| Export week 23-29/10: Cashew exports increased by 3 digits; clinker and cement exports earned more than 1 billion USD Clinker and cement exports in October increased slightly |
According to preliminary statistics from the General Department of Customs, Vietnam's clinker and cement exports in November reached more than 2.5 million tons, earning 101 million USD, down 6% in volume and 8.8% in value compared to October 2023.
In the first 11 months of the year, our country exported more than 28.7 million tons of clinker and cement, equivalent to more than 1.22 billion USD, a slight increase of 0.4% in output but a decrease of 2.6% in value compared to the same period in 2023. The average export price in the first 11 months of 2023 reached nearly 42.7 USD/ton, down nearly 3% over the same period.
In terms of market, the Philippines leads with 27.4% of export turnover, followed by Bangladesh (16.5%) and Malaysia (5.1%).
In November 2023, clinker and cement exports to the Australian market reached 57,352 tons, earning 2.87 million USD, a sharp increase of 271% in volume and 232% in value compared to November 2022.
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| In November 2023, clinker and cement exports earned 1.22 billion USD |
In the first 11 months of the year, Australia imported nearly 470 thousand tons of clinker and cement from Vietnam, equivalent to 23.3 million USD, up 171% in volume and 153% in value. The average export price in the first 11 months of the year reached 49.8 USD/ton, down 6.7% over the same period in 2022.
The demand for cement is high, but because cement production affects the environment and domestic production costs are high, Australia still imports a large amount of cement every year.
Before 2013, Australia's cement imports were mainly from China (48%), Taiwan (43%) and Thailand (7%). However, since 2013, Vietnamese cement and clinker have established a foothold in the Australian market and their market share has been increasing rapidly.
Statistics from the Ministry of Construction show that in the first 11 months of 2023, cement consumption in the whole industry reached about 80 million tons, down 12% over the same period in 2022. Of which, cement consumption in the domestic market was 52 million tons, down 16%; export output reached nearly 29 million tons, down 29% over the same period.
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