China: Cement Clinker Market 2024

Cement Clinker Market Size in China

The Chinese cement clinker market expanded sharply to $X in 2022, rising by 7.6% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cement Clinker Production in China

In value terms, cement clinker production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cement Clinker Exports

Exports from China

In 2022, the amount of cement clinker exported from China shrank dramatically to X tons, with a decrease of -43.7% on the previous year's figure. In general, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 97%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cement clinker exports fell to $X in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Cameroon (X tons), Myanmar (X tons) and South Africa (X tons) were the main destinations of cement clinker exports from China, with a combined 45% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +119.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cement clinker exported from China were Myanmar ($X), South Africa ($X) and South Korea ($X), together comprising 52% of total exports. Cameroon, Mexico, the Netherlands, Russia, Australia, the Philippines, Kenya and Bangladesh lagged somewhat behind, together accounting for a further 21%.

Cameroon, with a CAGR of +92.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, surging by 61% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 102% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Cameroon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+52.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Clinker Imports

Imports into China

In 2022, supplies from abroad of cement clinker decreased by -69.8% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,304% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports shrank remarkably to $X in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2017 when imports increased by 2,237% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons) and South Korea (X tons) were the main suppliers of cement clinker imports to China.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +159.1%).

In value terms, Japan ($X) and South Korea ($X) appeared to be the largest cement clinker suppliers to China.

Among the main suppliers, South Korea, with a CAGR of +185.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average cement clinker import price stood at $X per ton in 2022, picking up by 56% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement clinker import price increased by +83.6% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 87%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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