Forecast: Cement Production in China

The cement production in China has shown fluctuating trends over the past decade, peaking in 2014 and experiencing a few years of decline and recovery. As of 2023, production stood at 239.88 million metric tons. The year-on-year variations from 2021 to 2023 were -0.73%, 0.46%, and 0.44% respectively, indicating a stabilization in production volumes.

Over the past five years, the compound annual growth rate (CAGR) has been 1.41%, suggesting modest growth. Looking forward, the forecasted CAGR for the next five years is 0.34%, with an overall growth rate of 1.7% by 2028, implying continued but slow increases in production volumes.

Future trends to watch for include:

• Industry regulation changes and their impact on production capacity
• Technological advancements improving efficiency and reducing environmental impact
• Economic factors influencing domestic construction demands
• Global demand shifts and export opportunities