Vietnam Building Materials Comprehensive Report Q2/2018
VIETNAM BUILDING MATERIALS INDUSTRY
Currently, 88% of baked clay bricks volume are produced in Asian countries, mainly in China, India and Bangladesh. Rapid urbanization with an average rate of around 6% per year accelerate the demand for construction brick. In Europe and developed countries in Asia, since the 1960s and 70s of the last century, the industry of non-baked materials has grown and that nearly completely replacing the baked clay bricks so far.
For ceramic tiles, production and consumption in the world have continuously grown over the years in the period from 2011 – 2016. In particular, China, Brazil and India are the leading countries in global ceramic tiles production and consumption in 2016. Vietnam ranks the fifth in the list of top producing countries and fourth in the top countries showing that Vietnam ceramic tile industry has relatively developed in the world.
Vietnam’s paving brick, tile and stone industry currently accounts for a relatively low share of the construction material sector and is quite regional in character. The output of clay and kaolin exploited in Q1/2018 was estimated at x,xxx thousand tons, decreasing by 10.5% compared to the same period in 2017. The output of natural quarry exploited in Q1/2018 was estimated at x,xxx million m³, increasing by 12.3% over the same period in 2017.
In Q1/2018, the production of clay bricks was estimated at x,xxx million units, decreased slightly by 6% over the same period in 2017. The production of baked tile production in the first quarter of 2018 was estimated at xx,xx million units, decreasing by 7.6% over the same period in 2017. The output of unbaked brick production in Q1/2018 reached x.xx million. According to data of Ministry of Construction, the output of ceramic tiles in the first quarter of 2018 reached xxx million m², including ceramic, granite and cotto tiles.
Consumption of clay bricks in Q1/2018 was estimated at x,xxx million, equal to 85% of production and not much change over the same period in 2017. Meanwhile, the consumption of baked tiles was about 80 million, down 24% over the same period in 2017. Consumption of ceramic tiles in Q1/2018 was estimated to reach xxx.x million m², the consumption/production ratio decreasing and reaching about 80% in Q1/2018 showed an oversupply situation, therefore, ceramic tile prices continue to trend downward in 2018. Brick and tile exports in Q1/2018 were estimated at USD xx.xx million, a slight increase of 10.6% over the same period of 2017. Export turnover of stone tiles in Q1/2018 was estimated at USD x.xx million, up 4.8% over the same period of 2017. However, the export turnover of Vietnam is still very low compared to the production capacity due to low quality of stone in the country.
Currently, 88% of baked clay bricks volume are produced in Asian countries, mainly in China, India and Bangladesh. Rapid urbanization with an average rate of around 6% per year accelerate the demand for construction brick. In Europe and developed countries in Asia, since the 1960s and 70s of the last century, the industry of non-baked materials has grown and that nearly completely replacing the baked clay bricks so far.
For ceramic tiles, production and consumption in the world have continuously grown over the years in the period from 2011 – 2016. In particular, China, Brazil and India are the leading countries in global ceramic tiles production and consumption in 2016. Vietnam ranks the fifth in the list of top producing countries and fourth in the top countries showing that Vietnam ceramic tile industry has relatively developed in the world.
Vietnam’s paving brick, tile and stone industry currently accounts for a relatively low share of the construction material sector and is quite regional in character. The output of clay and kaolin exploited in Q1/2018 was estimated at x,xxx thousand tons, decreasing by 10.5% compared to the same period in 2017. The output of natural quarry exploited in Q1/2018 was estimated at x,xxx million m³, increasing by 12.3% over the same period in 2017.
In Q1/2018, the production of clay bricks was estimated at x,xxx million units, decreased slightly by 6% over the same period in 2017. The production of baked tile production in the first quarter of 2018 was estimated at xx,xx million units, decreasing by 7.6% over the same period in 2017. The output of unbaked brick production in Q1/2018 reached x.xx million. According to data of Ministry of Construction, the output of ceramic tiles in the first quarter of 2018 reached xxx million m², including ceramic, granite and cotto tiles.
Consumption of clay bricks in Q1/2018 was estimated at x,xxx million, equal to 85% of production and not much change over the same period in 2017. Meanwhile, the consumption of baked tiles was about 80 million, down 24% over the same period in 2017. Consumption of ceramic tiles in Q1/2018 was estimated to reach xxx.x million m², the consumption/production ratio decreasing and reaching about 80% in Q1/2018 showed an oversupply situation, therefore, ceramic tile prices continue to trend downward in 2018. Brick and tile exports in Q1/2018 were estimated at USD xx.xx million, a slight increase of 10.6% over the same period of 2017. Export turnover of stone tiles in Q1/2018 was estimated at USD x.xx million, up 4.8% over the same period of 2017. However, the export turnover of Vietnam is still very low compared to the production capacity due to low quality of stone in the country.
