Cement News tagged under: market report

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Prospects for the GCC industry

19 February 2024, Published under Cement News

The Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across the region, headed by construction projects in Saudi Arabia and UAE, but cement overcapacity continues to overshadow the production base. The GCC cement markets of Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain are poised for growth in 2024, lead by residential and commercial activ...

Morocco: better times ahead?

05 February 2024, Published under Cement News

Following a challenging business environment in 2022, Moroccan cement producers can look forward to better times. However, overcapacity will see producers look beyond the country’s borders as they develop export markets to sell production surpluses. Economic growth is set to resume as Morocco recovers after the COVID-19 pandemic (© ©  J.K2507) Morocco’s economic growth fell by 7.2 per cent YoY in 2020 but recovered the following year, when GDP expanded by eight per cent. In 2022...

Thailand’s low-carbon transition

22 January 2024, Published under Cement News

Thailand’s plan to accelerate state investment despite high debt levels is expected to result in favourable construction growth. Meanwhile, the country’s cement industry is in the midst of transforming itself into low-carbon production base using decarbonisation tools already available to the sector as well as exploring emerging solutions. Public investment is projected to remain a key driver, increasing over the next few years in line with the government’s infrastructure plans (© ...

Pakistan: navigating uncertainty

18 December 2023, Published under Cement News

Pakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity expansion cycle, but domestic sales have been on a downward trend, while prices have risen steeply to match coal price increases.   Pakistan has seen slowing economic growth and political uncertainty in recent years, while relief efforts following devastating floods conti...

A new era for Nigeria

05 December 2023, Published under Cement News

Nigeria’s new president signals the dawn of a new era as the west African country aims to address long-standing macroeconomic imbalances. The domestic cement sector continues to add additional capacity in view of long-term market potential, but a number of stumbling blocks need to be overcome before latent demand is realised. By Moses Waireri Njuguna, EFG Hermes, Nigeria. The inauguration of Nigeria’s new president is heralded as a new era for Nigeria as the country aims to address...

India: riding the growth wave

21 November 2023, Published under Cement News

India, the world’s second-largest cement market, has demonstrated strong resilience and recovery since the COVID-19 pandemic. The country is now on course for a higher, sustainable demand trajectory and the cement sector is adding fresh capacity as it prepares to ride this new, long-awaited growth wave. The Indian cement industry is at the start of a new chapter as all the key factors align for higher, sustainable growth prospects (© Ganeshkumar Durai) India is set to retain ...

Egypt: controlling the variables

06 November 2023, Published under Cement News

Economic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota system in 2021 that has helped companies return to profitability. However, the long-term sustainability of this strategy remains doubtful. By Abdelkhalek Mohammed, Prime Securities, Egypt. Over the past two decades Egypt’s cement industry has gone from boom to bust to recovery (© givaga) The...

Germany’s net zero ambitions

09 October 2023, Published under Cement News

After over a decade of steady growth, German construction demand has been dampened due to rising interest rates and high inflation. Despite the challenging conditions, the cement sector is focussing on CO 2 reduction, including the first steps towards carbon capture and storage as one of the major levers to achieving net zero emissions by 2045. By Martin Schneider and Dennis Behrouzi, VDZ, Germany. A net zero CO 2 manufacturing process for German cement is the industry’s goal, wi...

Foundations for the future

19 September 2023, Published under Cement News

While cement demand declined in Turkey in 2022, the country’s cement producers expect to supply the domestic market with significant volumes in 2023 as Turkey rebuilds after the devastating earthquake of early 2023. The industry itself continues to improve its carbon emissions through the use of alternative energy sources. By TÜRKÇIMENTO, Turkey As Turkey rebuilds its housing after the recent earthquakes, its cement industry builds the systems for more sustainable production (© Med...

Spain’s expectations

04 September 2023, Published under Cement News

While 2022 proved to be a year of atypical and complex developments, Spanish cement association OFICEMEN sees upside potential for the domestic cement sector in 2023. However, a snap parliamentary election with no clear majority has made for an uncertain way forward. By OFICEMEN, Spain. Although the Spanish cement industry continues to face uncertainty both in terms of domestic and export sales, it remains confident that it can address future challenges successfully (© OFICEMEN) ...