Cement Prices

Cement Price Trend and Forecast

Track the latest insights on cement price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Cement Prices Q4 2024

During the last quarter of 2024, the cement prices in the USA reached 106 USD/MT in December. As per the cement price chart, the prices increased by around 3.92% compared to the same quarter last year. Cement price trends were affected due to construction demand, inflation, and high interest rates. Besides, a weak housing market in 2024 contributed to the challenges faced by the cement market. 

In Q4 2024, the cement prices in China reached 158 USD/MT in December. As per the cement price chart, the prices increased by 6.04% compared to December 2023. Cement prices in China were primarily declining due to a significant drop in demand caused by a struggling real estate market, a slowdown in infrastructure investment, and overcapacity within the industry. This also led to a surplus in cement production compared to the declining construction needs; which resulted in intense competition among producers, further affecting the prices. 

During the last quarter of 2024, the cement prices in Germany reached 42 USD/MT in December. The prices fell by 16% than in December 2023. Prices were influenced by the decline in homebuilding permits, which decreased compared to the previous year. This decline led to a downturn in demand in the construction and real estate market, affecting cement sales. However, the German government's expected interest rate cuts supported the revival of the construction market, thus influencing the prices.

Cement Prices Q4 2023

The cement prices in the United States for Q4 2023 reached 102 USD/MT in December. The market price dipped initially due to lowered trading volumes and reduced export volumes. The decline in manufacturing expenses, driven by cheaper natural gas and crude oil, contributed to this trend. Despite this, an uptick in consumer confidence towards the end of the quarter helped stabilize prices.

The cement prices in China for Q4 2023 reached 149 USD/MT in December. Initially, the cement market in the country saw a steady decline in prices. The primary causes were reduced expenses of feedstocks and manufacturing inefficiencies. While product consumption remained stable, excess supply and dampened growth in sectors like industrial and construction prevented any significant price hikes.

The price trend for cement in Germany for Q4 2023 reached 50 USD/MT in December. Germany experienced a mild decrease in cement prices, influenced by reduced costs for feedstock and weak demand in key sectors. Rising stockpiles and economic uncertainties further pressured the market. The cautious stance of consumers amid a fragile economic outlook kept price recovery in check.

Regional Coverage

The report provides a detailed analysis of the cement market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cement price trend.

Global Cement Price

The report offers a holistic view of the global cement pricing trends in the form of cement price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into cement historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into cement price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cement demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cement Price Trend

Q4 2024:

Cement prices in Europe were fluctuating due to various factors. One key reason was the increase in production costs, driven by higher energy prices and raw material costs. Despite a decline in energy costs, cement prices continued to rise, with producers passing on the inflated costs to consumers. Countries like Germany, France, and the UK experienced significant price hikes due to challenges in raw material sourcing and labor shortages, as well as heightened energy costs linked to the Ukraine crisis.

The prices for cement in Europe experienced a downward trend. Price reductions were primarily driven by lower feedstock costs and weak performance in key sectors. The combination of rising stockpiles, inflation, and high interest rates created further pressure. Economic instability and unpredictability about the industrial outlook, exacerbated by the ongoing conflict between Israel and Hamas, led to a cautious approach in the consumer industry, contributing to the gradual decline in cement prices.

This analysis can be extended to include detailed cement price information for a comprehensive list of countries.

North America Cement Price Trend

Q4 2024:

Cement prices in North America were changing due to several factors. One key reason was the steady demand for cement, driven by ongoing infrastructure projects and robust construction activities. This demand was fueled by government spending, particularly in the US, where non-residential construction is still growing strongly, due to numerous legislations like the Infrastructure Investment and Jobs Act, Chips Act, and Inflation Reduction Act. Moreover, cement prices rose gradually in Canada, driven by continued demand for housing and infrastructure development, despite higher production costs due to factors like hauler strikes, energy costs, and environmental regulations.

The prices of cement in North America experienced a decline influenced by lowered trading activities and a dip in export volumes. Moreover, the decline in manufacturing expenses, helped by diminished prices of natural gas and crude oil, played a major role. However, a slight improvement in consumer sentiment led to a modest recovery in rates towards the end of the quarter, signalling a tentative rebound in the market.

Specific cement historical data within the United States and Canada can also be provided.

Middle East and Africa Cement Price Trend

Q4 2024:

The report explores the cement pricing trends and cement price index in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

The report explores the cement pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on cement prices for countries can also be provided.

Asia Pacific Cement Price Trend

Q4 2024:

Cement prices in the Asia Pacific region were fluctuating due to the increase in government spending on infrastructure projects, which led to a surge in demand for cement. This was particularly evident in Vietnam, where the government's measures to boost infrastructure development and industrial growth drove up cement sales. Another significant factor was the focus on sustainability and decarbonization in the cement industry. This shift toward sustainable production methods has led to fluctuations in cement prices.

