Cement Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Cement Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23212
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Cement Prices December 2023

Product
Category Region Price
Cement Chemicals USA 102 USD/MT
Cement Chemicals China 149 USD/MT
Cement Chemicals Germany 50 USD/MT


The price of cement in the United States for Q4 2023 reached 102 USD/MT in December. The market in the United States saw a slight increase in prices during the last quarter due to renewed consumer interest in this sector.

The price trend for cement in China witnessed a sharp decline in the last quarter of 2023. This is because of the reduced cost of raw materials and low demand from the manufacturing sector. The market price reached 149 USD/MT in December.

In Germany, cement prices encountered a fall, touching 50 USD/MT in December. This is due to reduced feedstock rates, low demand from end-use industries, and increased levels of inventories.

Cement Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Cement Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cement pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of cement at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cement price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing cement price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Cement Price Trend

Cement Market Analysis

The global cement market size reached US$ 391.104 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 562.47 Billion, at a projected CAGR of 4.12% during 2023-2032.

  • The rapid population growth and urbanization across the globe are some of the primary drivers boosting the market growth. As the world's population expands, leading to the need for infrastructure and housing, the demand for cement also rises. According to the United Nations, the world's population is expected to grow by approximately 2 billion over the next 30 years, creating the need for increased infrastructure development. This expanding population has led to the heightened need for infrastructure and housing, which extensively use cement for various construction projects. Furthermore, the United Nation has predicted that global urban population will increase to two-third by 2050. This rising trend has been motivating the development of new cities, roads, bridges, and other infrastructure projects, which increases the market expansion.
  • Governments across the globe are also acknowledging the value of infrastructure development for economic growth and social well-being. They are allocating considerable resources to create and improve transportation networks, which includes highways, roads, trains, and airports. For example, the US Department of Transportation in 2022 revealed that public and private investment in transportation infrastructure and equipment reached $403.9 billion, accounting for 7.4 percent of the overall investment of $5,476.1 billion. Moreover, there have been major investment in these activities in other regions, which is creating the need for vast volumes of cement to build long-lasting and dependable infrastructure. Furthermore, the introduction of various regulations that encourage the use of ecologically friendly cement, consequently increasing the growth rate of green cement industry to 10.7% between 2024 and 2032, is propelling the market growth.
  • Economic growth of a country is also closely linked to the demand for cement. There is a surge in investment in construction and infrastructure projects in developing countries like India. This is due to rising GDP and industrialization as it spurs the construction of new factories, commercial spaces, and residential buildings. For example, China's investment in fixed assets grew by 4.9% in 2021 from 2.9% growth in 2020. Also, its industrial investment reached 11.4%, which is a drastic acceleration from 0.1% growth in 2020. Aside from that, in the budget of 2023 and 2024, India's capital investment outlay for infrastructure increased by 33% to Rs.10 lakh crore, which sums up to 3.3% of GDP and almost three times the outlay in 2019-20. This rise in investment has also boosted the need for cement in these regions.
  • The real estate market is expanding rapidly which is another key driver for this product’s market growth. As economies grow and wages rise, so does the demand for houses, commercial properties, and other real estate assets. According to the IMARC analysis, the real estate industry is predicted to touch $8,654 billion by 2032. It is growing at a rate of 1.9% from 2024 to 2032, which is leading to a hike in building activity. Residential, commercial, and industrial buildings are among the many areas of the real estate industry that require cement for foundations, walls, floors, and other structural parts.

Cement News

The report covers the latest developments, updates, and trends impacting the global cement market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cement production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cement price trend.

Latest developments in the cement industry:

  • In May 2023, Heidelberg Materials announced the launch of state-of-the-art cement facility at Mitchell, Indiana, U.S., by investing US$ 600 million. This facility will be the second-largest cement plant in North America with a capacity of 2.4 million tonnes of cement a year, and one of the most technologically advanced and sustainable ever built. 
  • In April 2024, Holcim signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with $22 million of net sales in 2023 and a strong presence in fast-growing Latin American markets. Tensolite is planning to expand Holcim’s Solutions & Products portfolio and strengthen its geographical footprint with several of its plants and a distribution network across Argentina, Paraguay, and Uruguay.

Product Description

Cement is a binding substance that is used in construction. It is made from limestone and clay. When mixed with water, it forms a paste that hardens over time, adhering to other materials to form a solid mass. It is available in various types, including ordinary Portland cement (OPC), Portland pozzolana cement (PPC), rapid hardening cement, and white cement, each designed for specific applications and environmental conditions. The product offers key properties, such as its compressive strength, setting time, fineness, and durability. It is used in applications like building foundations, bridges, pavements, tunnels, dams, water tanks, masonry work, roads, precast concrete products, and marine structures.

Cement enhances the structural integrity of buildings, offers versatility in construction, provides durability, has a predictable performance, allows for modular construction, and supports large-scale infrastructure projects. Additionally, it is lauded for its availability, cost-effectiveness, ease of use, strong bonding capabilities, and adaptability to various climates.

Regional Coverage

The report provides a detailed analysis of the cement market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cement price trend.

Global Cement Price

The report offers a holistic view of the global cement pricing trends in the form of cement price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of cement but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cement demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cement Price

European cement prices encountered a decline due to low demand from end-use sectors, high levels of inventories, and low cost of feedstock materials. Additionally, increasing interest rates, inflation, and the Israel-Hamas conflict supported the downward movement in prices.

This analysis can be extended to include detailed cement price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.


North America Cement Price

The cement prices in North America witnessed a declining trend as due to low trading activities and export rates. Also, the decreased crude oil prices, production costs, and natural gas prices supported the dip in rates. However, renewed consumer interest in cement towards the end of December led to a slight hike in rates.

Specific cement historical data within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada


Middle East and Africa Cement Price

The report explores the cement pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on cement prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.


Asia Pacific Cement Price

The cement pricing trends in Asia Pacific encountered a bearish trend. The market saw a dip in product rates due to reduced costs of raw materials and inefficiencies in the manufacturing industry.

This cement price analysis can be expanded to include a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.


Latin America Cement Price

The analysis of cement prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.


Report Coverage

Key Attributes Details
Product Name Cement
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Cement Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
 
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 


Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of cement pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting cement price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cement price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Cement Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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