United Kingdom: Cement Market 2024

Cement Market Size in the UK

The UK cement market dropped modestly to $X in 2022, flattening at 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 somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Cement Production in the UK

In value terms, cement production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 24%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Cement Exports

Exports from the UK

Cement exports from the UK reduced dramatically to X tons in 2022, which is down by -22.5% on 2021. In general, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 135%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cement exports fell rapidly to $X in 2022. Overall, exports saw a slight setback. The pace of growth was the most pronounced in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for cement exports from the UK, accounting for a 15% share of total exports. Moreover, cement exports to Ireland exceeded the volume sent to the second major destination, Germany (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.0% per year) and Sweden (+4.8% per year).

In value terms, Germany ($X), Ireland ($X) and the United States ($X) constituted the largest markets for cement exported from the UK worldwide, together comprising 29% of total exports. France, Sweden, South Africa, Australia, Turkey and Finland lagged somewhat behind, together comprising a further 29%.

Australia, with a CAGR of +43.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cement export price stood at $X per ton in 2022, with an increase of 6.3% against the previous year. In general, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($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 Russia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into the UK

In 2022, overseas purchases of cement increased by 5.6% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 230%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cement imports dropped notably to $X in 2022. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 135%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

Ireland (X tons), Algeria (X tons) and Spain (X tons) were the main suppliers of cement imports to the UK, together accounting for 79% of total imports. France, Portugal, Croatia, Finland, Germany and China lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +166.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cement suppliers to the UK were Ireland ($X), France ($X) and Algeria ($X), together comprising 60% of total imports. Spain, Croatia, Portugal, Finland, Germany and China lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Finland, with a CAGR of +154.6%, recorded 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 average cement import price stood at $X per ton in 2022, dropping by -25.3% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 54% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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