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Government projects driving Maldivian cement demand through 2019

03-06-2018 10:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CW GROUP

Government projects driving Maldivian cement demand through

According to CW Research’s 2018 Maldives Cement Market Report, overall cement demand in the country is expected to decline at an annual average rate of 3.3 percent in the next five years. The decreasing trend is expected to happen after 2019, due to the completion of large-scale construction projects.

Filipe Gouveia, analyst with CW Research, observes: “While demand is expected to trend downwards in the following years, an expanding population and strong GDP growth rates will allow for strong levels in cement demand, higher than what had been recorded prior to 2015’s infrastructure projects. In the upcoming years, commercial and residential are going to be the main operational areas for the construction sector.”

The steady growth observed from 2012 to 2017 has resulted from a surge in 2015 caused by the start of the country’s mega projects in greater Malé. In that year, several large scale infrastructure projects were initiated by the government, including a bridge connecting Malé to Hulhumalé, and the beginning of the second phase of the Hulhumalé project – a relocation initiative aiming at providing better infrastructure for the country’s population through economies of scale.

An import-driven cement market

In the Maldives, cement is entirely supplied via imports, as there is no local cement manufacture. On the importing side, there are currently two companies who own cement silos in the country, Lafarge Maldives Cement and Villa Trading.
India, Malaysia and Indonesia are the most common origins of cement to the Maldivian market. When it comes to pricing, strong competition between Southeast Asian exporters and rising volumes have allowed gray cement import prices to remain stable over the previous five years, ranging from USD 80 per ton to 110 per ton.

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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 Maldives Cement Market Report, part of CW Research’s Cement Industry Country Report series, meets 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 a five-year 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.

More information about the report can be found here: https://www.cwgrp.com/research/research-products/product/203-maldives-cement-country-report-2016

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

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

CW Group
PO Box 5263, Greenwich, CT 06831, USA
Liviu Dinu (inquiries@cwgrp.com)

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