Colombian cement demand to surpass 15 million tons by 2023

 
 
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GREENWICH, Conn. - May 11, 2018 - PRLog -- Over the next five years, cement demand in Colombia is expected to reach 15.3 million tons, according to CW Research's 2018 Colombia Cement Market Report. This improvement will be more noticeable from 2019 to 2021, when CW Research anticipates large-scale projects to be in their most cement-intensive stages.

"In the upcoming years, the cement sector in Colombia will be shaped by the 4G infrastructure projects. In one hand, that project will be one of the main consumption hubs for Colombian cement, while on the other, it will allow transportation to become less dangerous and costly. This is expected to spark up an increasingly competitive environment, as producers become more susceptible to pricing competition both internally and from imports", notes Filipe Gouveia, CW Group's Associate Analyst.

4G highway project boosting cement consumption

Domestic cement demand has risen at an annual average rate of over two percent over the previous five years. Colombia is currently undergoing large-scale infrastructure projects in order to boost the country's productivity, often hindered by high transportation costs. As a result, the 4G highways project, aimed at constructing or upgrading 11,000 kilometers of highway, has been developed since 2014.

The government is currently focusing on attracting investors for this project under PPP agreements, with 18 out of the 30 highway projects having started construction.

An expanding cement market

The Colombian cement sector is dominated by three major players: Cementos Argos, Cemex, and LafargeHolcim, which together control 87.7 percent of the cement production capacity in the country. There is currently a total of 21 operational plants, eight of which are grinding units, and the remaining integrated.

Domestic cement prices in Colombia have remained stable over the years, as transport costs keep regional markets segmented and competition localized.

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For more information, placing an order, or interview inquiries, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group, by phone at +40-744-67-44-11, or e-mail at ld@cwgrp.com.

About the Report

The Colombia Cement Market Report, part of CW Research's Cement Industry Country Report series, meets the country-level cement market research needs of small and large businesses, analysts and governments. The reports cover cement volume trends in detail, analyzing trade flows, cement demand and production (historical and a five-year outlook), per capita consumption, and the competitive landscape, including company profiles, cement production facility details, including past and announced brownfield production increases and greenfield projects. Cement Industry Country Reports also cover demand drivers, including macro-economic and construction sector dynamics, for the specific country. Industry reports are presented in an objective, easy-to-understand format, providing hard-to-find answers to top market research questions.

More information about the report can be found here: https://www.cwgrp.com/research/research-products/product/275-cement-market-report-colombia-forecast-through-2023

About CW Group
The Greenwich (Conn.), USA-headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com

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