: Production - Consumption in the South, 2011 - 9M/2019
Figure 34: Clinker – cement export, 2011 – 9M/2019
Figure 35: Clinker – cement export, 2016 - 9M/2019
Figure 36: Clinker – cement export markets, 2016 - 9M/2019
Figure 37: Capacity cement manufacturers to export, 2016
Figure 38: Average cement export price of Vietnam to some markets, 9M/2019
Figure 39: Direct cement export enterprises, 2018
Figure 40: Vietnam’s cement import volume, 2010 - 2018
Figure 41: Clinker and cement inventory, 2010 – 8/2019
Figure 42: Cement retail prices in 3 main provinces/cities, 9M/2019
Figure 43: Average price of cement and clinker exports by month, 1/2018 - 9/2019
Figure 44: The structure of the progress of the construction project 2010 - 2015
Figure 45: Forecast value of construction and infrastructure, 2010 – 2022f
Figure 46: Global cement industry value, 2017e - 2022e
Figure 47: Forecasting the cement industry, 2018e - 2020f
Figure 48: Net revenue, 2017 - 2018
Figure 49: Gross profit margin, 2017 - 2018
Figure 50: Turnover total assets, 2018
Figure 51: Days of inventory, 2018
Figure 52: Debt payment capability, 2017 - 2018
Figure 53: Solvency, 2017 - 2018
Figure 54: Profit ratio, 2017 - 2018