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
2. MARKET OVERVIEW
2.1 Definition and classification
2.2 Production process
2.3 Production technology
3. WORLD MARKET OF PAVING BRICKS, TILES AND STONES
3.1 Materials
3.2 Production - Consumption
3.3 Import export
3.4 Ceramic tiles industry in some typical countries
3.5 Some key players in the industry
4. VIETNAM MARKET OF PAVING BRICKS, TILES AND STONES
4.1 History of formation and development
4.2 Value chain of the industry
4.3 Materials
4.4 Production - Consumption
4.5 Competitive Analysis
4.6 Import export
4.7 Inventory
5. INDUSTRY RISK
6. OUTLOOK AND FORECAST
6.1 Industry development planning
6.2. Outlook
6.3 Forecast
7. ENTERPRISE ANALYSIS
7.1 Enterprise introduction
7.2 Financial analysis
8. APPENDIX OF FINANCIAL STATEMENTS
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
2. MARKET OVERVIEW
2.1 Definition and classification
2.2 Production process
2.3 Production technology
3. WORLD MARKET OF PAVING BRICKS, TILES AND STONES
3.1 Materials
3.2 Production - Consumption
3.3 Import export
3.4 Ceramic tiles industry in some typical countries
3.5 Some key players in the industry
4. VIETNAM MARKET OF PAVING BRICKS, TILES AND STONES
4.1 History of formation and development
4.2 Value chain of the industry
4.3 Materials
4.4 Production - Consumption
4.5 Competitive Analysis
4.6 Import export
4.7 Inventory
5. INDUSTRY RISK
6. OUTLOOK AND FORECAST
6.1 Industry development planning
6.2. Outlook
6.3 Forecast
7. ENTERPRISE ANALYSIS
7.1 Enterprise introduction
7.2 Financial analysis
8. APPENDIX OF FINANCIAL STATEMENTS
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2015 - Q1/2018
Figure 2: Contribution to GDP of construction, 2013 - 2017
Figure 3: Value of construction sector, 2012 - 6M/2017
Figure 4: Urbanization rate in Vietnam, 2005 - 2017
Figure 5: Population growth in Vietnam, 2004 - 2017
Figure 6: Population pyramid, 2016
Figure 7: Top largest kaolin producing countries, 2015
Figure 8: Global kaolin demand by region, 2015
Figure 9: World kaolin prices, 2007 - 2017
Figure 10: World kaolin prices, 2007 – 2017
Figure 11: Top largest kaolin exporting countries, 2016 - 2017
Figure 12: Top largest clay exporting countries, 2016 - 2017
Figure 13: World average clay prices, 2007 - 2017
Figure 14: Top largest clay importing countries, 2016 - 2017
Figure 15: Top largest natural stone importing countries (marble), 2016 - 2017
Figure 16: Global consumption of natural stone, 2009 - 2015
Figure 17: Top largest natural stone exporting countries (marble), 2016 - 2017
Figure 18: Consumption of baked clay bricks per capita in some Asian countries, 2015
Figure 19: World production and consumption of ceramic tiles, 2011 - 2016
Figure 20: World ceramic tile production by region, 2016
Figure 21: World ceramic tile consumption by region, 2016
Figure 22: Top 10 largest paving tile producing countries in the world, 2016
Figure 23: Top 10 largest paving tile consuming countries in the world, 2016
Figure 24: Top 10 largest paving natural stone producing countries in the world, 2015
Figure 25: Global paving tiles exports by region, 2016
Figure 26: Export volume of paving tiles in the world, 2012 - 2016
Figure 27: World’s top 10 largest paving tiles importing countries, 2016
Figure 28: World’s top 10 largest paving tiles exporting countries, 2016
Figure 29: Global natural stone trade, 2013 - 2015
Figure 30: Top 10 countries with the largest market share in paving stone export, 2015
Figure 31: Paving brick production and consumption in China, 2011 - 2016
Figure 32: China's leading flooring tiles production areas, 2015
Figure 33: Export market structure of Chinese paving bricks by region, 2017
Figure 34: Export volume of Chinese paving bricks, 2012 - 2017e
Figure 35: Export market structure of Chinese paving bricks by country, 2017
Figure 36: Paving natural stone production structure of China, 2017
Figure 37: Paving brick production and consumption in Brazil, 2011 - 2016
Figure 38: Production structure of Brazilian paving bricks, 2015
Figure 39: Export market structure of Brazilian paving bricks by region, 2016
