International Cement Review articles tagged under : Market Reports
2024: from black swans to green leaders?
The New Year brings hope for a more “normal” period in the cement markets with a return to profit on the back of favourable price-cost dynamics rather than demand growth. By Paul Roger, BNP Paribas Exane, UK. Figure 1: forecast growth in cement consumption, 2024 (Source: BNP Exane Paribas) The past few years have called into question the usefulness of bottom-up modelling, includin...
Pakistan: navigating uncertainty
Pakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity ex...
A new era for Nigeria
Nigeria’s new president signals the dawn of a new era as the west African country aims to address long-standing macroeconomic imbalances. The domestic cement sector continues to add additional capacity in view of lon...
India: riding the growth wave
India, the world’s second-largest cement market, has demonstrated strong resilience and recovery since the COVID-19 pandemic. The country is now on course for a higher, sustainable demand trajectory and the cement se...
Egypt: controlling the variables
Economic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota system in 2021 that has h...
Global aggregates: recovering, resilient and sustainable
Increasingly resilient, the global aggregates market is recovering from the COVID-19 pandemic. Moreover, as shown in a recent meeting of the Global Aggregates Information Network (GAIN TM ), the industry is poised to...
Australia embraces low carbon
The carbon tax has had a profound effect on Australia’s cement industry, which has expanded its clinker grinding facilities and channelled investment into decarbonisation measures. New players are also keen to enter ...
Germany’s net zero ambitions
After over a decade of steady growth, German construction demand has been dampened due to rising interest rates and high inflation. Despite the challenging conditions, the cement sector is focussing on CO 2 reductio...
Foundations for the future
While cement demand declined in Turkey in 2022, the country’s cement producers expect to supply the domestic market with significant volumes in 2023 as Turkey rebuilds after the devastating earthquake of early 2023. ...
Turkey’s low-carbon contributions
The past few years have seen changing trends in the Turkish cement sector. As the country looks to the road ahead, Volkan Bozay, CEO of Turkish cement manufacturers association TürkÇimento, discusses the cement indu...
Spain’s expectations
While 2022 proved to be a year of atypical and complex developments, Spanish cement association OFICEMEN sees upside potential for the domestic cement sector in 2023. However, a snap parliamentary election with no cl...
Brazil’s way ahead
Despite Brazil’s strong economic performance in 2022, the outlook for 2023 is less optimistic. To reduce economic uncertainty and boost cement demand, the government is being urged to resume investment in infrastruct...
A new chapter for China
After implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-related restrictions as well as domestic a...
Uganda’s upturn awaits
Despite Uganda’s cement market remaining flat in FY21-22, expectations are for a revival in demand growth with the introduction of new infrastructure and housing plans. The country’s domestic industry remains reliant...
Progress for Peru?
Following a market contraction in 2020, Peru’s cement producers have seen domestic cement demand recover, making significant gains, even when compared to pre-pandemic levels. Company performance remains solid despite...
Vietnam’s emerging trends
Amid challenging market conditions and higher production costs, energy efficiency and decarbonisation have emerged as key development trends in the Vietnamese cement sector. These measures are helping producers optim...