In 2023, the US imported 14.82 million metric tons of cement, reflecting a stable growth trend with a slight year-on-year increase of 0.97%. Looking back, the period between 2013 and 2023 saw fluctuations influenced by economic conditions, with significant growth spurts around 2015 and 2016. However, growth tapered off in the latter years, averaging a CAGR of 1.49% over the last five years.
From 2024 onward, the forecast suggests a consistent but mild growth in cement imports, with the volume expected to reach 15.57 million metric tons by 2028. The projected growth rate over these five years averages a modest 0.77% CAGR, indicating a stable market.
Future trends to watch for include:
- Construction sector developments impacting demand for cement.
- Potential supply chain disruptions due to geopolitical or environmental factors.
- Technological advancements in construction materials reducing reliance on traditional cement.