Figure 40: Paving brick export in Brazil, 2011 - 2016
Figure 41: Export market structure of Brazilian paving bricks, 2016
Figure 42: Paving stone consumption in Brazil, 2012
Figure 43: Paving stone imports in Brazil, 2013 - 2017
Figure 44: Paving stone exports in Brazil, 2013 - 2017e
Figure 45: Production volume of Spanish paving bricks, 2011 - 2017
Figure 46: Sales of paving bricks in Spain, 2011 - 2017
Figure 47: Export turnover of Spanish paving bricks, 2011 - 2017
Figure 48: Top 10 largest paving bricks importers of Spain, 2016 - 2017
Figure 49: Production of clay and kaolin, Q1/2018
Figure 50: Production of natural stone exploited, 2010 – Q1/2018
Figure 51: Coal price fluctuation, 7/2012 - 3/2018
Figure 52: Prices of oil FO Singapore, 2017
Figure 53: Number of enterprises and laborers in brick, tile and paving stone industry, 2010 - 2016
Figure 54: Allocation of the number of brick, tile and paving stone enterprises by region, 2010 - 2016
Figure 55: Revenue and profit of brick and tile industry, 2010 - 2016
Figure 56: Investment capital and fixed assets of brick, tile and paving stones industry, 2010 - 2016
Figure 57: Production volume of baked clay bricks, 2010 - Q1/2018e
Figure 58: Production of baked tiles, 2010 - Q1/2018e
Figure 59: Production volume of adobe bricks, 2010 - Q1/2018
Figure 60: Aggregate cement brick production capacity of some enterprises, 2017
Figure 61: Paving tiles production in Vietnam, 2011 - Q1/2018
Figure 62: Allocation of ceramic tile production capacity by region, 2015
Figure 63: Capacity of large enterprises in tile industry, 2017
Figure 64: Production of Granite, 2016 - 2017
Figure 65: Production capacity of paving stone in Vietnam, 1990 – 2020f
Figure 66: Consumption of baked clay bricks, 2010 - Q1/2018e
Figure 67: Consumption of baked tiles, 2010 - Q1/2018e
Figure 68: Demand for bricks, 2012 - 2020F
Figure 69: Consumption share of aggregate cement bricks, 2017
Figure 70: Consumption of paving bricks, 2011 - Q1/2018e
Figure 71: Consumption share of paving bricks, 2015
Figure 72: Top paving bricks enterprises with the highest revenue, 2016 - 2017
Figure 73: Consumption of paving stone, 2011 - Q1/2018e
Figure 74: Prices of granite and marble
Figure 75: Export market structure of bricks and tiles 2017e
Figure 76: Exports of bricks and tiles 2010 - Q1/2018
Figure 77: Export value of paving stone, 2011 - Q1/2018e
Figure 78: Export market structure of paving stone, 2017
Figure 79: Import market structure of bricks and tiles, 2017
Figure 80: Import value of bricks and tiles, 2010 - Q1/2018e
Figure 81: Import market structure of bricks and tiles, 2017e
Figure 82: Import value of paving stone, 2011 - Q1/2018e
Figure 83: Import market structure of paving stone, 2017
Figure 84: Inventories of construction bricks, 2010 – 2017e
Figure 85: Period of fluctuations of Vietnam real estate market
Figure 86: Housing supply in Hanoi, 2008-Q1/2018
Figure 87: New supply and number of apartments sold, 2010-Q1/2018
Figure 88: Growth cycle of materials for countertops
Figure 89: Forecast for tiles consumption, 2011 – 2020F
Figure 90: Forecast for paving stone consumption in Vietnam to 2020
Figure 91: Forecast for baked clay brick consumption, 2010 – 2020f
Figure 92: Forecast for baked clay brick consumption, 2010 - 2020f
Figure 93: Gross profit margin, 2015 - 2016
Figure 94: Sales expenses/Net nevenue ratio
Figure 95: Administrative expenses/Net revenue ratio
Figure 96: Self-financing rate, 2015 - 2016
Figure 97: Payment ratio, 2015 - 2016
Figure 98: Average days of sales in inventory, 2015 - 2016
Figure 99: Days of sales outstanding, 2015 - 2016
Figure 100: Fixed asset turnover, 2015 - 2016
Figure 101: Profit ratio, 2015 - 2016
Figure 1: GDP growth rate by quarter, 2015 - Q1/2018
Figure 2: Contribution to GDP of construction, 2013 - 2017
Figure 3: Value of construction sector, 2012 - 6M/2017
Figure 4: Urbanization rate in Vietnam, 2005 - 2017
Figure 5: Population growth in Vietnam, 2004 - 2017
Figure 6: Population pyramid, 2016
Figure 7: Top largest kaolin producing countries, 2015
Figure 8: Global kaolin demand by region, 2015
