Features

     

  • The market is expected to grow at a CAGR of 6.0 percent during 2023E-2028F
  • Middle East & Africa’s market size to be the fastest growing at a CAGR of 8.9 percent
  • Fly ash is expected to account for 41.2 percent of the total usage for the production of green cement in 2028F

     

  • Global demand for white cement is forecast to grow at a CAGR of nearly 4 percent in the 2023-2028 forecast period
  • Per capita consumption of white cement to continue growing by 2028
  • Eastern Europe and CIS emerge as the largest white cement exporting region in 2023

     

  • Global green building market size is expected to grow at a CAGR of almost 8 percent in the forecast period of 2018-2028F
  • China´s green building market size is projected to overtake the US by 2028F
  • The Middle East is on track to be the fastest-growing region in the global green building market until 2028

  • FOB prices for bulk ordinary Portland cement increase in the Mediterranean Basin and the Persian Gulf-Arabian Sea, while CFR prices decline in East Africa
  • Cement consumption decreases in Morocco in the first two months of 2023
  • Exports maintain upward trend in Saudi Arabia

  • Cement demand in Kenya is forecast to increase at an annual average rate of almost 6 percent
  • Clinker imports are expected to decline with an increase in local capacity
  • Kenyan cement exports are expected to grow as a result of increased capacity

  • Cement ex-works prices are forecast to range from a decrease of more than 3 percent in Costa Rica to an increase of around 8 percent in Nigeria
  • Sub-Saharan Africa's ex-works prices expected to rise on a quarterly basis
  • Costa Rica to see the largest decline in ex-works cement prices

  • The global CW price index for gray cement exports is forecast to increase almost 1 percent quarter-on-quarter in 1Q2023
  • The Middle East region expected to see a decline in prices
  • North America and the Caribbean to lead the CW price index for gray cement exports

     

  • Year-to-date through December 2022, Pakistan sees a significant drop in cement sales
  • Investment in construction boosts Argentina's cement demand
  • China's cement output was restricted by the Zero-Covid policy in 2022

  • FOB prices for bulk ordinary Portland cement increase in the Mediterranean Basin and the Persian Gulf-Arabian Sea, while CFR prices rise in East Africa
  • Cement demand rises in Spain after five months of declines
  • Exports maintain an upward trend in Saudi Arabia in November

     

  • Cement demand is expected to increase on the back of infrastructure projects
  • Exports are likely to remain stable in the next five years
  • Cement capacity is projected to grow as a result of further investment

     

  • Asia ex-China is expected to see the largest growth in consumption in the next five years
  • Investment in Infrastructure boosts consumption in the Middle East
  • China is projected to see an overall downward trend over the forecast period

  1. Bulk ordinary FOB cement prices rise in the Med Basin and the Persian Gulf in November
  2. Global cement demand revised downwards in 2022
  3. Cement demand shows mixed trends in the first nine months of 2022
  4. Global gray cement export prices to continue rising in 4Q2022
  5. FOB cement prices increase in the Mediterranean Basin and the Persian Gulf-Arabian Sea in October
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