South Africa: Cement Market 2024

Cement Market Size in South Africa

The South African cement market shrank slightly to $X in 2022, which is down by -2.1% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. 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 Production in South Africa

In value terms, cement production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Cement production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from South Africa

In 2022, the amount of cement exported from South Africa fell rapidly to X tons, dropping by -20.4% against the previous year. The total export volume increased at an average annual rate of +1.2% 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 2013 when exports increased by 36% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cement exports dropped dramatically to $X in 2022. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons) was the main destination for cement exports from South Africa, accounting for a 71% share of total exports. Moreover, cement exports to Botswana exceeded the volume sent to the second major destination, Swaziland (X tons), fivefold. The third position in this ranking was held by Lesotho (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Botswana totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+1.8% per year) and Lesotho (-3.0% per year).

In value terms, Botswana ($X) remains the key foreign market for cement exports from South Africa, comprising 67% of total exports. The second position in the ranking was taken by Lesotho ($X), with a 15% share of total exports. It was followed by Swaziland, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Botswana amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (-7.2% per year) and Swaziland (-6.0% per year).

Export Prices by Country

In 2022, the average cement export price amounted to $X per ton, declining by -6.4% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+22.1%), while the prices for the other major destinations experienced a decline.

Cement Imports

Imports into South Africa

In 2022, imports of cement into South Africa declined notably to X tons, which is down by -35.4% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cement imports fell to $X in 2022. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 59%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) was the main supplier of cement to South Africa, accounting for a 91% share of total imports. Moreover, cement imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Namibia (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled +87.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.6% per year) and Namibia (+31.5% per year).

In value terms, Vietnam ($X) constituted the largest supplier of cement to South Africa, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 9.8% share of total imports. It was followed by Namibia, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam amounted to +95.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and Namibia (+25.7% per year).

Import Prices by Country

In 2022, the average cement import price amounted to $X per ton, rising by 46% against the previous year. Overall, the import price, however, recorded a mild descent. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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