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Import News
11-06-2025
In 2024, the global import market for cement reached an estimated value of US$13.4 billion, based on international purchase activity.
Compared to 2020, when total imports were valued at $13.5 billion, the global spending on imported cement fell marginally by 1%. On a year-over-year basis, the market experienced a sharper contraction, with total import value down 18.2% from $16.4 billion recorded in 2023.
Cement, a crucial binding agent in concrete production, is widely used across construction projects for its setting, hardening, and adhesive qualities.
The top five countries importing the most cement by value in 2024 were the United States, United Kingdom, France, the Philippines, and the Netherlands. Combined, these nations accounted for 33.8% of all imported cement traded globally.
Looking at regional demand, Europe led the world with $4.6 billion in cement imports—about 34.2% of global imports. Asia followed with 24.5%, while North America represented 19.7% of the total market. Africa took in 12.7%, while Latin America (excluding Mexico but including the Caribbean) received 7% and Oceania, led by Australia, Papua New Guinea, and Fiji, accounted for the smallest share at 1.9%.
The standard classification for cement under the 4-digit Harmonized Tariff System (HTS) is 2523.
Top 15 Cement Importing Countries (2024)
Below are the top 15 countries ranked by their total spending on cement imports in 2024:
1.United States – $2.4 billion (18.2%)
2.United Kingdom – $563.3 million (4.2%)
3.France – $527.9 million (3.9%)
4.Philippines – $519.1 million (3.9%)
5.Netherlands – $485.3 million (3.6%)
6.Italy – $446.5 million (3.3%)
7.Bangladesh – $364.7 million (2.7%)
8.Israel – $345.1 million (2.6%)
9.Hungary – $342.2 million (2.6%)
10.Ivory Coast – $239.6 million (1.8%)
11.Singapore – $238.5 million (1.8%)
12.Australia – $212 million (1.6%)
13.Poland – $201.1 million (1.5%)
14.Hong Kong – $199.7 million (1.5%)
15.Taiwan – $197.4 million (1.5%)
Collectively, these 15 countries were responsible for 54.6% of all global cement imports in 2024.
Fastest-Growing & Declining Cement Import Markets
Among these importers, the countries that significantly increased their cement purchases from 2023 to 2024 included:
·Poland (+47.9%)
·Hungary (+45.8%)
·Italy (+22.9%)
·Taiwan (+3.3%)
Meanwhile, several countries reported sharp decreases in import volume, with the steepest drops seen in:
·Bangladesh (–47.7%)
·Australia (–20.4%)
·France (–15.9%)
·Singapore (–14.5%)
Leading Cement Importing Companies
Based on Import & Export Data provided by Tendata, the following are the top 10 cement-importing companies worldwide by market share and import value:
1.UNIQUE CEMENT INDUSTRIES LIMITED – 3.47% ($180.42 million)
2.SHAH CEMENT INDUSTRIES LIMITED – 2.66% ($138.22 million)
3.GHACEM LIMITED – 1.98% ($102.81 million)
4.CROWN CEMENT PLC – 1.79% ($93.2 million)
5.PREMIER CEMENT MILLS PLC – 1.64% ($85.17 million)
6.TORORO CEMENT LTD – 1.6% ($82.89 million)
7.PHILCEMENT – 1.59% ($82.48 million)
8.ECO CEMENT MAS ULIYATI CHEKLANGAN JAMIYATI – 1.48% ($76.9 million)
9.U K BANGLA CEMENT LIMITED – 1.14% ($59.1 million)
10.SEVEN CIRCLE BANGLADESH LTD – 1.08% ($56.15 million)
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