Europe: Cement Clinker Market 2024

Cement Clinker Market Size in Europe

In 2022, the Europe cement clinker market increased by 0.3% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 6.2%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cement Clinker Production in Europe

In value terms, cement clinker production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 5.6%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cement Clinker Exports

Exports in Europe

In 2022, approx. X tons of cement clinker were exported in Europe; dropping by -32.5% against 2021 figures. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cement clinker exports dropped to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. 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 represented the key exporter of cement clinker in Europe, with the volume of exports reaching X tons, which was near 38% of total exports in 2022. It was distantly followed by Belgium (X tons), Sweden (X tons) and Slovenia (X tons), together achieving a 33% share of total exports. The following exporters - Bulgaria (X tons), France (X tons), Ukraine (X tons), Germany (X tons), Portugal (X tons), Ireland (X tons) and Bosnia and Herzegovina (X tons) - together made up 23% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +257.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and France ($X) were the countries with the highest levels of exports in 2022, together accounting for 63% of total exports. Sweden, Germany, Slovenia, Ireland, Bulgaria, Ukraine, Portugal and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 26%.

Bosnia and Herzegovina, with a CAGR of +215.9%, recorded the highest growth rate of the value of exports, in terms of 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 Europe amounted to $X per ton, surging by 41% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price 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, cement clinker export price increased by +71.7% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Portugal ($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 Europe

In 2022, the amount of cement clinker imported in Europe reached X tons, with an increase of 13% against the previous year's figure. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +134.5% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, cement clinker imports skyrocketed to $X in 2022. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons) and Belgium (X tons) represented roughly 40% of total imports in 2022. It was distantly followed by Italy (X tons), Spain (X tons), the Netherlands (X tons), the UK (X tons) and Romania (X tons), together comprising a 39% share of total imports. The following importers - Denmark (X tons), Estonia (X tons), Albania (X tons), Poland (X tons), Greece (X tons) and Slovakia (X tons) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Estonia (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cement clinker importing markets in Europe were France ($X), Belgium ($X) and the Netherlands ($X), together comprising 50% of total imports. Italy, the UK, Spain, Romania, Denmark, Estonia, Slovakia, Greece, Poland and Albania lagged somewhat behind, together accounting for a further 42%.

Estonia, with a CAGR of +46.6%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Europe amounted to $X per ton, surging by 7.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 13%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Albania ($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