Cement exports from Vietnam to China surge in 2018-2019
Vietnam gets more exciting2019-12-10 16:16:36
2018 is a special year for both China's cement trade and global cement trade. As the world's largest cement demand market, China has transformed from a country where cement exports were much higher than imports in the past, and has become a large cement import country. The total imports of cement and clinker in 2018 were 13.63 million tons, which was higher than the total exports of 4.59 million tons.
Vietnam Cement Plant
The import volume of cement clinker as the main product increased explosively in 2018. The import volume in that year alone reached 13.63 million tons, which is more than the total of the 13-year import volume in 2005-2017. From the perspective of the origin of imported clinker, it is mainly concentrated in Vietnam, accounting for 76% of the total imports.
In 2018, Vietnam's total domestic cement production capacity was 114 million tons per year, and domestic demand was about 60 million tons per year. Vietnam's domestic cement production capacity was severely oversold. Expanding cement exports has become the main method to eliminate Vietnam's overcapacity.
Vietnam's modern cement production line
According to data from the international business research organization AODOK, China has now become the largest cement consumption market in Vietnam, reaching 11.86 million tons in the first ten months of 2019, accounting for 44.1% of Vietnam's total exports, and the transaction value reached 451.2 million US dollars. The price of Vietnam's cement exports to China has risen by 4.7% recently, reaching US $ 38.02 / ton.
Against the background of severe overcapacity, the Chinese cement industry has vigorously promoted the supply-side structural reform of the cement industry. The country has resolutely cracked down on pollution prevention and control. The cement industry has fully implemented the industrial policy of “wrong production”, promoted industry self-discipline, Measures such as “stop kiln production and limit production”, while effectively resolving severe overcapacity and reducing pollution emissions, have maintained the dynamic balance of supply and demand in most regional markets, achieved a significant rise in cement prices, and staged partial emergence of cement clinker in coastal markets along the river. The background of tension and high prices has stimulated surplus cement exports from countries such as Vietnam to China.
It is understood that not only the world ’s top 500 companies are engaged in Vietnam ’s cement import business, but also many non-professional businessmen who are also selling Vietnamese cement to the Chinese market, and have become a new international leader in bulk materials.
It can be expected that in the future, Vietnam's cement will still be exported to China in large quantities.
