Forecast: Import of Cement to Viet Nam

The import of cement to Vietnam has exhibited significant fluctuations over the past decade. In 2023, the import value stood at 27.299 million US dollars, reflecting a steady decline since 2017, with a notable year-on-year decrease of 5.85% from 2022. Notably, the five-year CAGR leading to 2023 was -5.45%, indicating a consistent reduction in import values.

Looking forward, the forecast from 2024 onwards suggests a continuous downward trend, with a projected five-year CAGR of -6.23%, culminating in an estimated import value of 18.444 million US dollars by 2028. This forecasted trajectory underscores a sustained decline in cement imports, reflecting an overall decrease of 27.49% over the five-year period.

Future trends to watch for:

• Potential increase in domestic cement production capacity reducing import dependency.
• Government infrastructure development policies impacting demand for cement imports.
• Global supply chain dynamics and their effect on cement import prices and availability.