株式会社グローバルインフォメーション
TEL: 044-952-0102
表紙
市場調査レポート

ベトナムのセメント市場の分析

Vietnam Cement Market 2019 Report

発行 FiinGroup JSC 商品コード 314705
出版日 ページ情報 英文 63 Pages
即納可能
価格
本日の銀行送金レート: 1USD=108.98円で換算しております。
Back to Top
ベトナムのセメント市場の分析 Vietnam Cement Market 2019 Report
出版日: 2019年04月11日 ページ情報: 英文 63 Pages
概要

当レポートでは、ベトナムのセメント市場について分析し、現在の需給バランス動向や今後の見通し (今後3年間分)、分野別 (国内用 (インフラ、土木建設、住宅建設など)、輸出用) の詳細動向、将来的な市場成長の可能性などを調査しております。

エグゼクティブ・サマリー

第1章 需要・供給分析

  • 需要分析
  • 供給分析
  • 予測分析

第2章 競争環境

  • 市場シェア
  • 販売・価格設定戦略

第3章 業績動向

第4章 市場の成長可能性

付録

  • 付録1:ベトナムのマクロ経済状況
  • 付録2:上場セメント企業の概略データ
目次

What's New? Vietnam cement and clinker sales volume reached record high in 2018 thanks to strong domestic market and robust export activities. Given the strong demand and increasing price, local cement manufacturers enjoyed healthy, improved financial performance from average 14.5 percent EBITDA margin in 2017 to average 16.9 percent EBITDA margin in 2018.

This 2019 issue provides the latest information on current supply - demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers as well as additional capacity projection until 2030. Especially, for the first time, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.

Below are the most critical findings in our seventh issue:

  • 1. Domestic market consumption improved significantly in 2018. Particularly, cement domestic sales volume reached 64.8 million tons, posting a y-o-y growth rate of 7.0 percent. By region, cement sales volume in the North and South grew at 8.9 percent and 6.7 percent in 2018 while the figure was only 4.0 percent in the Central.
  • 2. Cement & clinker export volume was booming in 2018 with an increase of 45.5 percent, surging up to a record of 28.6 million tons in 2018. The momentum continues to remain strong in the first two months of 2019, which could be explained by higher price of clinker in China. In fact, Chinese Government has implemented an unprecedented pollution crackdown by shutting down steel and cement factories in the effort to address China's infamous pollution, affecting 10.0% cement production capacity in this country. Despite supply surplus situation on national scale, there is a certain temporary shortage in some border provinces near Vietnam. Thanks to robust clinker demand from key markets, Vietnam average clinker export price rose significantly to US$38.8 per ton while cement export price was on the downward to US$49.3 per ton in February 2019.
  • 3. Cement designed capacity in Vietnam is expected to surge in the next three years thanks to aggressive expansion of local private players including Thanh Thang, Vissai, ThaiGroup (previously Xuan Thanh) and Long Son. The majority of new capacity is in the Central where demand is relatively low compared to the North and the South.
  • 4. Despite supply surplus situation, domestic cement price has followed upward trend since November 2016. Particularly, domestic cement price increased by 6 percent during the year 2018 due to the rise in electricity tariff and coal price. In 2019, given a hike of 7.3% in retail electricity tariff in March, cement manufacturers announced to increase domestic price by US$1-2 per ton in April.
  • 5. Vietnam cement market is expected to follow strong momentums in 2019 thanks to strong domestic demand and solid growth in key export markets. Particularly, Vietnam residential property market expects strong launches and positive sale volume in the next three years, especially for affordable segment. Several large infrastructure projects are underway such as the North-South Expressway, Long Thanh International Airport and high-speed North-South railway. In addition, key export markets of Vietnam including China, Philippines and Bangladesh continues to record increasing demand thanks to infrastructure development.
  • 6. Local cement manufacturers recorded an improvement in profitability thanks to increasing price and strong domestic demand. Particularly, average net profit margin and EBITDA margin increased to 3.4 percent and 16.9 percent, respectively in 2018.

Table of Contents

Executive Summar.

Section 1: Supply and Demand Analysi.

  • 1.1. Demand Analysis
  • 1.2. Supply Analysi.
  • 1.3. Forecast Analysi.

Section 2: Competition landscape

  • 2.1. Market Share
  • 2.2. Retail Cement Price Analysis

Section 3: Sector Financial Performance

Section 4: Market Potentials

Appendices

  • Appendix 1: Vietnam Macro-economic Situation
  • Appendix 2: Listed Cement Companies' Factsheet
Back to Top