Key Market Indicators
Montenegro's cement imports are expected to reach $71.3 million by 2026, a 2.6% year-on-year average growth from $60.2 million in 2021. Since 2011, the country's demand has increased by 15.4% a year. In 2021, Montenegro was ranked 42nd, overtaken by Myanmar at $60.2 million. The Philippines, Sri Lanka and China came in second, third and fourth in the ranking. In 2018, Montenegro's cement exports amounted to $5 million, a 73.7% decrease from $19 million in 2017. Since 2014, the country's supplies have decreased by 87.7% year-on-year. In 2018, the country was ranked 124th, overtaken by Aruba at $5 million. Canada, Germany and the United Arab Emirates respectively came in second, third and fourth in the ranking.
