U.S. Cement Market. Analysis And Forecast to 2025
Cement Market - U.S. Cement Imports Accelerated Rapidly, Remaining Far Below Their Pre-Crisis Peaks
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The U.S. ranks first in imports on the cement market, accounting for a 6% share (based on USD). It was followed by Algeria (5%), Sri Lanka (4%), and France (4%). In 2015, U.S. cement imports totaled 940 million USD, which was 210 million USD (29%) higher than the year before.
From 2007 to 2015, U.S. cement imports showed mixed dynamics. A sharp fall in 2008 was followed by another 39% plunge over the next year. Imports continued to decline slightly over 2010-2011. From 2012 to 2015, they turned upwards, with a rapid acceleration by the end of the period. Despite a considerable increase over the last few years, imports failed to approach the peak level of 2007.
Despite imports remaining far below their pre-crisis peak, the U.S. continues to be one of the biggest markets for global exporters.
Canada was the main supplier of cement into the U.S., with a 39% share of total U.S. imports in 2015, based on USD. It was distantly followed by China (12%) and Greece (11%). Greece was the fastest growing supplier (+8.8% per year) from 2007 to 2015, while the import from Canada remained relatively stable. China's import declined by -14.8% per year. From 2007 to 2015, Canada and Greece strengthened their positions in the U.S. import structure by +16 percentage points and +8 percentage points, respectively, while China lost -10 percentage points over the same period.
From 2007 to 2015, the U.S. was a net importer of cement. However, on average, exports showed growth over the period under review, while imports declined. Net U.S. imports of cement accelerated last year, after a five-year period of remaining relatively stable. In 2015, this industry ran a significant trade deficit of 691 million USD.
Do you want to know more about the U.S. cement market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cement market share
- cement prices
- cement industry
- cement sales
- cement market forecast
- cement price forecast
- key cement producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the cement market in the USA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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