Cement News tagged under: forecast
What a year that was...03 January 2023, Published under Cement NewsGlobal cement consumption declined by more than five per cent in 2022 – a level not seen since the 1970s. As a new year starts, BNP Paribas Exane provides a first look at what can be expected in the global cement sector in 2023. While some challenges remain, it appears that some headwinds are at least subsiding. By Paul Roger, BNP Paribas Exane. Figure 1: EBITDA scenario, 2022E Last year was quite a rollercoaster. Global cement consumption fell by 230Mt or over five per cent – d... |
GDP recovery fuelling Indian cement demand17 June 2022, Published under Cement NewsCement demand in India is expected to rise by mid-to-high single digits in the medium term, according to Fitch Ratings. This follows an estimated mid-teen rebound in FY22, compared to FY21 which saw a mid-single digit decline due to the pandemic. An 8.7 per cent recovery in the economy in FY22 is forecast to underpin growth across various construction sectors with cement demand in the infrastructure and affordable housing markets expected to see low double-digit growth on the back of high... |
Peruvian cement sales expected to show lower growth in 202231 May 2022, Published under Cement NewsWhile 2021 was a positive year for Peru’s cement industry as in increase in demand. "Before the pandemic, there was a notable growth in the construction category (cement, building materials and paints). However, with the arrival of the health crisis, drops of up to 50 per cent were recorded as early as April [2020]. The momentum returned months later, in September, due to the development of the sector and the improvement of homes," said Guadalupe Rosazza, business consultant for the constr... |
Brazil's SNIC urges short-term caution with sunnier outlook from 202218 May 2021, Published under Cement NewsCommenting on the latest consumption data of the Brazilian cement market, the country’s cement association, SNIC cautioned against too much optimism for 2021: “The cuts in the federal government budget, mainly in activities such as infrastructure and housing programmes such as Casa Verde Amarela, macroeconomic instability, exchange rate devaluation, inflation, rising unemployment, the slow pace of vaccination and the loss of the wage bill come reducing optimism and further increasing the unc... |
Ecebol plant to produce 0.573Mt of cement in 202128 April 2021, Published under Cement NewsState-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement. |
PCA releases Spring Forecast for US demand12 April 2021, Published under Cement NewsUSA-based Portland Cement Association (PCA) has recently presented its annual Spring Cement Consumption Forecast, predicting an increase in cement consumption for 2021 and 2022 in the country. "Remarkably, US cement consumption recorded two per cent growth during 2020. It is remarkable because COVID-19 exerted a terrible toll on the economy. Consumers bunkered down; states enacted rigid lockdowns. Real GDP declined to a rate not matched since 1946 as the economy transitioned from war time... |
Indocement targets 4% sales growth19 January 2021, Published under Cement NewsHeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets expected sales in 2021 at 17.16Mt. However, the growth target remains below the 18.1Mt sales of 2018 ... |
PCA: US cement demand to see modest decline in 2020-2116 October 2020, Published under Cement NewsThe US Portland Cement Association (PCA) forecasts a modest decrease in cement consumption in 2020 and 2021 of 1.5 and 0.9 per cent, respectively. Its annual Fall Forecast discusses three economic scenarios, all based on a significant increase in COVID-19 infections during the 4Q20. The "U" shaped scenario would entail an increase in COVID-19 consistent with many baseline epidemiologist's projections. In this scenario, the economy achieves a gradual sustained recovery. 2021 cement consumpti... |
Germany's VDZ extends cautious outlook02 September 2020, Published under Cement NewsSpeaking about the development of the German cement market, Christian Knell, president of Germany's cement association VDZ, says "It has rarely been so difficult to make a forecast as it is this year.” Since March 2020 the coronavirus pandemic has created a great deal of uncertainty amongst most people and companies in this country. So far the cement manufacturers have had no grounds for complaint, not least because favourable weather conditions helped the cement market to get off to a goo... |
PCA forecasts moderate cement consumption and GDP growth to 202123 October 2019, Published under Cement NewsThe US Portland Cement Association (PCA) has published its annual Fall Forecast in which it predicts moderate growth for cement demand through 2019 and into 2020. PCA Market Intelligence expects cement consumption will expand by 2.4 per cent in 2019, followed by a 1.7 and 1.4 per cent in 2020 and 2021, respectively. "Public construction continues to receive the benefit of the 2018 federal budget that allowed for $20 billion in spending on roads, bridges, water, and rail projects over 2018 a... |