Key Market Indicators
Armenia's cement imports are set to reach around $40 million by 2026, a 5.1% average annual growth rate from 2021's $29 million. Since 2002, demand has increased by 56%. Armenia ranked 74th in 2021, with Japan first at $29 million, followed by the Philippines, Sri Lanka and China. In 2019, Armenia's cement exports hit $19,000, a 89.8% drop from the 2018 figure of $189,000. Since 2002, supply has decreased by 67%. Armenia ranked 111th, with Finland taking the top spot at $19,000, followed by Canada, Germany and the United Arab Emirates.
Armenia Cement Market Data and Forecasts
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