The cement prices in the United States for Q4 2023 reached 102 USD/MT in December. The market price dipped initially due to lowered trading volumes and reduced export volumes. The decline in manufacturing expenses, driven by cheaper natural gas and crude oil, contributed to this trend. Despite this, an uptick in consumer confidence towards the end of the quarter helped stabilize prices.

Explore IMARC’s newly published report, titled “Cement Pricing Report 2025: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cement pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

In 2024, the price of cement in the United States stood at an estimated 160 U.S. dollars per metric ton, remaining the highest it has been in recent years. Different types of cement In 2024, the United States' imports of hydraulic cement amounted to 24 million metric tons. One of the most common types of hydraulic cement is known as Portland cement. It is used in concrete, mortar, stucco, as well as grout. The U.S. produced an estimated 86 million metric tons of Portland cement and masonry cement in 2024. Cement price recovery from the great recession In 2016, cement prices finally surpassed pre-recession prices, which was about 111 U.S. dollars per metric ton the year prior to the global recession. By 2024, U.S. cement had increased further to an estimated price of 160 U.S. dollars per metric ton. The cement price per ton relies heavily on demand from the construction industry. Global cement production may reach as much as six billion metric tons by 2050. In 2023, France’s Saint-Gobain, one of the leading manufacturers of construction materials worldwide, reported sales totaling nearly 52 billion U.S. dollars.

Graph and download economic data for Producer Price Index by Industry: Cement and Concrete Product Manufacturing (PCU32733273) from Dec 2003 to Feb 2025 about cement, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Cement and Concrete Product Manufacturing was 251.58600 Index Dec 2003=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cement and Concrete Product Manufacturing reached a record high of 251.90300 in January of 2025 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cement and Concrete Product Manufacturing - last updated from the United States Federal Reserve on March of 2025.

United States - Producer Price Index by Industry: Cement Manufacturing was 353.76400 Index Jun 1982=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cement Manufacturing reached a record high of 356.65500 in January of 2025 and a record low of 28.70000 in February of 1965. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cement Manufacturing - last updated from the United States Federal Reserve on March of 2025.

In 2022, the price of cement in India reached 318 Indian rupees per bag (50 kilograms). The cement price has seen a steady increase in India since 2018.

Cement industry in India

Cement is a fundamental material used in construction and infrastructure development for it's adhesion and cohesion properties. India is one of the largest producers of cement in the world. In 2021, India produced about 335.2 million metric tons of cement in its integrated cement plants alone. India's housing and real estate sectors are the primary consumers of cement, followed by the infrastructure sector. The southern Indian states are the leading cement producing areas in the country.

Indian cement production and companies

As the demand for cement in various sectors increased over the years, cement production in India also saw an overall growth during the past few years. As of 2020, UltraTech Cement, an Indian cement company based in Mumbai, was India's largest cement production company. This company is part of the Aditya Birla Group, a global conglomerate.

In 2024, the U.S. cement market increased by 1.6% to $16.8B, rising for the fourth year in a row after two years of decline. Overall, the total consumption indicated a tangible increase from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +24.8% against 2020 indices.

At the end of fiscal year 2024, the Wholesale Price Index of cement and lime across India was over 140. This meant an increase in the WPI of about 37 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

The Cement Market is segmented by End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), by Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include new construction floor area in residential, commercial, industrial and institutional sectors; existing construction floor area, infrastructure spending, and major infrastructure projects.

In 2024, the global cement market decreased by -5.7% to $304.8B, falling for the second consecutive year after five years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $353.2B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The African cement market fell slightly to $22.5B in 2024, which is down by -4.2% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $23.5B in 2023, and then contracted modestly in the following year.

The prices of ready-mixed concrete in the United Kingdom (UK) increased by 16.36 percent in 2023. Although the cost of cement and pre-cast concrete also increased significantly that year, but the price of concrete-reinforcing bars in 2023 was over 20.9 percent lower than in 2022. These figures are an index based on the prices of 2015, which have been set at 100. This serves the purpose of showing the price evolution of this construction material.

The GCC cement market size reached 94.5 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 142.8 Million Tons by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The robust economic growth, increasing urbanization, governmental investments in mega-projects, sustainable construction practices, rising population, and the focus on affordable housing solutions are among the key factors driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the GCC cement market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on type and end use.

European Union - Producer prices in industry: Manufacture of articles of concrete, cement and plaster was 129.30 points in January of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Manufacture of articles of concrete, cement and plaster - last updated from the EUROSTAT on March of 2025. Historically, European Union - Producer prices in industry: Manufacture of articles of concrete, cement and plaster reached a record high of 129.30 points in January of 2025 and a record low of 78.80 points in January of 2005.

The global cement market reached a value of USD 403.70 Billion in the year 2024. The market is expected to grow at a CAGR of 5.40% between 2025 and 2034 to reach USD 683.07 Billion by 2034.

Graph and download economic data for Producer Price Index by Industry: Ready-Mix Concrete Manufacturing: Secondary Products (PCU327320327320S) from Jun 1981 to Feb 2025 about cement, secondary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The Asia-Pacific Cement Market is segmented by End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), by Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam). Key Data Points observed include new construction floor area in residential, commercial, industrial and institutional sectors; existing construction floor area, infrastructure spending, and major infrastructure projects.

In 2024, after three years of growth, there was significant decline in the Indian cement market, when its value decreased by -9.8% to $21.7B. In general, the total consumption indicated measured growth from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +55.7% against 2020 indices.

United States - Producer Price Index by Industry: Cement Manufacturing: Primary Products was 349.01200 Index Jun 1982=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cement Manufacturing: Primary Products reached a record high of 351.90800 in January of 2025 and a record low of 28.70000 in February of 1965. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cement Manufacturing: Primary Products - last updated from the United States Federal Reserve on March of 2025.

As of December 2024, the monthly average price of ordinary Portland cement in North Malaysia was at 23.1 Malaysian ringgit per 50 kilogram bag. The average price of cement in the country was slightly lower in the Eastern region.