The cement market in Asia Pacific saw a consistent decline in prices. Initially, the drop in the prices was moderate. It became more pronounced towards the latter months of the quarter, majorly owing to lessened activity in the manufacturing industry and decreased expenses of raw materials. Despite reasonable consumer demand, the market faced challenges from excess product supply, destocking by traders, and sluggish growth in sectors including industrial and construction, which hampered any potential price recovery.

This cement price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cement Price Trend

Q4 2024:

Latin America's cement market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in cement prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, cement price index, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing cement pricing trends in this region.

The analysis of cement prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Cement Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Cement Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of cement pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of cement at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cement price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing cement price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Cement Industry Analysis

The global cement industry size reached USD 407.2 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 585.6 Billion, at a projected CAGR of 3.91% during 2025-2033.

• The rapid population growth and urbanization across the globe are some of the primary drivers boosting the market growth. As the world's population expands, leading to the need for infrastructure and housing, the demand for cement also rises. According to the United Nations, the world's population is expected to grow by approximately 2 billion over the next 30 years, creating the need for increased infrastructure development. This expanding population has led to the heightened need for infrastructure and housing, which extensively use cement for various construction projects. Furthermore, the United Nation has predicted that global urban population will increase to two-third by 2050. This rising trend has been motivating the development of new cities, roads, bridges, and other infrastructure projects, which increases the market expansion.
• Governments across the globe are also acknowledging the value of infrastructure development for economic growth and social well-being. They are allocating considerable resources to create and improve transportation networks, which includes highways, roads, trains, and airports. For example, the US Department of Transportation in 2022 revealed that public and private investment in transportation infrastructure and equipment reached $403.9 billion, accounting for 7.4 percent of the overall investment of $5,476.1 billion. Moreover, there have been major investment in these activities in other regions, which is creating the need for vast volumes of cement to build long-lasting and dependable infrastructure. Furthermore, the introduction of various regulations that encourage the use of ecologically friendly cement, consequently increasing the growth rate of green cement industry to 10.7% between 2024 and 2032, is propelling the market growth.
• Economic growth of a country is also closely linked to the demand for cement. There is a surge in investment in construction and infrastructure projects in developing countries like India. This is due to rising GDP and industrialization as it spurs the construction of new factories, commercial spaces, and residential buildings. For example, China's investment in fixed assets grew by 4.9% in 2021 from 2.9% growth in 2020. Also, its industrial investment reached 11.4%, which is a drastic acceleration from 0.1% growth in 2020. Aside from that, in the budget of 2023 and 2024, India's capital investment outlay for infrastructure increased by 33% to Rs.10 lakh crore, which sums up to 3.3% of GDP and almost three times the outlay in 2019-20. This rise in investment has also boosted the need for cement in these regions.
• The real estate market is expanding rapidly which is another key driver for this product’s market growth. As economies grow and wages rise, so does the demand for houses, commercial properties, and other real estate assets. According to the IMARC analysis, the real estate industry is predicted to touch $8,654 billion by 2032. It is growing at a rate of 1.9% from 2024 to 2032, which is leading to a hike in building activity. Residential, commercial, and industrial buildings are among the many areas of the real estate industry that require cement for foundations, walls, floors, and other structural parts.

Cement News

The report covers the latest developments, updates, and trends impacting the global cement industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cement production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cement price trend.

Latest developments in the cement industry:

• In May 2023, Heidelberg Materials announced the launch of state-of-the-art cement facility at Mitchell, Indiana, U.S., by investing US$ 600 million. This facility will be the second-largest cement plant in North America with a capacity of 2.4 million tonnes of cement a year, and one of the most technologically advanced and sustainable ever built. 
• In April 2024, Holcim signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with $22 million of net sales in 2023 and a strong presence in fast-growing Latin American markets. Tensolite is planning to expand Holcim’s Solutions & Products portfolio and strengthen its geographical footprint with several of its plants and a distribution network across Argentina, Paraguay, and Uruguay.

Product Description

Cement is a binding substance that is used in construction. It is made from limestone and clay. When mixed with water, it forms a paste that hardens over time, adhering to other materials to form a solid mass. It is available in various types, including ordinary Portland cement (OPC), Portland pozzolana cement (PPC), rapid hardening cement, and white cement, each designed for specific applications and environmental conditions. The product offers key properties, such as its compressive strength, setting time, fineness, and durability. It is used in applications like building foundations, bridges, pavements, tunnels, dams, water tanks, masonry work, roads, precast concrete products, and marine structures.

Cement enhances the structural integrity of buildings, offers versatility in construction, provides durability, has a predictable performance, allows for modular construction, and supports large-scale infrastructure projects. Additionally, it is lauded for its availability, cost-effectiveness, ease of use, strong bonding capabilities, and adaptability to various climates.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cement pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting cement price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cement price charts ensure our clients remain at the forefront of the industry.