Average FOB prices for cement and clinker in the Mediterranean Basin region grew, whereas in the Persian Gulf-Arabian Sea region prices kept declining in November, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf.
Two small, but growing cement markets in East Africa are expected to witness an increase in demand over the next five years. Kenya’s cement demand is estimated to surpass 7 million tons over the next five years, while the cement demand in Tanzania is expected to reach over 8 million tons by 2025, both boosted by an increase in infrastructure investment, according to CW Research’s 2020 updates of the Kenya Cement Market Report and Tanzania…
World cement capacity is projected to exceed 6 billion tons by 2025 with the largest increases projected to come from the Asia ex-China region with almost 200 million tons per annum, according to the CW Research’s 2H2020 update of the Global Cement Volume Forecast Report.
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.