EU: Cement Clinker Market 2024

Cement Clinker Market Size in the EU

In 2022, the EU cement clinker market increased by 1.8% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 7.7% against the previous year. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Cement Clinker Production in the EU

In value terms, cement clinker production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.9% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cement Clinker Exports

Exports in the EU

For the fifth consecutive year, the European Union recorded decline in shipments abroad of cement clinker, which decreased by -34.8% to X tons in 2022. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 26%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cement clinker exports fell to $X in 2022. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 22%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain was the largest exporter of cement clinker in the European Union, with the volume of exports finishing at X tons, which was approx. 41% of total exports in 2022. Belgium (X tons) ranks second in terms of the total exports with a 24% share, followed by Sweden (6.5%), Slovenia (5.4%) and Bulgaria (4.6%). The following exporters - France (X tons) and Germany (X tons) - each accounted for a 7.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +2.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cement clinker supplying countries in the European Union were Spain ($X), Belgium ($X) and France ($X), with a combined 68% share of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, 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 the European Union stood at $X per ton in 2022, increasing by 44% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement clinker export price increased by +72.2% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%), while the other leaders experienced more modest paces of growth.

Cement Clinker Imports

Imports in the EU

In 2022, overseas purchases of cement clinker increased by 13% to X tons, rising for the sixth year in a row after three years of decline. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, cement clinker imports soared to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, France (X tons) and Belgium (X tons) represented the main importers of cement clinker in the European Union, together finishing at near 45% of total imports. Italy (X tons) ranks next in terms of the total imports with a 13% share, followed by Spain (10%), the Netherlands (8.9%) and Romania (5.5%). Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 56% share of total imports. Italy, Spain, Romania and Denmark lagged somewhat behind, together accounting for a further 28%.

Denmark, with a CAGR of +26.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by 8.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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