| Cement exports are gloomy, businesses are under pressure to consume. In the first 8 months of 2023, Vietnam's cement and clinker exports decreased in both volume and value. |
According to the General Statistics Office, clinker and cement exports in October 2023 reached 2.6 million tons with a value of 103 million USD, up 22.8% in volume and 14.8% in value compared to October 2022.
In the first 10 months, the cement industry exported more than 26 million tons of products, earning 1.125 billion USD, equivalent to the output of the same period last year but the value decreased by 2.4%.
Export prices of cement and clinker are still on a downward trend, which is the reason why export output does not decrease but the foreign currency value earned slightly decreases.
The Philippines continues to be Vietnam's largest export market for this product with over 6.17 million tons, worth over 277 million USD after 9 months, up 3% in volume but down slightly 1.4% over the same period. The average export price reached 45 USD/ton, down 1 USD/ton over the same period last year.
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| In 10 months, the cement industry exported more than 26 million tons of products, earning 1.125 billion USD. Photo: VGP |
Ranked second is the Bangladesh market, which spent more than 167 million USD to import more than 4.47 million tons of clinker and cement from Vietnam, up 80% in volume and 67% in value over the same period in 2022. Export prices decreased slightly by 3 USD/ton over the same period, reaching 37 USD/ton.
Cement and clinker exports to Taiwan (China) reached more than 1.292 million tons with a value of more than 50.5 million USD, up 4.5% in volume but down 2.5% in value over the same period with an export price of 42 USD/ton.
Cement and clinker exports have been facing declines since the beginning of last year. By the end of 2022, the entire industry exported over 30 million tons, down nearly 15 million tons (equivalent to a 33% decrease) compared to the record figure of 2021.
The total foreign currency value earned from cement and clinker exports in 2022 will only reach 1.36 billion USD, a decrease of 398 million USD compared to 2021.
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