Italy cement market report (2011 update)

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

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

The construction sector.............8

Figure: Economy and population.........8

Construction sector.................9

Figure: Construction sector and the economy..10

Residential Market................10

Commercial Market...............11

Public Works...................11

Figure: Construction segment split.......12

Cement market.................13

Overview.....................13

Figure: Cement plant locations.........13

Competitive dynamics................15

Energy pressures................16

Figure: Fuel consumption profile (2005-2010).17

Table: Energy consumption (2005-2010)...17

Figure: Coal Prices  Northwest Europe marker price.................18

Figure: Petcoke prices (1986-2010).......19

Table: Cement groups, capacity and plants (2010)..................20

Incumbent operations...............20

Buzzi Unicem...................20

Calme.......................22

Cementir Italia.................23

Colacem.....................24

Holcim Italy....................25

Italcementi...................26

Sacci......................27

Market shares..................28

Figure: Share of nameplate capacity......28

Figure: market share, ex-imports.......29

Figure: market share, incl. imports.......30

Figure: Import share..............31

Capacity expansions...............32

Figure: Notable upgrades...........32

Demand and supply...............34

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

National......................34

Table: Consumption per capita (2005-2010)..34

Figure: 2005-2011E cement demand......35

Regional.....................35

Figure: Distribution channels  (2005-2010)...36

Demand segments...............36

Figure: Bag vs bulk Distribution  (2005-2010).37

Cement types...................38

Figure: Cement types produced  (2005-2010)..39

Figure: Cement types produced  (2005-2010)..40

Cement prices.................40

Figure: Material prices (Jan 2009 – Mar 2011).....................41

Cement supply...................42

National......................42

Figure: 2005-2010E annual cement production.....................42

Regional.....................42

Jan – May 2011..................43

Figure: Cement production (Jan 2011 – May 2011)..................43

Figure: May YTD 2011 vs. 2010 cement production..................44

Seasonality....................44

Figure: Production seasonality (2005-2010)..45

Production capacity...............46

Figure: Southern region production share....46

Figure: Northwestern region production share.47

Figure: Northeastern region production share.47

Figure: Central region production share.....48

Figure: Island region production share.....49

Figure: 2010 production capacity utilization by region.................50

Import and export activities............50

Figure: Cement imports and exports......51

Exports.....................51

Figure: Cement exports: product types and evolution.................52

Figure: Cement export countries........53

Imports.....................53

Figure: Cement exports: product types and evolution.................54

Figure: Cement import countries........55

Outlook......................56

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

Figure: Apparent cement demand projection (2005-2015)................57

Figure: Growth in apparent cement demand (2006-2015)...............58

Next steps....................59

Data tables...................60

Supply-demand balance (2005 – 2010E, mm tons)....................60

Imports by cement type (2005 – 2010E, tons)...61

Cement import countries (2005 – 2010E, tons)..62

Exports by cement type (2005 – 2010E, tons)..63

Cement export countries (2005 – 2010E, tons)...64

Table: Cement plants by group and region....65

Table: Capacity by cement plant (2010)......67

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Jul 2011