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Top 10 Countries for Cement Imports in 2023

2023
Archives, Global Trade Daily, Imports/Exports

Top 10 Countries for Cement Imports in 2023

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When it comes to the global cement market, certain countries stand out for their significant import volumes. These countries play a crucial role in meeting the demand for cement in their respective regions and contribute to the overall growth of the cement industry worldwide. In this article, we will take a closer look at the top import markets for cement, based on data provided by IndexBox market intelligence platform.

1. United States

The United States tops the list of the world’s best import markets for cement, with an import value of 2.1 billion USD in 2023. The country’s construction industry is a major driver of cement imports, as it continues to expand and develop infrastructure projects across the nation. The United States relies on imports to supplement its domestic cement production and meet the growing demand for construction materials.

2. Netherlands

The Netherlands is another key player in the global cement market, with an import value of 460.0 million USD in 2023. The country’s strategic location and well-developed infrastructure make it a popular transit point for cement shipments heading to other European countries. The Dutch construction industry also contributes to the demand for cement imports in the country.

3. France

France is a significant importer of cement, with an import value of 433.9 million USD in 2023. The country’s construction sector is a major consumer of cement, as France continues to invest in infrastructure projects and urban development. Cement imports play a crucial role in meeting the demand for construction materials in France.

4. Israel

Israel is one of the top import markets for cement, with an import value of 430.6 million USD in 2023. The country’s construction industry is a key driver of cement imports, as Israel looks to expand its infrastructure and housing projects. Cement imports contribute to meeting the growing demand for construction materials in Israel.

5. Philippines

The Philippines is a significant importer of cement, with an import value of 391.4 million USD in 2023. The country’s construction sector is a major consumer of cement, as the Philippines continues to invest in infrastructure projects and urban development. Cement imports are essential for meeting the demand for construction materials in the Philippines.

6. Italy

Italy is another key player in the global cement market, with an import value of 261.2 million USD in 2023. The country’s construction industry is a major driver of cement imports, as Italy looks to expand its infrastructure and urban development projects. Cement imports play a crucial role in meeting the growing demand for construction materials in Italy.

7. Singapore

Singapore is a significant importer of cement, with an import value of 220.0 million USD in 2023. The country’s strategic location and well-developed infrastructure make it a popular transit point for cement shipments in Southeast Asia. Singapore’s construction sector also contributes to the demand for cement imports in the country.

8. Palestine

Palestine is one of the top import markets for cement, with an import value of 203.3 million USD in 2023. The country’s construction industry is a major consumer of cement, as Palestine continues to invest in infrastructure projects and urban development. Cement imports play a crucial role in meeting the demand for construction materials in Palestine.

9. Hong Kong SAR

Hong Kong SAR is a significant importer of cement, with an import value of 201.4 million USD in 2023. The region’s well-developed infrastructure and high construction activity create a strong demand for cement imports. Hong Kong SAR relies on imports to supplement its domestic cement production and meet the growing demand for construction materials.

10. Hungary

Hungary is another key player in the global cement market, with an import value of 188.7 million USD in 2023. The country’s construction industry is a major driver of cement imports, as Hungary looks to expand its infrastructure and urban development projects. Cement imports play a crucial role in meeting the growing demand for construction materials in Hungary. In conclusion, the world’s best import markets for cement play a vital role in meeting the demand for construction materials and supporting the growth of the global cement industry. These countries rely on imports to supplement their domestic cement production and contribute to the development of infrastructure projects and urban development. By strategically importing cement, these countries ensure a steady supply of construction materials and contribute to the overall success of the cement industry worldwide.

Source: IndexBox Market Intelligence Platform 

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Global Cement Market Reached $305B, With China Leading the Expansion

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IndexBox has just published a new report: ‘World – Cement – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global cement market revenue amounted to $305.4B in 2018, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.0% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Consumption By Country

China (2,363M tonnes) remains the largest cement consuming country worldwide, accounting for 58% of total volume. Moreover, cement consumption in China exceeded the figures recorded by the second-largest consumer, India (289M tonnes), eightfold. The third position in this ranking was occupied by the U.S. (101M tonnes), with a 2.5% share. From 2007 to 2018, the average annual growth rate of volume in China totaled +5.2%.

