Total Vietnam cement sales, including domestic and export sales, amounted to 8.333Mt in December, up 5.9 per cent YoY from 7.867Mt a year earlier, according to the Vietnam National Cement Association (VNCA).
Domestic sales in Vietnam jumped 14.8 per cent YoY to 6.080Mt compared to the 5.295Mt reported a year earlier. Of the total, Vietnam Cement Industry Corp (VICEM) companies reported domestic sales up 21 per cent YoY at 1.896Mt. Other VNCA-affiliated companies recorded a 14 per cent YoY increase to 1.124Mt, while non-VNCA members recorded 12 per cent YoY increase to 3.060Mt.
Cement exports rose 6.8 per cent YoY to 1.611Mt in December. VICEM cement exports dropped 25 per cent YoY to 123,638t, other VNCA-affiliated companies saw cement sales fell 13 per cent YoY to 271,385t, while non-VNCA members reported an 18 per cent YoY increase to 1.216Mt.
Clinker exports contracted 39.7 per cent YoY to 641,988t in December. VICEM companies reported no exports, other VNCA-affiliated companies recorded exports of 27,976t down 61 per cent YoY, while non-VCNA members saw clinker export sales drop 37 per cent YoY to 614,012t.
Full-year 2024
In 2024, total cement sales in Vietnam amounted to 95.043Mt, up one per cent YoY from 2023.
Domestic cement sales were 65.191Mt, up three per cent YoY from 2023. VICEM companies reported a 3.3 per cent YoY increase to 18.222Mt, other VCNA members saw a 4.1 per cent YoY increase to 11.809Mt and non-members reported a 3.1 per cent YoY increase to 35.160Mt.
Cement exports from Vietnam were unchanged from 2023, coming in at 20.288Mt for 2024 as a whole. Cement exports by VICEM companies rose two per cent YoY to 2.878Mt, other VCNA-members saw cement exports rise 17 per cent YoY to 3.159Mt, while non-member companies reported a four per cent YoY contraction to 14.250Mt. The Philippines, followed by the USA, Singapore, South Africa and Malaysia were the top five export destinations for cement in 2024.
Clinker exports declined 13 per cent YoY compared to 2023, coming in at 9.564Mt. Clinker exports by VICEM companies jumped 119 per cent YoY to 656,727t, other VCNA-affiliated companies reported a 67 per cent YoY increase to 332,184t, and non-members saw clinker exports decline 18 per cent YoY to 8.575Mt. Bangladesh, Taiwan, Malaysia, the Philippines and Russia were the top five export destinations for clinker in 2024.
Outlook
Strengthening economic growth and a robust revival in construction will help underpin stronger demand for cement in 2025. Meanwhile, robust demand in the Philippines will be the main bolster for Vietnamese cement exports, while the sharp property market correction in China will remain a key downward drag on Vietnamese clinker exports.
