CIS: Cement Market 2024

Cement Market Size in CIS

The CIS cement market reached $X in 2022, with an increase of 1.6% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cement Production in CIS

In value terms, cement production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 11%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cement Exports

Exports in CIS

In 2022, after five years of growth, there was decline in shipments abroad of cement, when their volume decreased by -2.3% to X tons. In general, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 76%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank slightly in the following year.

In value terms, cement exports stood at $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by 85%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus represented the key exporting country with an export of around X tons, which reached 35% of total exports. It was distantly followed by Russia (X tons), Tajikistan (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons), together constituting a 62% share of total exports. Uzbekistan (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cement supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), with a combined 74% share of total exports. Tajikistan, Kyrgyzstan and Uzbekistan lagged somewhat behind, together accounting for a further 25%.

Uzbekistan, with a CAGR of +44.3%, recorded the highest growth rate of 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

In 2022, the export price in the CIS amounted to $X per ton, with an increase of 4.4% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2018 an increase of 5.6% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Russia ($X per ton) and Uzbekistan ($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 CIS

In 2022, purchases abroad of cement increased by 7.5% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 when imports increased by 65%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cement imports fell to $X in 2022. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 75%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Uzbekistan (X tons) and Russia (X tons) represented roughly 70% of total imports in 2022. Kazakhstan (X tons) ranks next in terms of the total imports with a 16% share, followed by Belarus (6.7%). Kyrgyzstan (X tons) and Moldova (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +34.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Russia ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2022, together accounting for 82% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by -19.2% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by 19%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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