Northern America: Cement Clinker Market 2024

Cement Clinker Market Size in Northern America

The North American cement clinker market amounted to $X in 2022, increasing by 1.6% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cement Clinker Production in Northern America

In value terms, cement clinker production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 21%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cement Clinker Exports

Exports in Northern America

In 2022, overseas shipments of cement clinker decreased by -6.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement clinker exports declined modestly to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +9.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 63%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada dominates exports structure, accounting for X tons, which was near 94% of total exports in 2022. It was distantly followed by the United States (X tons), constituting a 5.8% share of total exports.

Exports from Canada decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, the United States (+8.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +8.5% from 2012-2022. The United States (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3.4% from 2012 to 2022, respectively.

In value terms, Canada ($X) remains the largest cement clinker supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Canada amounted to +3.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 3.2% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.7%).

Cement Clinker Imports

Imports in Northern America

In 2022, purchases abroad of cement clinker decreased by -29.1% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 74%. Over the period under review, imports reached the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, cement clinker imports declined to $X in 2022. Overall, imports, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, finishing at X tons, which was approx. 91% of total imports in 2022. It was distantly followed by Canada (X tons), achieving an 8.5% share of total imports.

Imports into the United States increased at an average annual rate of +4.7% from 2012 to 2022. At the same time, Canada (+15.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +15.8% from 2012-2022. From 2012 to 2022, the share of Canada increased by +5.2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported cement clinker in Northern America, comprising 93% of total imports. The second position in the ranking was taken by Canada ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +3.1%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 24% against the previous year. In general, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 106% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Source: IndexBox Platform

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