Figure 9: World kaolin prices, 2007 - 2017
Figure 10: World kaolin prices, 2007 – 2017
Figure 11: Top largest kaolin exporting countries, 2016 - 2017
Figure 12: Top largest clay exporting countries, 2016 - 2017
Figure 13: World average clay prices, 2007 - 2017
Figure 14: Top largest clay importing countries, 2016 - 2017
Figure 15: Top largest natural stone importing countries (marble), 2016 - 2017
Figure 16: Global consumption of natural stone, 2009 - 2015
Figure 17: Top largest natural stone exporting countries (marble), 2016 - 2017
Figure 18: Consumption of baked clay bricks per capita in some Asian countries, 2015
Figure 19: World production and consumption of ceramic tiles, 2011 - 2016
Figure 20: World ceramic tile production by region, 2016
Figure 21: World ceramic tile consumption by region, 2016
Figure 22: Top 10 largest paving tile producing countries in the world, 2016
Figure 23: Top 10 largest paving tile consuming countries in the world, 2016
Figure 24: Top 10 largest paving natural stone producing countries in the world, 2015
Figure 25: Global paving tiles exports by region, 2016
Figure 26: Export volume of paving tiles in the world, 2012 - 2016
Figure 27: World’s top 10 largest paving tiles importing countries, 2016
Figure 28: World’s top 10 largest paving tiles exporting countries, 2016
Figure 29: Global natural stone trade, 2013 - 2015
Figure 30: Top 10 countries with the largest market share in paving stone export, 2015
Figure 31: Paving brick production and consumption in China, 2011 - 2016
Figure 32: China's leading flooring tiles production areas, 2015
Figure 33: Export market structure of Chinese paving bricks by region, 2017
Figure 34: Export volume of Chinese paving bricks, 2012 - 2017e
Figure 35: Export market structure of Chinese paving bricks by country, 2017
Figure 36: Paving natural stone production structure of China, 2017
Figure 37: Paving brick production and consumption in Brazil, 2011 - 2016
Figure 38: Production structure of Brazilian paving bricks, 2015
Figure 39: Export market structure of Brazilian paving bricks by region, 2016
Figure 40: Paving brick export in Brazil, 2011 - 2016
Figure 41: Export market structure of Brazilian paving bricks, 2016
Figure 42: Paving stone consumption in Brazil, 2012
Figure 43: Paving stone imports in Brazil, 2013 - 2017
Figure 44: Paving stone exports in Brazil, 2013 - 2017e
Figure 45: Production volume of Spanish paving bricks, 2011 - 2017
Figure 46: Sales of paving bricks in Spain, 2011 - 2017
Figure 47: Export turnover of Spanish paving bricks, 2011 - 2017
Figure 48: Top 10 largest paving bricks importers of Spain, 2016 - 2017
Figure 49: Production of clay and kaolin, Q1/2018
Figure 50: Production of natural stone exploited, 2010 – Q1/2018
Figure 51: Coal price fluctuation, 7/2012 - 3/2018
Figure 52: Prices of oil FO Singapore, 2017
Figure 53: Number of enterprises and laborers in brick, tile and paving stone industry, 2010 - 2016
Figure 54: Allocation of the number of brick, tile and paving stone enterprises by region, 2010 - 2016
Figure 55: Revenue and profit of brick and tile industry, 2010 - 2016
Figure 56: Investment capital and fixed assets of brick, tile and paving stones industry, 2010 - 2016
Figure 57: Production volume of baked clay bricks, 2010 - Q1/2018e
Figure 58: Production of baked tiles, 2010 - Q1/2018e
Figure 59: Production volume of adobe bricks, 2010 - Q1/2018
Figure 60: Aggregate cement brick production capacity of some enterprises, 2017
Figure 61: Paving tiles production in Vietnam, 2011 - Q1/2018
Figure 62: Allocation of ceramic tile production capacity by region, 2015
Figure 63: Capacity of large enterprises in tile industry, 2017
Figure 64: Production of Granite, 2016 - 2017
Figure 65: Production capacity of paving stone in Vietnam, 1990 – 2020f
Figure 66: Consumption of baked clay bricks, 2010 - Q1/2018e
Figure 67: Consumption of baked tiles, 2010 - Q1/2018e
Figure 68: Demand for bricks, 2012 - 2020F
Figure 69: Consumption share of aggregate cement bricks, 2017
Figure 70: Consumption of paving bricks, 2011 - Q1/2018e
Figure 71: Consumption share of paving bricks, 2015
