Vietnam Cement Standard 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
2. INDUSTRY OVERVIEW
2.1 World cement industry
2.1.1 Production
2.1.2 Consumption
2.2 Vietnam cement industry
2.2.1 History of Vietnam cement industry
2.2.2 Definition and Classification
2.2.3 Basic production process
2.2.4 Cement and clinker export
2.2.5 Price movement
2.3 Planning
2.3.1 Cement industry planning
2.4 Prospects and Forecasts
2.4.1 Industry development dynamics
2.4.2 Development of output country
3. ENTERPRISE ANALYSIS
3.1 Profitability
3.2 Performance efficiency
3.3 Financial strength
3.4 Return on investment
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
2. INDUSTRY OVERVIEW
2.1 World cement industry
2.1.1 Production
2.1.2 Consumption
2.2 Vietnam cement industry
2.2.1 History of Vietnam cement industry
2.2.2 Definition and Classification
2.2.3 Basic production process
2.2.4 Cement and clinker export
2.2.5 Price movement
2.3 Planning
2.3.1 Cement industry planning
2.4 Prospects and Forecasts
2.4.1 Industry development dynamics
2.4.2 Development of output country
3. ENTERPRISE ANALYSIS
3.1 Profitability
3.2 Performance efficiency
3.3 Financial strength
3.4 Return on investment
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: World’s top largest cement exporting countries, 2016 – 2017e
Table 6: 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: World’s top largest cement exporting countries, 2016 – 2017e
Table 6: 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: Average cement export price of Vietnam to some markets, Q1/2019
Figure 15: Clinker – cement export, 2011 – Q1/2019
Figure 16: Clinker – cement export, 2016 - Q1/2019
Figure 17: Clinker – cement export markets, 2016 - Q1/2019
Figure 18: Capacity cement manufacturers to export, 2016
Figure 19: Direct cement export enterprises, 2018
Figure 20: Direct clinker export enterprises, 2018
Figure 21: Vietnam’s cement import volume, 2010 - 2018
Figure 22: Top cement import enterprises, 2018
Figure 23: Main export countries, 2018
Figure 24: Selling price of cement at factories of some cement companies, Q1/2019
Figure 25: Cement retail prices in regions, Q1/2019
Figure 26: Cement and clinker export price, 6/2015 - 3/2019
Figure 27: The structure of the progress of the construction project 2010 - 2015
Figure 28: Forecast value of construction and infrastructure, 2010 – 2022f
Figure 29: Population growth, 2011 - 2018e
Figure 30: Global cement industry value, 2017e - 2022e
Figure 31: Global cement production volume, 1990 - 2030f
Figure 32: Forecasting the cement industry, 2018e - 2020f
Figure 33: Net revenue, 2017 - 2018
Figure 34: Gross profit margin, 2017 - 2018
Figure 35: Turnover total assets, 2018
Figure 36: Fixed asset rotation, 2018
Figure 37: Days of inventory, 2018
Figure 38: Debt repayment capability , 2017 - 2018
Figure 39: Solvency, 2017 - 2018
Figure 40: 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: Average cement export price of Vietnam to some markets, Q1/2019
Figure 15: Clinker – cement export, 2011 – Q1/2019
Figure 16: Clinker – cement export, 2016 - Q1/2019
Figure 17: Clinker – cement export markets, 2016 - Q1/2019
Figure 18: Capacity cement manufacturers to export, 2016
Figure 19: Direct cement export enterprises, 2018
Figure 20: Direct clinker export enterprises, 2018
Figure 21: Vietnam’s cement import volume, 2010 - 2018
Figure 22: Top cement import enterprises, 2018
Figure 23: Main export countries, 2018
Figure 24: Selling price of cement at factories of some cement companies, Q1/2019
Figure 25: Cement retail prices in regions, Q1/2019
Figure 26: Cement and clinker export price, 6/2015 - 3/2019
Figure 27: The structure of the progress of the construction project 2010 - 2015
Figure 28: Forecast value of construction and infrastructure, 2010 – 2022f
Figure 29: Population growth, 2011 - 2018e
Figure 30: Global cement industry value, 2017e - 2022e
Figure 31: Global cement production volume, 1990 - 2030f
Figure 32: Forecasting the cement industry, 2018e - 2020f
Figure 33: Net revenue, 2017 - 2018
Figure 34: Gross profit margin, 2017 - 2018
Figure 35: Turnover total assets, 2018
Figure 36: Fixed asset rotation, 2018
Figure 37: Days of inventory, 2018
Figure 38: Debt repayment capability , 2017 - 2018
Figure 39: Solvency, 2017 - 2018
Figure 40: Profit ratio, 2017 - 2018
