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World - Cement - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

World - Cement - Market Analysis, Forecast, Size, Trends And Insights

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Jan 20, 2020

Global Cement Market Reached $305B, With China Leading the Expansion

IndexBox has just published a new report: 'World - Cement - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The global cement market revenue amounted to $305.4B in 2018, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.0% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Consumption By Country

China (2,363M tons) remains the largest cement consuming country worldwide, accounting for 58% of total volume. Moreover, cement consumption in China exceeded the figures recorded by the second-largest consumer, India (289M tons), eightfold. The third position in this ranking was occupied by the U.S. (101M tons), with a 2.5% share. From 2007 to 2018, the average annual growth rate of volume in China totaled +5.2%.

Production 2007-2018

In 2018, the global cement production totaled 4,072M tons, growing by 1.8% against the previous year. The total output volume increased at an average annual rate of +3.6% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

In value terms, cement production amounted to $289.7B in 2018 estimated in export prices. The total output value increased at an average annual rate of +2.6% from 2007 to 2018.

Production By Country

The country with the largest volume of cement production was China (2,370M tons), accounting for 58% of total volume. Moreover, cement production in China exceeded the figures recorded by the second-largest producer, India (290M tons), eightfold. The U.S. (89M tons) ranked third in terms of total production with a 2.2% share.

Exports 2007-2018

In 2018, the amount of cement exported worldwide amounted to 113M tons, picking up by 12% against the previous year. In value terms, cement exports stood at $8.1B (IndexBox estimates) in 2018. Over the period under review, cement exports, however, continue to indicate a slight decline.

Exports by Country

In 2018, China (7,314K tons), Germany (6,242K tons), Canada (6,241K tons), Vietnam (6,196K tons), the United Arab Emirates (5,592K tons), Turkey (5,484K tons), Pakistan (4,190K tons), Greece (4,036K tons), Spain (3,657K tons), Japan (3,233K tons), Senegal (3,028K tons) and Slovakia (2,503K tons) were the main exporters of cement exported in the world, generating 51% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cement export price stood at $72 per ton in 2018, remaining relatively unchanged against the previous year. In general, the cement export price continues to indicate a relatively flat trend pattern. Prices varied noticeably by the country of origin; the country with the highest price was Germany ($83 per ton), while Greece ($49 per ton) was amongst the lowest.

Imports 2007-2018

In 2018, the amount of cement imported worldwide stood at 122M tons, going up by 11% against the previous year. The total import volume increased at an average annual rate of +2.1% from 2007 to 2018. In value terms, cement imports stood at $8.9B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +1.2% from 2007 to 2018.

Imports by Country

In 2018, the U.S. (14M tons), followed by Sri Lanka (6,687K tons) represented the main importers of cement, together comprising 17% of total imports. China, Hong Kong SAR (5,399K tons), the Philippines (4,652K tons), Oman (4,509K tons), Singapore (4,382K tons), France (3,859K tons), the UK (3,430K tons), the Netherlands (3,320K tons), Palestine (2,706K tons), Cambodia (2,479K tons) and Mali (2,292K tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +1.8% from 2007 to 2018. The Philippines (+3.8 p.p.), Sri Lanka (+3.8 p.p.), China, Hong Kong SAR (+3.4 p.p.), Oman (+3.4 p.p.), the U.S. (+2.1 p.p.) and Cambodia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

Import Prices by Country

In 2018, the average cement import price amounted to $73 per ton, rising by 1.9% against the previous year. Overall, the cement import price, however, continues to indicate a relatively flat trend pattern. Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($101 per ton), while Singapore ($45 per ton) was amongst the lowest.

Companies Mentioned

LafargeHolcim

Anhui Conch Cement Company Limited

China National Building Materials (CNBM)

China Resources Cement Holdings

HeidelbergCement AG

Cemex, S.A. de C.V.

Saint-Gobain

Ambuja Cements

Italcementi

Votorantim Cimentos

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global cement market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23511210 - Portland cement
  • Prodcom 23511290 - Other hydraulic cements

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Lafarge Holcim, Cemex, CRH, Buzzi Unicem, Argos USA Corporation, Ash Grove Cement Company, Eagle Materials, Lehigh Hanson, CalPortland Company, Holcim, Anhui Conch, China National Building Materials, HeidelbergCement, Italcementi, China Resources Cement Holdings, Taiwan Cement Corporation, Eurocement, Votorantim Cimentos, Sinoma, Buzzi Unicem, Huaxin Cement, Jidong, Ultratech, F.W. Webb Company, Ellsworth Adhesives, Ryan Herco Flow Solutions

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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