Cement Price Trend and Forecast: Top 10 Leading Trading Countries and Regions - Latest Edition [2026]

The Expert Market Research pricing report on Cement provides insights into the top 10 leading trading countries and regions.

In 2024, Cement prices remained stable despite a declining consumption rate which was supported by low input costs and adjustments in pricing strategies. Market dynamics varied, where some regions experienced a price hike due to supply constraints while others faced downward pressure because of overcapacity and lowered demand. In Q1 2025, cement prices went up slightly, which helped balance out lower sales volumes. The U.S. saw slower construction activity, but lower energy costs helped keep production steady. In India, strong government spending on infrastructure supported higher cement demand.

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Competitive markets with huge capacity expansion kept their prices low whereas areas with supply shortages and recovering construction activity saw a modest price increase. Additionally, industry stakeholders are showing increased focus on sustainable alternatives and are moving towards optimized construction materials which is also having an influence over pricing structures of cement since demand stand low in key regions such as China.

Cement Price Forecast

Global cement prices have remained stable in 2024 and were supported by lower input costs and stable pricing despite declining consumption. In 2025, export prices are expected to recover as market demand improves, particularly in seaborne trading markets. The US and Western Europe expect modest demand growth, which might lead to price stabilisation or increases.  Due to the recession in real estate, prices in China have somewhat recovered but are still under pressure.  India has a competitive market with cheap pricing because of its quick capacity expansion. Malaysia has experienced significant price rises, and more growth is anticipated, while Philippine producers face pricing issues due to growing imports.  On the other hand, Bangladesh's poor demand may have an impact on price stability, and Vietnam may suffer from low pricing and overcapacity.  Overall, overcapacity and geopolitical threats may keep prices competitive elsewhere, while lower interest rates and rebounding demand may encourage price hikes in other areas.

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Global Trade and Supply Chain Implications

The demand for cement is expected to decline from 2024 to 2030 in many parts of the world. Although strong growth is anticipated in India, the Middle East, and Africa. Among these, Sub-Saharan Africa is estimated to experience a 77% increment in cement demand by 2030, while in India, the rising shift will be about 42%, and North America is estimated to experience 20%. On the other hand, markets in Turkey, China, and Europe are expected to struggle due to reduced construction activity and an overall decrease in demand. China known to the world’s largest cement consumer, has seen a demand drop sharply from 2.4 billion tons in 2020 to an estimated 1.8 billion tons in 2024, with a slowdown in urban development and real estate activity.

Despite weaker global demand, the European market is expected to maintain a gross margin expansion which is primarily driven by higher cement prices and reduced fuel costs. Price adjustments have made it simpler for manufacturers to maintain profitability despite the declining consumption rate. However, because of the free-market dynamics and competitive forces, prices have decreased in various regions of the world, particularly in emerging economies. These disparities explain the regional challenges within the cement industry with some markets benefiting from price resilience, while others facing a downward trend in profitability.

Feedstock Analysis

The aluminosilicate market was under adverse pressure in late 2024 because of the declining demand in construction activity and the cement industry, especially in Asia and Europe. Low-cost imports in some areas and a halt in construction activity caused aluminosilicate prices to drop, which in turn affected cement prices. But by early 2025, the market was beginning to recover, this change was boosted by a slow recovery in construction activities and supply shortages that raised the price of raw materials. The strong demand forecast for cement indicates that supply chain factors and construction demand have a direct impact on overall pricing trends, with fluctuations in aluminosilicate prices highlighting its key role in cement manufacturing.

Demand and Supply Outlook for Cement

By 2050, global cement demand is expected to decline from the past years because of the changing market trends and rising shift towards sustainable materials. In some nations, the slowing rate of new urban development due to plateauing population growth has already started to affect demand. For instance, in China, cement consumption has significantly reduced, from 2.4 billion tonnes per annum in 2020 to an estimated 1.8 billion tonnes per annum in 2024. Despite these multiple large expansions in development, global cement consumption is expected to rebound only modestly, with growth ranging between 1% and 2%. Econometric market analysis also suggests that continued volatility in upstream raw materials and policy variables will remain key influencers of cement pricing through 2025.

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Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.
• Visualisations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed industry analysis of current supply and demand trends, along with projections for how these dynamics are expected to evolve during the forecast period.
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