Production 2007-2018

In 2018, the global cement production totaled 4,072M tonnes, growing by 1.8% against the previous year. The total output volume increased at an average annual rate of +3.6% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

In value terms, cement production amounted to $289.7B in 2018 estimated in export prices. The total output value increased at an average annual rate of +2.6% from 2007 to 2018.

Production By Country

The country with the largest volume of cement production was China (2,370M tonnes), accounting for 58% of total volume. Moreover, cement production in China exceeded the figures recorded by the second-largest producer, India (290M tonnes), eightfold. The U.S. (89M tonnes) ranked third in terms of total production with a 2.2% share.

Exports 2007-2018

In 2018, the amount of cement exported worldwide amounted to 113M tonnes, picking up by 12% against the previous year. In value terms, cement exports stood at $8.1B (IndexBox estimates) in 2018. Over the period under review, cement exports, however, continue to indicate a slight decline.

Exports by Country

In 2018, China (7,314K tonnes), Germany (6,242K tonnes), Canada (6,241K tonnes), Viet Nam (6,196K tonnes), the United Arab Emirates (5,592K tonnes), Turkey (5,484K tonnes), Pakistan (4,190K tonnes), Greece (4,036K tonnes), Spain (3,657K tonnes), Japan (3,233K tonnes), Senegal (3,028K tonnes) and Slovakia (2,503K tonnes) were the main exporters of cement exported in the world, generating 51% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cement export price stood at $72 per tonne in 2018, remaining relatively unchanged against the previous year. In general, the cement export price continues to indicate a relatively flat trend pattern. Prices varied noticeably by the country of origin; the country with the highest price was Germany ($83 per tonne), while Greece ($49 per tonne) was amongst the lowest.

Imports 2007-2018

In 2018, the amount of cement imported worldwide stood at 122M tonnes, going up by 11% against the previous year. The total import volume increased at an average annual rate of +2.1% from 2007 to 2018. In value terms, cement imports stood at $8.9B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +1.2% from 2007 to 2018.

Imports by Country

In 2018, the U.S. (14M tonnes), followed by Sri Lanka (6,687K tonnes) represented the main importers of cement, together comprising 17% of total imports. China, Hong Kong SAR (5,399K tonnes), the Philippines (4,652K tonnes), Oman (4,509K tonnes), Singapore (4,382K tonnes), France (3,859K tonnes), the UK (3,430K tonnes), the Netherlands (3,320K tonnes), Palestine (2,706K tonnes), Cambodia (2,479K tonnes) and Mali (2,292K tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +1.8% from 2007 to 2018. The Philippines (+3.8 p.p.), Sri Lanka (+3.8 p.p.), China, Hong Kong SAR (+3.4 p.p.), Oman (+3.4 p.p.), the U.S. (+2.1 p.p.) and Cambodia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

Import Prices by Country

In 2018, the average cement import price amounted to $73 per tonne, rising by 1.9% against the previous year. Overall, the cement import price, however, continues to indicate a relatively flat trend pattern. Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($101 per tonne), while Singapore ($45 per tonne) was amongst the lowest.

Companies Mentioned

Lafarge Holcim , Anhui Conch Cement Company Limited , China National Building Materials (CNBM), China Resources Cement Holdings, HeidelbergCement AG, Cemex, S.A. de C.V., Saint-Gobain, Ambuja Cements, Italcementi, Votorantim Cimentos

Source: IndexBox AI Platform

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Turkey’s Cement Additives Market Rose 3.6% to Reached $637 in 2018

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IndexBox has just published a new report: ‘Turkey – Prepared Additives For Cements, Mortars Or Concretes – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the prepared additives for cements market in Turkey amounted to $637M in 2018, growing by 3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, prepared additives for cements consumption continues to indicate strong growth. The pace of growth was the most pronounced in 2010 when the market value increased by 38% y-o-y. Prepared additives for cements consumption peaked in 2018 and is likely to continue its growth in the near future.

