Features Gray cement export prices to maintain upward trend in 3Q2022 4 October, 2022 SHARE THIS ARTICLE Share Tweet Post Email LATEST Markets & Competition Bamburi Cement faced 111 power outages last year Cement manufacturer faced various power outages due to April 26, 2024 Environment Shree Cement commits to 100% renewable energy by 2050 Shree Cement is pioneering sustainability in the cement April 26, 2024 MOST READ Environment Groundbreaking ceremony for Holcim's climate-neutral CO2 neutral plant to be functional in 4 April 22, 2024 Markets & Competition Adani raises stake in Ambuja Cements Investment set to accelerate growth April 18, 2024 Gray cement export prices to maintain upward trend in 3Q2022 Gray cement exports increased almost 4 percent in 2Q2022, even as the Russia-Ukraine conflict and the pandemic continue to impact the industry The Mediterranean Basin remains the largest gray cement exporting region Turkey maintains its position as the largest gray cement exporter globally Greenwich (CT), USA, October 4, 2022 – The CW price index for gray cement exports is expected to increase almost 4 percent in 3Q2022 when compared to the previous quarter, according to the 3Q2022 update of the CW Research's Global Cement Trade Price Report (GCTPR). The Mediterranean Basin and Asia-Pacific-Japan were the main regions exporting gray cement, accounting for more than 60 percent of total exports during the second quarter. "The CW price index for gray cement exports is expected to continue to increase on the back of high production costs. This can be attributed in large part to rising inflation, energy and fuel prices that are a result of the ongoing Russia-Ukraine conflict," explains Julieth Tovar, Business Analyst at CW Group. Mediterranean Basin remains the largest gray cement exporter in 2Q Gray cement export volumes increased by over 8 percent in the second quarter in the Mediterranean Basin, compared to the previous quarter, while the CW price index for gray cement rose by over 10 percent quarter-on-quarter. In the third quarter of the year, the CW price index for gray cement exports is estimated to increase by more than 5 percent compared to 2Q2022. Turkey continues to lead cement exports in the second quarter of 2022 Turkey continued to be the largest exporter of gray cement on a global scale in 2Q2022, with an increase of nearly 6 percent from the previous quarter. The country accounted for almost a quarter of the global exports. Vietnam and Japan were the second and third largest exporters in 2Q2022, respectively. Vietnam saw a volume decrease of over 18 percent from the first quarter, whereas in Japan gray cement exports rose 15 percent quarter-on-quarter. Asia-Pacific-Japan is estimated to remain the second-largest gray cement exporter in the world in terms of volume in 3Q2022. The CW price index for gray cement exports rises across regions The CW price index for gray exports for Asia-Pacific-Japan is projected to increase by almost 4 percent from 2Q2022. Meanwhile, in North America and the Caribbean, the CW price index for gray cement exports is estimated to rise by more than 1 percent. In Western Europe, the CW price index for gray cement in 3Q2022 is expected to rise almost 3 percent, whereas in Eastern Europe the forecast points to a rise of more than 1 percent, as the Russia-Ukraine conflict continues to impact costs in the region. The Global Cement Trade Price Report is CW Research's benchmark price assessment for monthly gray cement, white cement, clinker and granulated blast furnace slag prices and volumes. The 150+ page report, published on a quarterly basis, serves as the industry go-to source for monthly price data for over 70 individual markets worldwide, including multiple cornerstone data series: import, export, ex-works and market prices. Buy the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline