NEWS: 公告在東京證券交易所JASDAQ標準市場新上市

表紙
市場調查報告書

越南的水泥市場(2021年)

Vietnam Cement Market Report 2021

出版商 FiinGroup 商品編碼 1008651
出版日期 內容資訊 英文 66 Pages
訂單完成後即時交付
價格
越南的水泥市場(2021年) Vietnam Cement Market Report 2021
出版日期: 2021年05月28日內容資訊: 英文 66 Pages
簡介

越南水泥行業在2020年成長了0.9%,主要是受到活躍的熟料和水泥出口活動的推動,而由於COVID-19的負面影響,國內銷售出現減速。鑑於國內需求疲軟和燃料成本上升,上市水泥製造商的平均EBITDA利潤率從2019年的17.0%下降至2020年的僅15.8%。

本報告提供越南的水泥市場的相關調查,提供目前供需情形相關,主要的成長要素的詳細的分析,2021年預測,至2030年的預測,地區、各主要品牌的PCB30和PCB40袋裝水泥零售價格分析等資訊。

目錄

摘要整理

第1章 需求與供給分析

  • 需求分析
  • 供給分析
  • 預測分析

第2章 競爭情形

  • 市場佔有率
  • 零售水泥價格分析

第3章 部門的財務成果

第4章 市場預測

附錄

  • 附錄1:越南的水泥熟料設施
  • 附錄2:水泥熟料和水泥的出口活動
  • 附錄1:各水泥上市公司的實況報導
目錄

This report presents a board range of topics, both sector-specific and crosscutting market issues.

What's New? Vietnam cement industry expanded by 0.9% in 2020, mainly driven by buoyant clinker and cement export activities while domestic sales recorded deceleration due to negative impact of COVID-19. Given weakened domestic demand & the rise in fuel cost, list cement manufacturers recorded a deteriorated average EBITDA margin from 17.0% in 2019 to only 15.8% in 2020.

This 2021 issue provides the latest information on current supply - demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2021 as well as forecast analysis until 2030. Especially, 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 eighth issue:

  • 1. Domestic cement consumption reached 62.1 million tons in 2020, declining by 5.6% (YoY) due to negative impact of COVID-19. By region, sales volume in the North and the South contracted by 8.2% and 6.5%, respectively, while Central recorded a slight increase by 1.8% thanks to the rebuilding and reconstruction after the heavy storms in the summer 2020 and a boost in construction of industrial parks.
  • 2. Clinker and cement export volume continued strong growth momentum a surge by 14.9% (YoY) in total export volume in 2020. The market is driven by high demand from "traditional" export markets including China and the Philippines as well as Vietnamese cement manufacturers' effort to tap on new markets.
  • 3. Despite supply surplus situation, leading private cement manufacturers continue to develop new facilities aggressively amid COVID-19 to meet demand from overseas market. Particularly, many expansion projects developed by local private groups including Vissai, Long Son, Thanh Thang, Fico-YTL and SCC-VN are expected to launch the commercial operation in the next 5 years, boosting Vietnam production capacity up to 149.3 million tons of cement per annum by 2025.
  • 4. Local private manufacturers continued leading the market, accounting for 41% of market share by domestic cement sales volume in 2020. VICEM and leading private players such as Vissai and Long Son recorded a good performance with full utilization rate of 100% in 2020 while foreign-owned players' figure slumped to 65% in 2020.
  • 5. Vietnam cement sector witnessed deteriorated profit margin due to the rise in fuel cost and slow domestic cement consumption. List cement manufacturers recorded a deteriorated average EBITDA margin from 17.0% in 2019 to only 15.8% in 2020. This could be explained by a slump by 6.3% in net sales due to low demand in domestic market and a surge by 20% in coal price (which is driven by rising demand from China and reduction in production of major suppliers such as Australia). In addition, given fierce competition due to low demand, cement manufacturers spent higher marketing & selling expense to boost sales, contributing to lower EBITDA margin for the year 2020.
  • 6. Domestic cement market in Vietnam is forecasted to have neutral outlook in 2021 while cement and clinker export is projected at positive outlook thanks to high demand from overseas buyers and local manufacturers to explore new markets.

Table of Contents

Executive Summary

Section 1: Supply and Demand Analysis

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

Section 2: Competition landscape

  • 2.1. Market Share
  • 2.2. Retail Cement Price Analysis
  • Section 3: Sector Financial Performance
  • Section 4: Market Outlook

Appendices

  • Appendix 1: Clinker Facilities in Vietnam
  • Appendix 2: Clinker & Cement Export Activities
  • Appendix 1: Selective Listed Cement Companies' Factsheet