Cement export prices in the Mediterranean Basin increased in May boosted by a positive development in the region’s major exporters, up by almost 1 percent compared to the previous month. Meanwhile, FOB cement and clinker prices in the Persian Gulf-Arabian Sea continued to decline by around 1 percent and 1.5 percent month-on-moth, respectively, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.
The cement bagging equipment market size is estimated to remain largely stable until 2026, as a decline in new capacity additions, particularly in greenfield projects, contribute to a slowdown in the sector, according to CW Research's 2021 update of the World Cement Bag & Bagging Equipment Industry and Forecast.
The total volume of sea-based traded cementitious materials is forecast to increase between 2021 and 2026, to reach 192 million tons, according to CW Research's 2021 update of the World Cement, Clinker & Slag Sea-Based Trade Report.
As the global economy regains its growth trajectory in 2021, CW Research expects to see a quick recovery in Asia ex-China and the Middle East regions, which are expected to drive cement consumption growth over the next five years, according to CW Research's 1H2021 update of the Global Cement Volume Forecast Report (GCVFR).
According to CW Research's World Oil Well Cement Market Forecast 2026, oil well cement (OWC) prices saw a severe decrease in premium over OPC in 2016 as a consequence of the oil price crash, but are expected to recover in key markets, including the United States, Russia and Brazil, as oil prices rebound.
World cement consumption is expected to rise by 2 percent in 2021, following a better-than-expected performance in the extremely challenging macroeconomic environment of 2020, according to CW Research's 1H2021 update of the Global Cement Volume Forecast Report (GCVFR).
Despite a recovery in sales in several markets, FOB prices for Portland cement continued to decrease in April in both the Persian Gulf-Arabian Sea and the Mediterranean Basin, down by about 1 percent and almost 2 percent month-on-month, respectively. Furthermore, clinker export prices also declined by about 1 percent in both regions according to the CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.