Figure 72: Top paving bricks enterprises with the highest revenue, 2016 - 2017
Figure 73: Consumption of paving stone, 2011 - Q1/2018e
Figure 74: Prices of granite and marble
Figure 75: Export market structure of bricks and tiles 2017e
Figure 76: Exports of bricks and tiles 2010 - Q1/2018
Figure 77: Export value of paving stone, 2011 - Q1/2018e
Figure 78: Export market structure of paving stone, 2017
Figure 79: Import market structure of bricks and tiles, 2017
Figure 80: Import value of bricks and tiles, 2010 - Q1/2018e
Figure 81: Import market structure of bricks and tiles, 2017e
Figure 82: Import value of paving stone, 2011 - Q1/2018e
Figure 83: Import market structure of paving stone, 2017
Figure 84: Inventories of construction bricks, 2010 – 2017e
Figure 85: Period of fluctuations of Vietnam real estate market
Figure 86: Housing supply in Hanoi, 2008-Q1/2018
Figure 87: New supply and number of apartments sold, 2010-Q1/2018
Figure 88: Growth cycle of materials for countertops
Figure 89: Forecast for tiles consumption, 2011 – 2020F
Figure 90: Forecast for paving stone consumption in Vietnam to 2020
Figure 91: Forecast for baked clay brick consumption, 2010 – 2020f
Figure 92: Forecast for baked clay brick consumption, 2010 - 2020f
Figure 93: Gross profit margin, 2015 - 2016
Figure 94: Sales expenses/Net nevenue ratio
Figure 95: Administrative expenses/Net revenue ratio
Figure 96: Self-financing rate, 2015 - 2016
Figure 97: Payment ratio, 2015 - 2016
Figure 98: Average days of sales in inventory, 2015 - 2016
Figure 99: Days of sales outstanding, 2015 - 2016
Figure 100: Fixed asset turnover, 2015 - 2016
Figure 101: Profit ratio, 2015 - 2016
LIST OF TABLES
Table 1: Import duties applied to ceramic products are based on trade agreements signed by Vietnam
Table 2: Characteristic comparison between ceramic and granite brick
Table 3: Characteristic comparison between Marbe and Granite stone
Table 4: Baked clay brick production in the world, 2015
Table 5: Top largest natural stone importers of China, 2016 – 2017 (Unit: USD million)
Table 6: Top largest natural stone exporters of China, 2016 – 2017 (Unit: USD million)
Table 7: Top 10 leading tile manufacturers in the world, 2016
Table 8: Planning on exploration, exploitation and use of some basic materials to 2020
Table 9: Material areas zoning (to 2020)
Table 10: Localities with the largest reserves of stone in Vietnam
Table 11: Cola prices after TKV (effective from 11/8/2016)
Table 12: Comparison between the use of coal and CNG
Table 13: Production capacity of some large enterprises in the industry, 2016
Table 14: Top 10 largest tile manufacturers in Ho Chi Minh City
Table 15: Comparison among some large tile manufacturers in the industry
Table 16: Top 10 largest exporting enterprises in Q1/2018
Table 17: Top 10 largest importing enterprises Q1/2018
Table 18: Planning on demand for building materials to 2020
Table 1: Import duties applied to ceramic products are based on trade agreements signed by Vietnam
Table 2: Characteristic comparison between ceramic and granite brick
Table 3: Characteristic comparison between Marbe and Granite stone
Table 4: Baked clay brick production in the world, 2015
Table 5: Top largest natural stone importers of China, 2016 – 2017 (Unit: USD million)
Table 6: Top largest natural stone exporters of China, 2016 – 2017 (Unit: USD million)
Table 7: Top 10 leading tile manufacturers in the world, 2016
Table 8: Planning on exploration, exploitation and use of some basic materials to 2020
Table 9: Material areas zoning (to 2020)
Table 10: Localities with the largest reserves of stone in Vietnam
Table 11: Cola prices after TKV (effective from 11/8/2016)
Table 12: Comparison between the use of coal and CNG
Table 13: Production capacity of some large enterprises in the industry, 2016
Table 14: Top 10 largest tile manufacturers in Ho Chi Minh City
Table 15: Comparison among some large tile manufacturers in the industry
Table 16: Top 10 largest exporting enterprises in Q1/2018
Table 17: Top 10 largest importing enterprises Q1/2018
Table 18: Planning on demand for building materials to 2020
