MENA: Cement Market 2024

Cement Market Size in MENA

In 2022, the MENA's cement market decreased by -6.3% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cement Production in MENA

In value terms, cement production declined to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 10%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports in MENA

In 2022, overseas shipments of cement increased by 2.2% to X tons, rising for the fourth consecutive year after three years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 24%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cement exports soared to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.6% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 63% of total exports in 2022. The United Arab Emirates (X tons) held an 8.2% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (7%), Egypt (6.8%) and Iran (4.6%). Saudi Arabia (X tons) and Oman (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +6.5% from 2012 to 2022. At the same time, Tunisia (+13.7%), Saudi Arabia (+3.5%), Oman (+3.3%) and Iran (+1.5%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +13.7% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.3%) illustrated a downward trend over the same period. Turkey (+12 p.p.) and Tunisia (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Egypt and the United Arab Emirates saw its share reduced by -3.5% and -9.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest cement supplier in MENA, comprising 62% of total exports. The second position in the ranking was taken by Egypt ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with an 8.7% share.

In Turkey, cement exports expanded at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (+1.0% per year) and the United Arab Emirates (-3.7% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by 21% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.1%), while the other leaders experienced a decline in the export price figures.

Cement Imports

Imports in MENA

Cement imports declined modestly to X tons in 2022, flattening at 2021. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, cement imports totaled $X in 2022. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2015 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Israel (X tons), distantly followed by Libya (X tons), Palestine (X tons), Kuwait (X tons), Syrian Arab Republic (X tons), Oman (X tons), Iraq (X tons) and Yemen (X tons) were the largest importers of cement, together mixing up 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported cement in MENA, comprising 36% of total imports. The second position in the ranking was held by Palestine ($X), with a 16% share of total imports. It was followed by Libya, with an 11% share.

In Israel, cement imports increased at an average annual rate of +18.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Palestine (+0.8% per year) and Libya (-6.9% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by 5.5% against the previous year. Over the period under review, the import price, however, showed a mild reduction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform