openPR Logo
Press release

Kuwaiti cement outlook positive on public investment and private homeownership

05-11-2017 10:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CW GROUP

Kuwaiti cement outlook positive on public investment

Greenwich (CT), USA, May 8, 2017 – According to CW Research’s “2017 Kuwait Cement Market Report”, cement demand in Kuwait expanded at a buoyant CAGR of 18% between 2010 and 2016. The increase in consumption was sustained by a strong pipeline of governmental infrastructure projects, founded through capital sourced from oil revenue. Conversely, the international oil price crisis took its toll on Kuwaiti government’s public investments, leading to a 1.2% decrease in cement consumption in 2016.
“Despite consumption almost tripling from 2010 to 2016, domestic suppliers were not able to keep up with the growth. Domestic supply-demand is, thus, imbalanced, making Kuwait reliant on imports”, noted Tea Vukicevic, CW Research’s Associate Analyst.
The combination of lack of natural resources and a rapidly growing demand has created a market reliant on cement importers. With only two domestic manufacturers, Kuwait Cement Company and ACICO, a significant share of cement in the market is imported in bags, either directly or as clinker for grinding through dedicated cement import terminals.

Public projects and affordable residential housing sustain positive forecast

The conservative optimism currently surrounding the future international crude oil prices in OPEC countries prevents CW Research from forecasting a cement demand increase above 2%, from 2017 to 2021.
The infrastructure sector outlook is moderately positive over the next few years, driven by Kuwaiti government’s numerous planned projects and increasing homeownership affordability. Nonetheless, threats subsist, as Kuwait’s undiversified GDP structure poses challenges to the capital necessary to invest in infrastructure expansion.
As Tea Vukicevic stresses, “the slim forecast consumption growth is encouraging enough for cement manufacturers to add new capacity on the market. As a result, CW Research projects that Kuwait will become less dependent on foreign-sourced cement”.

****
For more information, placing an order, or interview inquiries, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group, by phone at +40-744-67-44-11, or e-mail at ld@cwgrp.com.

About the Report
The CW Group Research’s Cement Industry Country Report series meet the country-level cement market research needs of small and large businesses, analysts and governments. The reports cover cement volume trends in detail, analyzing trade flows, cement demand and production (historical and outlook), per capita consumption, and the competitive landscape, including company profiles, cement production facility details, including past and announced brownfield production increases and greenfield projects. Cement Industry Country Reports also cover demand drivers, including macro-economic and construction sector dynamics, for the specific country. Industry reports are presented in an objective, easy to understand format, providing hard-to-find answers to top market research questions.
The comprehensive CW Research’s Kuwait Cement Market Report provides an in-depth and data-oriented analysis of the cement market in Kuwait. This cement industry report provides a detailed review of the cement market in Kuwait, with regional perspectives, discussion of demand drivers, as well as cement tonnage volume and price trends in the country, which provides a national five-year demand forecast.

More information about the report can be found here: http://www.cwgrp.com/research/research-products/country-reports

About CW Group
The Greenwich (Conn.), USA headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com

Liviu Dinu
Market Services & Marketing Consultant
M: +40-744-67-44-11
E: ld@cwgrp.com

PO Box 5263, Greenwich, CT 06831, USA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Kuwaiti cement outlook positive on public investment and private homeownership here

News-ID: 531836 • Views: 326

More Releases from CW GROUP

Western Europe and North America lead white cement trade
In 2019, Western Europe remained the major white cement exporting region, followed by Eastern Europe and CIS, according to CW Research's 2020 Global White Cement Market and Trade Report. Western European intra-regional trade accounted for 74 percent of regional exports, while a much smaller percentage was shipped to North America. "Driven by the correlation between higher economic growth and white cement demand, North America and the Middle East unsurprisingly remained the
White cement consumption to top 22 million tons on steady economic growth
Between 2019 and 2024, global white cement demand is projected to increase modestly to over 22 million tons, according to CW Research’s 2020 Global White Cement Market and Trade Report. The global economy is expected to recover and continue to grow, providing the backdrop for the encouraging trend, since, as a premium commodity, consumption of white cement benefits from GDP growth and increasing consumer spending. “In spite of the dark clouds
Global cement demand to recover through 2024
World cement consumption is projected to increase to 4.2 billion tons in 2019, according to CW Research’s 2H2019 update of the Global Cement Volume Forecast Report (GCVFR). The IMF’s July update, which forecasts global economic output to grow over three percent in 2019, coupled with counter-cyclical measures taken by China and other emerging countries, are the main drivers behind the rising trend. Within the next five years, CW Research forecasts global
Cement demand in Peru grows in 1H2019; Saudi Arabia struggles with overcapacity
In the first half of 2019, cement demand recorded conflicting trends across selected markets, according to CW Research’s Cement Country Market Data reporting. Whereas consumption of cement rose in Peru, it contracted in markets such as Saudi Arabia and Argentina. “With an expected GDP growth of 3.9% in 2019, Peru offers good perspectives for the cement industry. Private investment, particularly in the mining industry, is replacing large infrastructure projects such as

All 5 Releases


More Releases for Kuwait

Petzone Kuwait Promotes Responsible, Loving Pet Ownership in Kuwait
‘Provides world-class range of products and services to take care of your pet’ ‘Pamper your pet with Petzone food, bedding, toys, and luxury pet items’ By Ben Garcia Owning a pet is a pleasure and a responsibility and as more and more people in Kuwait become pet owners, the market grows to support them. One of the most prominent shops now in Kuwait for pets is the well-known Petzone ( http://www.petzone.com ).
Web Design Company Kuwait - Ecommerce web development company Kuwait
Chrisans Solutions is a Kuwait based registered web designer and development company having powerful team in E Commerce Website Designing and Mobile Apps development, which includes E Commerce - Online Shopping Store Website Development, Digital marketing, KNET Integration and IOS App Development in IPhone/IPad, Android Apps Development. We Offer Web design Kuwait complete and All-embracing web related services including Mobile App Development Kuwait. Chrisans Web Solutions 4th Floor, Al Zumorrodah Tower Ahmed Al
Kuwait Freight Forwarding Market is Gaining Traction Worldwide by Key Players: D …
Freight transport is a service operated by common carriers that are not vessels, agents that organize shipments for industries from the manufacturers to the final destination. The agents have contracts with the shipping companies to move the cargo. This helps them to offer a secure network of cargo movement at low prices. The growth of Kuwait Freight Forwarding was supported by development in major industries such as oil and gas, manufacturing,
Kuwait Freight Forwarding Market is Thriving Worldwide by Key Players: DHL Kuwai …
Freight forwarding is a service operated by non-vessel common carriers, agents that arrange shipments for industries from manufacturers to the final destination. Agents have contracts with shipping line carriers to move cargo. This provides help them offer a secure network of movement of cargo at low prices. The growth of Kuwait Freight Forwarding was supported by development in major industries such as oil and gas, manufacturing, retail, wholesale, construction, agriculture
Kuwait Telecoms, Mobile and Broadband Market Growth Analysis, Challenges and Ind …
WiseGuyReports.com “Kuwait - Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to its Research Database. Scope of the Report: Government support is integral to Kuwait’s telecom industry progress. Developments over the past year or so in Kuwait has demonstrated how a supportive government can pave the way for telecoms progress. The Kuwait government is making great headway in implementing changes which will improve the overall telecoms industry. One
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for