CW Research’s 2H2015 Extended Update to its benchmark Global Cement Volume Forecast Report (GCVFR), the company’s twice-yearly outlook for worldwide cement market volumes, forecasts 2015 world cement demand to see a worldwide decline of 2.7%, reaching 4.0 billion tons.
The 2H2015 Global Cement Volume Forecast Report provides global and regional outlooks, and detailed perspective on 55 of the world’s most important countries’ cement consumption, production, net-trade and cement production capacity. This enables industry professionals to shape their perspective on markets and business priorities.
The research team also revises its longer-term global outlook down to 2.4 percent per year on average through 2020. This downgrade in world cement demand is driven by a negative revision of Chinese demand, but also because Europe and parts of Latin America see significant downgrades in the short and medium term, while North America led by the United States re-emerges as a tentative volume growth driver.
“The cement world is taking it on the chin in 2015; geopolitical, security, commodity, and fiscal risks have gained prominence in 2015 and have resulted in a marked deterioration on the growth prospects for the global cement markets,” explains Robert Madeira, CW Group MD and head of research.
Africa and the Middle East regions have been negatively impacted by the sudden slowdown in the Chinese economy and the collapse in commodity prices. This has added to existing problems and negatively affected cement demand in large markets such as Brazil and Peru in Latin America and Morocco and Tunisia in Africa, leading to a downward revision in short-term cement demand.