Production in Turkey

Prepared additives for cements production in Turkey stood at 1.2M tonnes in 2018, surging by 7.9% against the previous year. Over the period under review, prepared additives for cements production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 when production volume increased by 25% year-to-year. Over the period under review, prepared additives for cements production reached its peak figure volume in 2018 and is expected to retain its growth in the near future.

In value terms, prepared additives for cements production amounted to $632M in 2018 estimated in export prices. Overall, prepared additives for cements production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2010 when production volume increased by 38% year-to-year. Over the period under review, prepared additives for cements production attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Exports from Turkey

In 2018, the exports of prepared additives for cements, mortars or concretes from Turkey totaled 77K tonnes, going up by 20% against the previous year. In general, prepared additives for cements exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 when exports increased by 122% year-to-year. Over the period under review, prepared additives for cements exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, prepared additives for cements exports amounted to $35M (IndexBox estimates) in 2018. Overall, the total exports indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +10.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, prepared additives for cements exports decreased by -7.4% against 2014 indices. The pace of growth was the most pronounced in 2011 when exports increased by 53% against the previous year. Exports peaked at $38M in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Georgia (16K tonnes), Free Zones (12K tonnes) and Iraq (12K tonnes) were the main destinations of prepared additives for cements exports from Turkey, with a combined 52% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Free Zones, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from Turkey were Iraq ($7M), Georgia ($5.6M) and Cyprus ($3M), together accounting for 44% of total exports. These countries were followed by Free Zones, Turkmenistan, Azerbaijan, Uzbekistan, Ethiopia, Bulgaria, Iran, the United Arab Emirates and Libya, which together accounted for a further 32%.

Iran experienced the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average prepared additives for cements export price amounted to $458 per tonne, dropping by -5.1% against the previous year. Overall, the prepared additives for cements export price continues to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2010 an increase of 30% against the previous year. In that year, the average export prices for prepared additives for cements, mortars or concretes reached their peak level of $1,021 per tonne. From 2011 to 2018, the growth in terms of the average export prices for prepared additives for cements, mortars or concretes remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ethiopia ($1,070 per tonne), while the average price for exports to Free Zones ($164 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Turkey

In 2018, the amount of prepared additives for cements, mortars or concretes imported into Turkey amounted to 5.3K tonnes, lowering by -63.4% against the previous year. Overall, prepared additives for cements imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2008 with an increase of 73% y-o-y. Over the period under review, prepared additives for cements imports reached their peak figure at 20K tonnes in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, prepared additives for cements imports totaled $8.8M (IndexBox estimates) in 2018. Over the period under review, prepared additives for cements imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2008 when imports increased by 80% y-o-y. Imports peaked at $29M in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

France (1.7K tonnes), Germany (1.1K tonnes) and Italy (361 tonnes) were the main suppliers of prepared additives for cements imports to Turkey, together comprising 61% of total imports. These countries were followed by Canada, Slovakia, Belgium, Russia, the UK, India, the Netherlands and Romania, which together accounted for a further 28%.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Romania (+57.9% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($2.9M), Germany ($2.4M) and Italy ($796K) constituted the largest prepared additives for cements suppliers to Turkey, together comprising 69% of total imports. Canada, Slovakia, Belgium, Russia, India, the UK, Romania and the Netherlands lagged somewhat behind, together comprising a further 19%.

Romania (+53.6% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared additives for cements import price stood at $1,666 per tonne in 2018, surging by 50% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 50% y-o-y. In that year, the average import prices for prepared additives for cements, mortars or concretes reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($2,203 per tonne), while the price for the Netherlands ($477 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform