The general picture shows that total cement consumption at home and abroad in April reached 8.77 million tons, a year-on-year rise of 20%, bringing the total volume sold in the four months to 29.83 million tons, up 13% against the same period last year.
April saw strong growth in the domestic market’s consumption of cement due to a period of weather which was favourable for construction. A further boost was that cement prices had inched up compared to previous months.
In the first quarter of the year, cement exports to most markets achieved higher growth than in the same period last year, with exports to Southeast Asian countries exceeding 40% in both volume and value. Taiwan became the fastest growing market in the period, trailed by Malaysia, Bangladesh, and the Philippines.
One of the major factors behind the export growth is China’s new construction material development policy which aims to reduce cement production in order to protect the environment. In addition, policy changes and product and material price hikes also attributed to Vietnam’s cement export growth.