Central Asia: Cement Market 2024

Cement Market Size in Central Asia

In 2022, the Central Asian cement market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cement Production in Central Asia

In value terms, cement production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Cement Exports

Exports in Central Asia

In 2022, shipments abroad of cement decreased by -13.6% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 249% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cement exports contracted to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 216% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Tajikistan (X tons) and Kazakhstan (X tons) represented the key exporters of cement in Central Asia, together comprising 73% of total exports. Kyrgyzstan (X tons) ranks next in terms of the total exports with a 20% share, followed by Uzbekistan (6.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +48.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cement supplying countries in Central Asia were Kazakhstan ($X), Tajikistan ($X) and Kyrgyzstan ($X), together accounting for 91% of total exports. Uzbekistan lagged somewhat behind, accounting for a further 8.8%.

Uzbekistan, with a CAGR of +44.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2018 when the export price increased by 8.3% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Uzbekistan ($X per ton) and Kazakhstan ($X per ton), while Tajikistan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (-2.3%), while the other leaders experienced a decline in the export price figures.

Cement Imports

Imports in Central Asia

After three years of decline, supplies from abroad of cement increased by 14% to X tons in 2022. In general, imports showed noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of 167% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cement imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 164% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Uzbekistan represented the major importing country with an import of about X tons, which recorded 64% of total imports. Kazakhstan (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (6.9%). Mongolia (X tons) held a little share of total imports.

Uzbekistan was also the fastest-growing in terms of the cement imports, with a CAGR of +34.0% from 2012 to 2022. At the same time, Kyrgyzstan (+22.8%) displayed positive paces of growth. By contrast, Kazakhstan (-3.6%) and Mongolia (-19.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by +64 and +5.7 percentage points, respectively.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of imports in 2022, with a combined 94% share of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +32.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, falling by -28.6% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 29%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Mongolia ($X per ton), while Uzbekistan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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