Cement News tagged under: Trade
Kyrgyzstan lawmaker urges government to lift ban on Uzbek imports27 September 2024, Published under Cement NewsA Kyrgyz lawmaker has called for the removal of the country’s ban on importing cement from Uzbekistan, highlighting the potential benefits for consumers and the local construction industry. Speaking at the parliamentary fuel and energy complex committee on September 24, MP Alisher Kozuyev argued that the ban is fostering local monopolies and driving up cement prices domestically. He noted that, prior to the ban, Uzbek cement was priced between KGS0.60-1 (US$0.01) cheaper per unit compared t... |
Vietnam looks to 2025 recovery17 September 2024, Published under Cement NewsVietnam’s cement demand has continued to fall in 2024 and a recovery is not expected until 2025. While domestic cement sales are forecast to recover only gradually, cement producers can look forward to a faster pick-up in export sales. By Anh Nguyen, FiinGroup, Vietnam While 2024 is expected to remain challenging for Vietnam’s cement producers, next year is anticipated to bring greater rewards (© Tieu Bao Truong) Despite an improved disbursement rate on public investment a... |
Vietnam halts production amid oversupply crisis and looks to 2026 recovery13 September 2024, Published under Cement NewsVietnam's cement industry is currently facing severe challenges, with the Ministry of Construction reporting sharp declines in production and sales throughout 2023 and into the first eight months of 2024. In 2023 cement production fell to 76.93Mt against a capacity of 143.46Mta in 2022, resulting in the shutdown of 42 out of 92 production lines for up to six months, with some ceasing operations altogether. The situation is expected to worsen in 2024, with production forecast to drop furth... |
Domestic cement sales in Brazil increased 4% in 202410 September 2024, Published under Cement NewsDomestic cement sales in Brazil increased by 3.5 per cent YoY to 6.175Mt in August 2024 from 5.968Mt in August 2023, reports the country's cement association, SNIC. Sales volumes benefitted from a 5.6 per cent YoY rise in daily dispatches, reaching 252,000tpd in August 2024. Brazil is facing its worst drought in history, leading to the announcement of a red flag energy bill that could impact production costs and logistics, particularly in the North region. Additionally, labour shor... |
Egypt’s cement consumption expected to fall to 45Mt in 202409 September 2024, Published under Cement NewsCement consumption in Egypt is expected to decline to 45Mt this year, compared to 47Mt in 2023, according to Ahmed Shireen, head of the Federation of Egyptian Industries' (FEI) cement division. In relation to this, multiple local contracting firms have temporarily suspended projects over the last two weeks. This suspension comes as a result of a decline in cement supply to their respective sites, according to official representatives from the firms. The officials attributed the cement sho... |
Challenging times for Iran02 September 2024, Published under Cement NewsThe cement industry in Iran is one of the largest in the world, but in recent times has faced challenges due to overcapacity, contracting domestic demand, upheaval in some of its export markets, as well as electricity and gas outages. By Bahman Massoumi Nejad , Mansour Arbab Afzali and Sara Enferadi , Asia West Cement Complex, Iran, and Bita Lak , Iran Cement Association, Iran While some cement plant projects have been put on hold, others continue to progress, adding to the cu... |
USA imports back on top30 August 2024, Published under Cement NewsWhile cement and clinker imports into the USA saw robust growth in 2021-22, last year import growth was largely absent. Nevertheless, the country regained its position as the world’s top cement and clinker importer. by Rob Roy, ROI Economic Consulting , USA Figure 1: US cement and clinker imports by type, 2000-23 (© US Census Bureau) T he USA has imported more cement per year than all other advanced economies for decades and is often the largest cement importer in the wor... |
Rising imports pressurise Russian cement producers12 July 2024, Published under Cement NewsCement imports to Russia are steadily growing. Belarus and Iran have been increasing supplies and local cement producers have seen their market shares fall and come under pressure. The situation for Russian cement manufacturers is expected to become more acute as cement consumption is likely to decline in 2024, forcing some to increase exports. According to a report by Daria Martynkina, executive director of Russia's cement association, Soyuzcement, cement imports rose to 3.4Mt in 2023, u... |
Vietnam cement exports drop 10.8% in 1H2402 July 2024, Published under Cement NewsBetween 2019 and 2022, the average export value of cement and clinker ranged from US$1bn to US$1.3bn annually. However, in 2023, export earnings sharply declined due to falling prices. The average Free On Board (FOB) price of clinker fell to US$31-32/t in May 2024, a notable decrease from US$46-48/t in 2022. The country’s Ministry of Construction (MoC) cited an increase in the tax on clinker exports, from five to 10 per cent as of 1 January 2023, as a key factor making Vietnamese clinker... |
Pakistan's cement export trend continues to excel in 10MFY23-2421 May 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 35.9 per cent in the 10MFY23-24 (July 2023-April 2024) to US$204.54m (5.301Mt), compared to US$150.48m (3.24Mt) in the 10MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 593 per cent to PKR58.21bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 63.5 per cent YoY in the same period.... |