North America cement prices: Q3 2024 price forecast shows steady growth
- Global gray cement exports CW price index is forecasted to increase to USD 79.3 per ton in Q3 2024, reflecting sustained demand
- North and Central America's ex-works prices are forecasted to reach USD 146.4 per ton in Q3 2024, driven by infrastructure developments and increased construction activities
- White cement export prices in the third quarter are forecasted to show a marginal drop following the increase in Q2
Ridgefield (CT), USA, July 23, 2024 - CW Group’s Global Cement Trade Price Report provides industry stakeholders with critical market intelligence on regional trends and price movements. Leveraging a proprietary forecasting model incorporating advanced analytics, the report achieves a remarkably low forecasting error, of less than 3.5 percent, ensuring unmatched confidence in our insights.
"The global cement market is in a state of dynamic change, with gray cement exports being particularly affected. High inflation, notably impacting Turkey and Pakistan, has significantly impacted their export pricing. This sustained pressure on pricing reflects the interplay of fluctuating demand, elevated energy costs, and the ripple effects of geopolitical events," remarked Tiago Sá, Business Analyst at CW Group.
Global gray cement export price forecast
The CW price index for gray cement export is expected to rise to USD 79.3 per ton in Q3 2024. This increase suggests that the market has absorbed recent economic fluctuations and is poised for steady growth, making it a favorable period for stakeholders to strategize long-term investments. It is expected that after the rainy period in China and India, the market could solidify this growth.
North and Central America cement price trends
In North and Central America, ex-works prices are forecasted to rise year-on-year in the third quarter of 2024, reaching USD 146.4 per ton. This increase is driven by steady demand in the region, fueled by ongoing infrastructure projects and robust construction activities. Retail prices for the third quarter are expected to have moderate variations, with the biggest increase forecasted in Mexico, which is expected to rise by 2.0 percent.
White cement export price shifts
White cement prices saw a significant increase in Q2 2024, rising by 5.4 percent, driven by constrained supply. However, in Q3 2024, white cement prices are expected to experience a marginal decrease. This decline suggests a slight cooling of the previously heated market as production catches up with consumption, providing a more balanced outlook for future trade.
About the Report
CW Group, a leading consulting, research, and business intelligence boutique firm based in the US and active worldwide, released the Global Cement Trade Price Report. Published quarterly, the GCTPR delivers detailed data for over 70 markets worldwide, including monthly average selling prices, retail price changes, trade price forecasts, and volumes for the past year, along with forecasts for the Q3 2024.
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