Production Growth Remains Tangible on the Cement Market in the Philippines

Cement, Lime And Plaster July 05, 2018
Philippines - Cement - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "Philippines: Cement - Market Report. Analysis And Forecast To •••". Here is a summary of the report’s key findings.

The Cement Market Continues to Expand at a Robust Pace

The cement market in the Philippines totaled approx. ••• tonnes in 2017, increasing steadily from 2007 to 2017. Rapid construction growth, particularly in the infrastructure sector, against robust economic development in the Philippines, appears as the key impetus for market expansion. In value terms, the market in the Philippines earned total revenues of approx. $••• in 2017 (IndexBox estimates), with a trend pattern echoing that of the market volume. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The Cement Market Is Expected to Retain Its Robust Pace of Growth

As cement is largely consumed by the construction industry (the construction of various buildings and structures), the trend pattern prevailing in the construction sector and the economy overall are set to remain the key factors with regard to market development. 

Macroeconomic factors in the Philippines remain generally positive in terms of the cement market. The Philippine economy is projected to maintain its current steady growth; this will promote increased investment and consumer demand. In addition, in line with government programmes that have been introduced, state investment into the construction of new transport and industrial infrastructure facilities is forecast to increase, thereby driving the construction sector in the medium term. Therefore, the cement market is expected to retain its robust upward trend pattern in the immediate term. Market performance is forecast to grow with an anticipated CAGR of +•••% for the period from 2017 to •••, which is expected to lead the market volume to ••• tonnes by •••.

Growth in Terms of Cement Production in the Philippines Remains Tangible

Cement output in the Philippines increased to ••• tonnes in 2017, an increase of •••% against the previous year. Cement production has been steadily increasing over the past decade, against a robust surge in demand. In the medium term, positive rates of growth are forecast to remain the trend: many manufacturers are planning to expand their production capacity, as government initiatives, in terms of infrastructure construction projects, intensify. 

Despite Soaring Imports, the Market Remains Buoyed by Domestic Supply

Remaining fairly negligible from 2007-2015, the share of product imports in terms of total consumption soared to •••% in 2016 and then stabilized, against increasing supplies of cheaper cement from Vietnam and China. The Philippine market now constitutes an attractive prospect for foreign suppliers, due to increased demand in the country, buoyed by a surge in construction sector growth. However, further product imports growth is restricted by the current lack of capacity to transship cement in ports; in addition, the authorities also plan to strengthen product quality control, in a bid to counter cheap imports. Therefore, domestic cement products are projected to continue their dominance of the market, although product imports appear likely to increase. 

Cement Exports from the Philippines Remain Negligible

Exports of cement from the Philippines amounted to approx. ••• K tonnes in 2007 and ••• K tonnes in 2008. In comparison, in 2017, approx. ••• K tonnes of cement were exported. The trend remains identical with regard to both value and quantity. In 2017, Micronesia was almost the only consumer of cement from Philippines.

Cement Imports Continue to Surge

The volume of total cement imports to the Philippines totalled ••• units in 2017, which equated to $••• in value terms. The volume of imports fluctuated from 2007 to 2013, but then imports started to increase rapidly. This growth appeared insignificant in 2014, but over the period from 2015 to 2017, product imports growth surged by over ••• tonnes. Construction industry growth, which led to higher cement demand, can be cited as the reason for this. In value terms, the trend pattern echoed that of the volume of imports.

Vietnam (••• tonnes), China (••• tonnes) and Thailand (••• tonnes) remain the key suppliers of cement to the Philippines, together accounting for •••% of total imports in 2016. 

From 2014 to 2017, Vietnam (+•••% per year) and China (+•••% per year) recorded the highest rates of growth in terms of import supplies, while Malaysia (-•••% per year) experienced a negative dynamic with regard to the volume of supplies. Consequently, the share of Vietnam (+••• percentage points) and China (+••• percentage points) in terms of total imports, noticeably increased from 2007-2017. 

Do you want to know more about the cement market in the Philippines? 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 import
  • cement export
  • cement market forecast
  • cement price forecast

Source: Philippines: Cement - Market Report. Analysis And Forecast To •••

Product coverage: portland cement, aluminous cement, slag cement and similar hydraulic cements, except in the form of clinkers.

This report provides an in-depth analysis of the cement market in the Philippines. 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.

Country coverage: the Philippines.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Trade (exports and imports) in the Philippines;
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 MARKET STRUCTURE
3.3 TRADE BALANCE
3.4 PER CAPITA CONSUMPTION
3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE

8. IMPORTS
The Largest Import Supplying Countries
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
The Largest Destinations for Exports
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION


LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Value Terms, By Country, 2007–2017
Table 7: Import Prices, By Country Of Origin, 2007–2017
Table 8: Exports, In Physical Terms, By Country, 2007–2017
Table 9: Exports, In Value Terms, By Country, 2007–2017
Table 10: Export Prices, By Country Of Destination, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Exports And Growth
Figure 15: Export Prices And Growth
Figure 16: Market Size And Growth
Figure 17: Per Capita Consumption
Figure 18: Imports And Growth
Figure 19: Import Prices
Figure 20: Production, In Physical Terms, 2007–2017
Figure 21: Production, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, 2007–2017
Figure 23: Imports, In Value Terms, 2007–2017
Figure 24: Imports, In Physical Terms, By Country, 2017
Figure 25: Imports, In Physical Terms, By Country, 2007–2017
Figure 26: Imports, In Value Terms, By Country, 2007–2017
Figure 27: Import Prices, By Country Of Origin, 2007–2017
Figure 28: Exports, In Physical Terms, 2007–2017
Figure 29: Exports, In Value Terms, 2007–2017
Figure 30: Exports, In Physical Terms, By Country, 2017
Figure 31: Exports, In Physical Terms, By Country, 2007–2017
Figure 32: Exports, In Value Terms, By Country, 2007–2017
Figure 33: Export Prices, By Country Of Destination, 2007–2017