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Table of Contents
Introduction................................................................... 4
Executive summary..................................................... 5
Macro................ 6
Overview............ 6
Economy............. 6
Figure: Economy and population.................................. 7
Construction sector....................................................... 7
Figure: Construction sector and the economy.................. 8
Table: Construction sector importance and growth.......... 10
Cement market............................................................... 11
Overview.......... 11
Figure: Principal existing plants................................ 12
Government...... 12
Figure: Cement plant locations.................................... 13
Demand and Supply.................................................. 15
Figure: 2005-2011E cement demand........................ 15
Demand............. 15
Demand segments......................................................... 16
Figure: Demand type................................................... 16
Supply............... 17
Figure: 2005-2010E annual cement production............... 17
Figure: Capacity utilization (2006-2010E)........................ 18
Import and Export activities........................................ 19
Figure: Cement imports and exports............................... 19
Figure: Cement imports: product types and evolution....... 20
Figure: Cement import countries.................................. 21
Figure: Import share............................................... 22
Cement Production and Future Capacity........................ 23
Incumbent capacity (SONOCC)............................. 23
Figure: Cement production capacity (2005-2015E)....... 24
New capacity and greenfield plants...................................... 25
Figure: Nameplate production capacity (2005-2015E).. 25
Competitive Dynamics............................................ 27
Cement market....................................................... 27
Figure: Major upgrades and new plants...................... 27
Figure: Share of 2010 nameplate capacity................. 28
Figure: Share of 2015 nameplate capacity................... 29
Cement Prices......................................................... 30
Figure: 2006-2010 indicative cement prices.............. 30
Outlook........... 32
Figure: Cement demand projection (2005-2015)... 32
Figure: Growth in cement demand (2006-2015).... 33
Next steps............................................................... 35
Data tables.......................................................... 36
Supply-demand balance (2005 – 2010E, tons).............. 36
Production capacity market share (2009-2015E, %)......... 37
Imports by cement type (2005 – 2010, tons)..................... 38
Table: Cement plant capacities (2005 – 2015E, mm tons).... 39
Disclaimers................................................................. 40
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