The import of Portland cement, other than white cement to the US, is projected to increase steadily from 2024 through 2028. In 2023, the import stood at a specific baseline value, and from 2024 onwards, we see a consistent yearly increment in volume, with forecasted figures indicating a gradual rise from 13.461 billion kilograms in 2024 to 14.798 billion kilograms in 2028. Year-on-year growth shows modest percentage increases, demonstrating steady demand expected over the five-year period. The compound annual growth rate (CAGR) supports this trend, highlighting persistent expansion in market import volumes.
Future trends to watch for:
- Shifts in global supply chain dynamics impacting import levels.
- Potential regulatory changes affecting trade and import tariffs.
- Technological advancements in construction potentially influencing cement demand.