Features North America and Asia Pacific to see increased cementitious trade volumes by 2026 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Environment Heidelberg's Burglengenfeld plant invests EUR 230 million Major environmental shift at Burglengenfeld June 14, 2024 Markets & Competition Bamburi Cement extends loan to its subsidiary Cement giant provides significant funding to boost June 14, 2024 MOST READ Environment Holcim Philippines eyes recycling 10M tons of Holcim Philippines aims to recycle demolition wastes by June 07, 2024 Markets & Competition Holcim and Norman Foster Foundation unveil sustainable Sustainable homes will utilize Holcim's EcoPlanet June 12, 2024 North America and Asia Pacific to see increased cementitious trade volumes by 2026 Cementitious trade is expected to intensify by 2026 on trade routes to the Americas, in particular to the United States, and within Asia Pacific, according to CW Research's 2021 update of the World Cement, Clinker & Slag Sea-Based Trade Report. In 2020 the largest volume of cementitious materials globally was traded in the Asia Pacific, where the total cargo moved was estimated at 70 million tons, of which cement and clinker accounted for 90 percent. ÔÇ£Compared to 2021, we expect volumes to grow at a CAGR of almost 4 percent to the US by 2026, while Asia Pacific region is expected to grow at a CAGR of more than 7 percent only eclipsed by the growth in North Africa of almost 9 percent. The Asia Pacific region is expected to continue to be dominant region in terms of volume, with North Africa overtaking the US by 2026,ÔÇØ assesses Prashant Singh, Associate Director at CW Group. Asia Pacific reigns as the largest gray cement exporting and importing region Almost 40 percent of the total sea traded volume of gray cement in 2020 was inter-Asia Pacific trade. Out of the total global trade, Asia Pacific trade accounted for a total of over 30 percent of gray cement sea imports and for more than 40 percent of the global volume traded by sea. North and Central America stood as the second largest importing region of gray cement by sea in 2020, due to US demand, while the second largest exporter was Eastern Europe, with Turkey the most prominent exporting market. Clinker trade by sea to see sustained growth over the next five years Despite clinker production being highly impacted by environmental regulations, trade is expected to see a sustained growth over the forecast period, rising by almost 10 million tons over 2021 volumes. In 2020, Asia Pacific accounted for over half of the global sea-based trade of clinker, being also the largest importer of the material, followed closely by Africa. Cement carriersÔÇÖ usage to grow on stricter environmental regulations As sea-based trade of cementitious materials on bulkers is subject to environmental regulations, global trade is predicted to lead to increased use of specialized cement carriers. Currently, with high utilization rates, there is little spare capacity in the cement carrier market. The situation is expected to improve in coming years as new capacity both in the form of new builds and ship conversions comes online. CW Group's World Cement, Clinker & Slag Sea-based Trade Report provides an in-depth and data-oriented analysis of trade-related development, historical trade flows and prices, and changes in exports and imports during the past years from a regional perspective, with a focus on key markets. The report also projects key cement and clinker supply-demand gaps that will sustain world cement trading for the next few years. Key exporters, their facilities, and traders are profiled, as well as key ocean-going cement carrier operations and their vessels. Examined trade flows include gray cement, clinker, white cement, and slag, as well as a discussion of fly ash trade, in bag, big-bag, or bulk form. The report projects main flows through 2024 expected to be shipped by ocean going vessels and includes prevailing cement trade prices and bulk/dry cargo shipping rates. Find out more about the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline