Peru and Sri Lanka have emerged as potential markets for Vietnamese cement and clinker, reporting remarkable import growth in the first quarter of 2017.
According to the Vietnam National Cement Association (VNCA), apart from the traditional markets of Bangladesh and the Philippines, Vietnam’s cement and clinker manufacturers have been exporting more products to Peru and Sri Lanka.
In the first three months of 2017, Peru imported close to 197,000 metric tons of cement and clinker from Vietnam, up 50 percent against the same period of last year.
Vietnam’s Q1 cement and clinker shipments to the South American country were valued at US$9.13 million, 43 percent more than the 2016 figure.
Meanwhile, Sri Lanka imported $3.34 million worth of cement and clinker from Vietnam in the first quarter of 2017, surpassing 2016 by over 20 percent.
In terms of quantity, the South Asian country have also bought over 30 percent more of cement and clinker from Vietnam since the beginning of 2017 than they did in the same period of last year.
At the same time, however, Vietnam’s cement exports to other markets such as Australia, Laos, Cambodia and Malaysia have experienced significant drops of between 30 and 60 percent in the period, the VNCA noted.
Increased exports to Peru and Sri Lanka were therefore the ‘savior’ for Vietnam’s cement industry in the current time of tremendous hardship, the VNCA said.
Source: Tuoi Tre News
Photo: CBR Investment AG