Cement News tagged under: Consumption
Indian cement demand continues apace but undersupply looms30 April 2024, Published under Cement NewsIndian cement consumption rose 7.9 per cent YoY in 2023, amounting to 418Mt, according to ICR Research. Per capita consumption increased to 293kg in 2023, up from 273kg a year earlier, but is still well below average global per capita consumption of 414kg, suggesting the possibility for strong demand growth. India's strong demand fundamentals are reminiscent of those of China in the decades prior to 2010. India is undergoing rapid social and economic development. By 2030, the country is f... |
Difficult start to 2024 for US cement market26 April 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 5.886Mt in the first month of 2024, down 14.3 per cent YoY from the 6.872Mt recorded in January 2023, according to the US Geological Survey (USGS). Of the total blended volume reported, 2.745Mt, or 98 per cent, was estimated to be Portland limestone cement. The key destination for Portland cement shipments was California after a jump of 23.9 per cent YoY to 592,269t. Followed by Tex... |
Indian cement demand to grow by 6-7% in FY24-2526 April 2024, Published under Cement NewsIndian cement volume growth recovered to a healthy 7-8 per cent YoY in the last quarter (1 January 2024-31 March 2024) of FY23-24, on aggressive volume push, after growing ~15 per cent YoY in the first half of the year and logging a moderate slowdown in the third quarter due to regional hindrances, according to CRISIL MI&A Research. This ensured a third straight year of healthy demand growth at ~11 per cent to ~441Mt. On this high base, CRISIL expects cement demand growth in India to cool t... |
Outlook improving for Indonesia cement demand, clinker exports robust25 April 2024, Published under Cement NewsCement sales in Indonesia amounted to 65.501Mt in 2023. This is an increase of 3.4 per cent YoY compared to the 63.346Mt reported in 2022. Regional sales were a mixed bag, with over a third recording sale contractions. Java, the country’s largest market, saw sales rise a modest 0.3 per cent YoY to 33.56Mt, while sales in the capital Jakarta rose 5.5 per cent YoY to 2.714Mt. Sales volumes were largest in Jabar, coming in at 10.695Mt, though this was down 1.3 per cent YoY from 2022. Sales a... |
Swiss cement market contracts 8% in 1Q2425 April 2024, Published under Cement NewsCement demand in Switzerland, including Liechtenstein, declined eight per cent to 786,433.2t in the first quarter of 2024 when compared with 855,143.7t in the 1Q23, according to the Swiss cement association, cemsuisse. While cement sales continue to fall due to uncertainty in terms of interest rates, energy prices and supply chains, the decline is slowing. Planned projects in civil engineering, which are expected to stabilise the market, remain positive. Low-carbon cement accounts for 96.5... |
Moroccan cement deliveries fall 14% in March22 April 2024, Published under Cement NewsCement deliveries in Morocco dropped 14 per cent YoY to 1,028,481t in March 2024, according to the country's cement association, APC. Sales by its members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – were down from 1,195,305t in March 2023. Deliveries to the retail sector fell 20.7 per cent to 575,731t in March 2024 from 725,926t in March 2023. The ready-mix concrete segment reduced its off-take by three per cent YoY to 238,646t from 24... |
Mexico's demand expected to cool down22 April 2024, Published under Cement NewsCement demand in Mexico is forecast to cool down with the country's major cement producing expecting modest growth in 2024 following the completion of some of the government's key infrastructure projects and a reduction in the infrastructure budget. As a result, domestic cement producers are looking to Europe for alternative sales or prepare for expansion projects in Mexico. In 2023 construction activity in Mexico advanced by 15.6 per cent, largely driven by 78 per cent growth in civil wor... |
Cement consumption in Ukraine increased 17% in 202319 April 2024, Published under Cement NewsCement consumption in Ukraine rose by 17 per cent last year, up 5.4Mt compared to 2022, says Pablo Kachur, head of the country's cement association, Ukrcement Association. “A similar jump is not predicted this year, but we will probably get 6Mt of domestic cement consumption,” said the representative. Ukraine’s peak pre-war consumption was 10.6Mt (2021), according to The Global Cement Report, 15th Edition . This figure fell to 4.5Mt, following Russia’s invasion of the country in 2022,... |
Strong growth in Iran cement despite risks10 April 2024, Published under Cement NewsIranian cement consumption rose 15.2 per cent YoY in February 2024 to 4.93Mt, up from 4.28Mt, according to the Iranian cement association. Producers manufactured 5.13Mt of cement and 5.04Mt of clinker in February, an increase of 11.8 and 18.9 per cent, respectively, when compared with February 2023. A total of 0.93Mt of cement and clinker was exported in February, with cement exports decreasing 11.1per cent YoY to 0.32Mt and clinker exports dropping 37.1 per cent YoY to 0.61Mt. January-Fe... |
Steppe Cement posts 24% drop in 1Q revenue05 April 2024, Published under Cement NewsKazakhstan-based Steppe Cement reported revenue of KZT3.779bn (US$8.4m) in the first quarter of 2024, down 23.5 per cent from KZT4.938bn in the year-ago period. The company's market share in Kazakhstan contracted to 11.5 per cent in the 1Q24 from 12.7 per cent in the 1Q23. Steppe Cement sold 175,383t of cement, representing a 18.4 per cent drop when compared with the 1Q23 when sales volumes stood at 214,832t. The average price received by the cement producer fell 6.3 per cent to KZT21,545... |