Cement Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

Cement Price Forecast

The cement industry is projected to perform moderately in global markets over the coming months. The outlook presents a complex landscape, with stagnant demand projected globally but regional variations. Markets in the Middle East, India, and Africa are bright spots driven by growing infrastructure investments, while Turkey, China, and Europe are anticipated to be weak. However, Europe and the USA show promise with surging profit margins driven by higher cement prices due to rising production costs and CO2 expenses.

Market Dynamics

The Indian cement market steadily picked up in the first quarter of 2024, showcasing a substantial demand increase after a slow start in January, with further growth projected in the coming months. However, selling prices fluctuated within a narrow range due to competition among top companies vying for market share. The astounding downstream demand provides ample capacity for growth, but with ambitious expansion plans, the top companies sustain their market share and consolidate the market. The EU's proposed carbon border adjustment mechanism aims to levy charges on carbon-intensive imports like steel and cement entering Europe, sparking criticism from several developing nations. India's infrastructure output increased by 5.2% year-on-year in March.

Annual Outlook for Cement Industry

In 2024, Saudi Arabia's cement industry is set to solidify its global market position by embracing circular economy principles and digital innovation, with advanced technologies in most plants driving digital maturity and de-carbonization over the next two to five years. Despite challenges like rising sea freight costs, geopolitical tensions, and increased energy prices, Saudi cement plants maintain production costs around 15% below the global average due to operational efficiencies and advanced technologies. However, reduced government investment is expected to slow large-scale projects, impacting domestic demand. In Q1 2024, domestic sales and exports took a slight dip, but Saudi Arabia remains the region's largest cement producer, with major firms like Al Yamama Cement leading the market. The industry's competitive pricing, supported by carbon border taxes, suggests the potential for increased exports, with a strong focus on sustainability and green product production likely driving the sector's evolution.

In January-March, Indian cement producers saw increased margins due to lower petroleum coke and thermal coal prices, resulting in increased profits for all major cement companies. While cement prices fell in key markets, demand is expected to grow faster than capacity additions at an annual growth rate of 8-9% over the next few years. Looking ahead, lower-priced coke bought in early 2024 is expected to offset weak cement prices in the April-June period influenced by India's general elections, as the benefit of reduced fuel prices typically lags by up to three months.

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What Our Reports Include:

Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.

• Visualizations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed analysis of current supply and demand factors shaping the market, along with projections for how these dynamics are expected to evolve during the forecast period.

• Insights from our extensive supplier and trader network, government websites, industry bodies, and global trade data.

Latest Industry News:

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Key Macroeconomic Indicators:

• Evaluation of economic indicators such as GDP growth, inflation rates, and PMI.

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Price Outlook:

• Forecasted price trends for the next 2 years using statistical modelling and fundamental & technical analysis.

• Scenario analysis and potential price fluctuations.

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