EU: Cement Market 2024

Cement Market Size in the EU

In 2022, the EU cement market increased by 13% to $X, rising for the seventh year in a row after three years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cement Production in the EU

In value terms, cement production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Cement Exports

Exports in the EU

In 2022, cement exports in the European Union reduced to X tons, falling by -5.5% compared with 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cement exports rose slightly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Germany (X tons), followed by Spain (X tons), Greece (X tons), Belgium (X tons), Slovakia (X tons), Italy (X tons), Ireland (X tons), Croatia (X tons) and Portugal (X tons) represented the key exporters of cement, together committing 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Croatia (with a CAGR of +5.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, with a combined 41% share of total exports. Greece, Slovakia, Croatia, Italy, Ireland and Portugal lagged somewhat behind, together comprising a further 36%.

In terms of the main exporting countries, Greece, with a CAGR of +5.6%, saw the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per ton, with an increase of 10% against the previous year. Overall, the export price saw a relatively flat trend pattern. 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 Croatia ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the other leaders experienced more modest paces of growth.

Cement Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of cement, when their volume decreased by -5.7% to X tons. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 12%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, cement imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of cement imports in 2022 were France (X tons), the Netherlands (X tons), Italy (X tons), Hungary (X tons), Poland (X tons), Austria (X tons), Germany (X tons), Romania (X tons), Belgium (X tons), the Czech Republic (X tons), Portugal (X tons) and Spain (X tons), together resulting at 79% of total import. Sweden (X tons) held 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 Romania (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cement importing markets in the European Union were the Netherlands ($X), France ($X) and Italy ($X), with a combined 44% share of total imports. Germany, Hungary, Austria, Poland, Belgium, Sweden, the Czech Republic, Spain, Romania and Portugal lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Romania, with a CAGR of +11.4%, 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 more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :