Brazil construction & cement market

The Brazil cement industry report covers historic cement volume trends and segments by region, cement and clinker import and export volumes, review of trading partners, existing and new production capacity and expansions, market structure and government role. The industry report also includes production capacity by plant, league tables, recent win-rates by equipment vendors and a forecast through 2016 and discussion of strategic factors affecting the cement sector in Brazil.

Table of Contents:

Introduction 5

Executive summary 6

The economy and the construction sector 7

Overview 7

Economy 7

Figure: Economy and population 8

Figure: Construction sector and the economy 9

Construction Sector 10

Table: Construction sector value breakdown 10

Composition of Industry 10

Table: Construction sector importance and growth 11

Chart: PAC2 program breakdown 11

Chart: World cup 2014 locations 13

Regional 14

Table: Regional share of construction spend 15

Chart: Regional construction employment 15

Construction Costs 16

Chart: Construction costs 16

Major Construction Companies 17

Table: Construction business and employees by company size (2008) 17

Biggest Infrastructure Projects 18

Outlook 19

Cement market 20

Market Overview 20

Demand and Supply 20

Figure: 2005-2011E cement demand 21

Figure: Regional demand breakdown (1980-2009) 22

Current production 22

Figure: 2005-2010E cement production 23

Figure: Principal existing plants 24

Export and import activities 27

Figure: Cement imports and exports 27

Figure: Cement export countries 28

Figure: Cement exports: product types and evolution 29

Figure: Cement import countries 30

Figure: Cement imports: product types and evolution 31

Distribution of Cement in Brazil 31

Cyclicality 32

Chart: Consuption volume cyclicality 32

Government Influence 33

Competitive dynamics 34

Figure: National market share 34

Figure: Production capacity share 35

Northern region 36

Northeast region 36

Chart: Cement plant locations 37

Central West region 37

Figure: Per capita consumption by region (2000, 2005 & 2010) 38

Southeast region 38

South region 39

Regional demand share 39

Figure: Regional market split 40

Major cement companies 41

Votorantim Cimentos 41

Cimpor Brasil 42

Cimento Nassau 43

Lafarge Brazil 44

Holcim Brasil 45

Cauê 46

CSN 46

Cimentos Liz 47

Ciplan 48

Itambé 48

Cimentos Mizu 48

Cement capacity 49

Figure: Nameplate cement production capacity (2005-2015E) 49

Expansion programs 50

Figure: Noteworthy new upgrades and plants 51

Figure: Cement production capacity (2005-2014) 52

Cement Prices 54

Chart: Average national cement prices (Jan 09 – Dec 10) 54

Outlook 56

Figure: Apparent cement demand projection (2005-2015) 56

Figure: Apparent cement demand scenarios (2011, 2013 & 2015) 57

Figure: 2006-2011E cement demand growth rates 58

Figure: Regional demand share (2010 & 2015) 59

Figure: Growth in apparent cement demand (2006-2015) 60

Figure: Manufacturing utilization projection (2009-2015E) 61

Data tables 62

Supply-demand balance (2005 – 2009, tons) 62

Production capacity market share (2010-2015E, %) 63

Imports by cement type (2005 – 2009, tons) 64

Cement import countries (2005 – 2009, tons) 65

Cement exports (2005 – 2010E, tons) 66

Cement export destination (2005 – 2009) 67

Cement and construction correlation (2005 – 2010) 68

GDP and construction correlation (1980 – 2015E) 69

Table: Cement plant capacities (2008 – 2015E) 70

Disclaimers 74