Southern Asia: Cement Market 2024

Cement Market Size in Southern Asia

The South Asian cement market reached $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Cement Production in Southern Asia

In value terms, cement production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Cement Exports

Exports in Southern Asia

After six years of decline, shipments abroad of cement increased by X% to X tons in 2023. In general, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, cement exports rose rapidly to $X in 2023. Over the period under review, exports, however, faced a deep contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by India (X tons) and Bhutan (X tons), together constituting a X% share of total exports. Bangladesh (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cement exports from Pakistan stood at X%. Bhutan (X%), Bangladesh (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bhutan, India and Bangladesh increased by X, X and X percentage points, respectively.

In value terms, Pakistan ($X) remains the largest cement supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Bhutan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Pakistan amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Bhutan (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a mild contraction. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Cement Imports

Imports in Southern Asia

In 2023, overseas purchases of cement increased by X% to X tons for the first time since 2017, thus ending a five-year declining trend. In general, imports, however, recorded a pronounced shrinkage. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, cement imports skyrocketed to $X in 2023. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan (X tons) and Sri Lanka (X tons) represented the main importers of cement in 2023, recording approx. X% and X% of total imports, respectively. India (X tons) ranks next in terms of the total imports with a X% share, followed by Maldives (X%).

From 2012 to 2023, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cement importing markets in Southern Asia were Afghanistan ($X), Sri Lanka ($X) and India ($X), together accounting for X% of total imports. These countries were followed by Maldives, which accounted for a further X%.

Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform