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2018-01-09 Print

Asian Cement Markets Expand in November, Middle East still struggling


CW Research’s Cement Country Market Data reporting, available on CW Group’s CemWeek.com market reporting platform, covers monthly cement volume trends across the globe. The service provides data and statistics on monthly demand and supply volumes for the largest cement producing and consuming markets around the world.

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Greenwich (CT), USA, January 4, 2018 – In November 2017, cement demand has showed signs of recovery in selected markets across the world, according to CW Research’s Cement Country Market Data reporting. In the Far East, several cement markets are benefiting from a positive environment. Over the same period, the Japanese and Chinese markets remained stable, displaying a 3.2% and 3.3% year-on-year rise in cement production, respectively.

Markets displaying higher economic growth rates, such as Vietnam and Indonesia, have recorded a stellar performance in 2017. In November, cement production in Vietnam surged 27.1% on a yearly basis, whereas consumption in Indonesia rose 11.0% YoY.

As noted by Filipe Gouveia, analyst with CW Research: “Indonesia’s performance in the second half of 2017 is owing to a surge in investment in the infrastructure sector. While the country’s infrastructure needs are vast, the government’s concerns over a rising public deficit could threaten a stable growth for the domestic cement industry in the upcoming years.”

Middle East and South America dragged down by shrinking demand

Conversely, in the Middle East and North Africa region, Saudi Arabia and Morocco continue to struggle with a decreasing cement demand, with both countries recording a negative year-to-date consumption in November.

Over the same period, Saudi Arabia registered a 14.8% year-to-date contraction in cement demand, remaining one of the poorest performing markets in the world. Morocco, on the other hand, recorded a rise in cement demand on a yearly basis for three consecutive months, reaching 1.3 million tons in November. While year-to-date demand is down 2.8%, a rise in construction activity in the housing and infrastructure sectors will drive the Moroccan cement demand upwards.

In South America, the Argentinian cement market continues to stand out as an outlier in the region, as the other markets continue to be plagued by a mute demand. In Brazil, political instability and a poorly performing economy are the main reasons behind a declining cement demand. In November, domestic cement demand slipped 3.9%, as the markets aim towards stabilization.
In Peru, the market is showing signs of recovering from the El Niño phenomenon in the start of the year, as cement demand rose for the third month in a row on a yearly basis.


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For more information, placing an order, or interview inquiries, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group, by phone at +40-744-67-44-11, or e-mail at ldcwgrp.com.

About Cement Country Market Data

CW Research’s Cement Country Market Data reporting, available on CW Group’s CemWeek.com market reporting platform, covers monthly cement volume trends across the globe. The service provides data and statistics on monthly demand and supply volumes for the largest cement producing and consuming markets around the world. Presented in an objective, easy-to-understand format, the Cement Country Market Data is an indispensable tool for producers, suppliers, traders, investors and end-users that need to quickly understand developments in the world cement markets.

Additional coverage on country volume data can be found here: http://www.cwgrp.com/cemweek-marketdata/country-volume-data


About CW Group
The Greenwich, Connecticut, USA headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com

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