Caribbean cement market (2011 update)

Table of Contents

Introduction...............................................................................................5

Executive summary................................................................................6

Figure: 2005-2010 regional cement supply and consumption................7

The economy and the construction sector.......................................9

Economy.......................................................................................................9

Regional highlights of specific economies:...........................................11

Construction sector....................................................................................12

Regional cement market context......................................................15

Market context............................................................................................15

Map: Caribbean cement facilities..........................................................17

Overview....................................................................................................18

Figure: 2005-2010 Caribbean cement consumption.............................18

Figure: Principal cement markets (2010)..............................................19

Figure: 2005-2010 regional per capita cement consumption................20

Major operators: regional overview............................................................21

Cemex.....................................................................................................22

TCL Group..............................................................................................22

Cementos Argos.....................................................................................24

Cement trade...............................................................................................24

US exports to the Caribbean..................................................................25

Cement Production Facilities.............................................................26

Figure: Cement production capacity......................................................26

Manufacturing infrastructure......................................................................26

Integrated units.......................................................................................27

Grinding units.........................................................................................27

2010 production and utilization..............................................................28

Figure: 2010 Caribbean cement production..........................................28

Cement terminals.........................................................................................30

Figure: major cement terminals.............................................................30

Expansion projects.....................................................................................31

Cemcorp.................................................................................................31

Consorcio Minero Dominicano..............................................................32

The Dominican Republic......................................................................33

Market overview.........................................................................................33

Figure: 2005-2011E cement demand.....................................................33

Cement demand..........................................................................................34

Producers & major importers......................................................................35

Cement production.................................................................................35

Cement trade...............................................................................................35

Cement imports (type & country of origin).............................................35

Cement exports (type & country of origin).............................................36

Cement companies and competitive dynamics...........................................36

Energy.....................................................................................................37

Outlook........................................................................................................37

Figure: Demend projection (2010-2012E & 2015E)...............................38

Jamaica...................................................................................................39

Market overview.........................................................................................39

Figure: 2005-2011E cement demand.....................................................39

Cement demand..........................................................................................40

Producers & major importers......................................................................41

Cement production.................................................................................42

Cement trade...............................................................................................42

Cement imports (type & country of origin).............................................42

Cement exports (type & country of origin).............................................42

Competitive dynamics.................................................................................42

Outlook........................................................................................................44

Figure: Demend projection (2010-2012E & 2015E)...............................44

Trinidad....................................................................................................46

Cement market............................................................................................46

Figure: 2005-2011E cement demand.....................................................46

Supply and demand....................................................................................47

Imports and exports................................................................................47

Outlook........................................................................................................47

Figure: Demend projection (2010-2012E & 2015E)...............................47

Haiti...........................................................................................................49

Figure: 2005-2011E cement demand.....................................................49

Cement market............................................................................................49

Supply and demand....................................................................................51

Trade (imports).......................................................................................51

Outlook........................................................................................................52

Figure: Demend projection (2010-2012E & 2015E)...............................52

Other island markets...........................................................................53

Segment overview......................................................................................53

Production...............................................................................................53

Barbados and French Antilles...............................................................54

Figure: 2005-2011E cement demand.....................................................54

Figure: 2005-2011E cement demand.....................................................55

Puerto Rico.............................................................................................55

Figure: 2005-2011E cement demand.....................................................56

Figure: Demend projection (2010-2012E & 2015E)...............................56

Cuba.......................................................................................................57

Figure: 2005-2011E cement demand.....................................................57

Trade networks and volumes.................................................................58

Outlook.....................................................................................................59

Figure: Caribbean cement demand Projection (2010, 2011E, 2015E).59

Figure: Caribbean cement demand Projection (2005, 2011E, 2015E).61

Figure: Capacity utilization....................................................................62

Next steps...............................................................................................64

Data tables..............................................................................................65

Production (2005 – 2010E, tons)................................................................65

Apparent consumption (2005 – 2010E, tons).............................................66

Imports (2005 – 2010E, tons)......................................................................67

Exports (2005 – 2010E, tons).....................................................................68

Net trade flows (2005 – 2010E, tons)........................................................69

Caribbean cement manufacturing facilities (2010).....................................70

Disclaimers.............................................................................................72