Press release
Cement Price Trend: Historical Data & Forecasts, Market Insights, Regional Analysis
Cement (OPC-53) Price Trends and Outlook - CFR IndiaThe prices of Ordinary Portland Cement (OPC-53), delivered CFR (Cost and Freight) India, have shown varied movement in the last quarter of 2023 and 2024, reflecting regional demand shifts and global economic influences. In October 2024, the price stood at USD 102 per metric ton (MT), slightly lower than the October 2023 level of USD 106/MT, marking a year-on-year (YoY) decline of 3.5%. This dip can be attributed to weakened construction activity in some regions and moderate inventory levels across key markets.
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However, prices showed resilience in the following months. In November 2024, OPC-53 cement prices edged up to USD 103/MT from USD 101/MT in November 2023, resulting in a 2.5% YoY increase. The upward trend continued into December 2024, with prices reaching USD 105/MT - a significant 6.5% increase compared to USD 98/MT in December 2023. The surge was driven by rising domestic demand in India, supported by government-led infrastructure projects and a recovery in real estate construction.
Looking ahead, industry analysts at Expert Market Research anticipate a modest price increase in 2025. This is expected to be driven by continued infrastructure development, particularly under India's National Infrastructure Pipeline (NIP) and smart cities initiatives. Despite possible regional slowdowns and input cost pressures, demand fundamentals remain strong. The expectation is that cement prices will remain stable with a slight upward bias, as suppliers manage costs while catering to growing urban and rural development projects.
Overall, the cement market in India remains robust, with seasonal and economic cycles influencing short-term price fluctuations. Long-term prospects, however, continue to favor steady growth, backed by policy support and sustained construction activity.
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Global Cement Trade: Key Exporters, Importers, and Suppliers
The global cement market is characterized by a complex network of exporting and importing countries, driven by demand for construction materials and infrastructural development. Several countries dominate the export landscape, while others rely heavily on cement imports to meet domestic demand.
Leading Exporting Countries
Among the top cement exporters globally, Turkey leads the pack, leveraging its strategic location and strong manufacturing capacity. Vietnam follows closely, benefiting from cost-competitive production and proximity to key Asian markets. Other prominent exporters include Canada, Germany, Spain, Greece, Egypt, and China, each contributing significantly to global cement supply, often serving both regional and intercontinental demand.
Leading Importing Countries
On the import side, the United States remains the largest importer of cement, driven by extensive construction and infrastructure activities. Israel, France, Singapore, Philippines, Hong Kong, Italy, and Hungary also feature as major importers. These countries often face domestic production limitations or cost inefficiencies, making imports a more viable option to meet internal demand.
Major Cement Suppliers
The cement industry is dominated by a handful of multinational corporations known for their extensive global reach and product quality. UltraTech Cement Limited from India stands as a key global supplier, especially within South Asia and Middle Eastern markets. The Occidental Chemical Corporation (USA) and The Siam Cement Group (Thailand) are prominent in North American and Southeast Asian markets, respectively. Holcim Ltd. (Switzerland) and Heidelberg Materials (Germany) continue to maintain strong global footprints through mergers, acquisitions, and diversified operations. Chinese giants like China National Building Material Company and Anhui Conch Cement Company Ltd. serve major export needs in Asia and beyond, while Brazil's Votorantim Cimentos is a dominant player in Latin America with growing international presence.
Together, these exporters, importers, and suppliers form the backbone of the global cement trade, supporting critical infrastructure worldwide.
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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices
How Claight Corporation (Expert Market Research) Database Can Help
The latest report by Expert Market Research, "Cement Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for cement. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.
Drawing from in-depth research, the report analyses the primary factors influencing cement prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.
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Claight Corporation (Expert Market Research)
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Email: sales@expertmarketresearch.com
Tel No: (D) +91-723-689-1189
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About Claight Corporation (Expert Market Research):
Expert Market Research is a leading provider of syndicated and custom market intelligence, supporting clients with strategic insights across a broad range of industries. The firm delivers end-to-end research services including demand-supply assessments, pricing and cost analysis (including regional spot prices), feasibility studies, regulatory mapping, and competitive benchmarking. Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.
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