Over the past years, the global cement production has sharply
increased from 1.38 billion tons in 2002 to 4.1 billion tons in 2017
(equivalent to 73.4% compared to the installed capacity). In 2017, the total
cement installed capacity was estimated at over 6 billion tons, a slight
increase over 2016. There have been currently about 160 countries producing
cement in the world, in which, cement production in Asia has been leading the
world, accounting for 80.2% of the global cement produced volume in 2016 with
China taking the lead.
Vietnam
cement market continues to have excess supply. In 2017, Vietnam Cement
industry has had three new cement production lines with the installed capacity
of x.x million tons per year coming into operation. Therefore, by the end of
2017, there were 83 cement production lines in the country with the total
capacity of xx.x million tons. In Q1/2018, the number of produced cement was
estimated about xx.xxx thousand tons. The quantity of exported cement and
clinker in Q1/2018 reached x.xx million tons, sharply increasing over 2017. In
general, Vietnam cement industry has been continuously oversupplied in the
coming years, but the situation would be more complicated and would change by
region.
Three groups of cement
suppliers in Vietnam: Companies group belonging to VICEM (VICEM is 100% state
enterprises with many subsidiaries and associated companies). The second group
is foreign cement companies, including LafargeHolcim (Europe), Nghi Son
(Japan), Chinfon (Indonesia), Thang Long (Indonesia) va Luks (Hong Kong)Group of private companies having
large-size in the locality, including Xuan Thanh, Cong Thanh and Vissai,
besides that there are many small cement enterprises in the locality.
Competition within the
industry along with large cement companies are jointly capturing the market,
small cement enterprises are forced into bankruptcy or merger because they are
not competitive enough. It is forecast that in the period 2016-2020, the
increase in demand will be stable at 6-7%.
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Ankur
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