Asia ex-China markets are expected to support global cement demand for the forecast period 2020-2025. The region is expected to retain its position as the fastest growing region, at CAGR of over 4 percent, according to the CW Research’s 2H2020 update of the Global Cement Volume Forecast Report.
Despite the current oversupply scenario befalling the Algerian cement industry, the sector is expected to see a further increase of capacity at a CAGR of 1.8 percent by 2025, exceeding 46 million tons, reveals CW Research’s 2020 update of the Algeria Cement Market Report.
In October, FOB prices for cement and clinker both in the Persian Gulf-Arabian Sea region and in the Med Basin region declined, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf.
World cement consumption is expected to decline to 3.9 billion tons in 2020, according to CW Research's extended 2H2020 update of the Global Cement Volume Forecast Report. Global cement consumption has seen a decline across almost all regions with the exception of China, as the economies have grappled with lockdowns seeking to halt the spread of the pandemic leading to a negative impact on economic growth and construction activities in the short term.
FOB prices for cement and clinker continued to decline both in the Persian Gulf-Arabian Sea region and in the Med Basin region in September 2020, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf.
In an exclusive interview with CemWeek, Ian Riley, CEO of the World Cement Association, shares his insights on the global cement market in 2020, from demand levels and sustainability to WCA projects meant to aid cement producers.
Global slag export volumes remained depressed in the second quarter of 2020, with trade volumes decreasing by more than 18 percent quarter-on-quarter and CW price index average global prices following the same trend, contracting slightly by about 1 percent in the period, compared to the previous quarter, according to the 3Q2020 update of CW Research's Global Cement Trade Price Report.