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.

Building materials made of copper had some of the highest price growth rates in the U.S. in December 2024 in comparison to the previous year. The growth rate of the cost of many construction materials was much lower than in 2023. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to the inflation trends in the U.S. at that time, the price growth rate of construction materials in the UK were generally lower 2023 than in 2022. Nevertheless, the cost of some construction materials in the UK still soared that year, with several of those items reaching price growth rates of over 10 or even of over 14 percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

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.

In the fiscal year 2023, the Japanese construction cost deflator for buildings stood at 123.6 index points, increasing from 121.2 points in the previous year. The construction cost deflator is a weighted index estimating the inflation-adjusted price development of construction in Japan, considering expenditures for materials, labor, and investment. What are features of the construction cost deflator? Since 1951, the government has been compiling a deflator for construction costs. It helps, for example, to determine contract prices for public works like roads. Today’s version includes various sub-indices, such as the one for buildings; they may be residential or non-residential, and their structural frames may be either wood, steel, or reinforced concrete. While the deflator considers all of Japan, other price indices give more detailed insight into specific buildings, materials, and regions. Rising energy-prices have spilled over to materials Japan has not been spared by recently inflating energy prices. Accordingly, the domestic construction industry is monitoring the monthly construction material price index. Unlike the deflator, it also provides regional-specific data, showing that although inflation impacted all materials throughout the country, some materials and places were more affected than others. In Tokyo, cement prices have increased by over 42 points since fiscal year 2021 – in Osaka, by around 50.

The producer price index of concrete products in the United States increased by over 10.95 percent in 2023 in comparison to the previous year. During the past decade, the price of concrete products grew significantly. While the index was valued at 210.8 in 2011, that figure reached 366 in 2023.

In 2023, concrete blocks and bricks were the construction materials with the highest price increase in Canada. The average price of that product was over 15.6 percent higher in 2023 than in the previous year. Meanwhile, the price of lumber and other sawmill products decreased in 2023, after its price soared in 2020 and 2021. Due to inflation, supply chain disruptions, and other problems, the price for most construction materials increased very significantly in 2021 and 2022.

After three years of growth, the Cuban market for building blocks and bricks of cement, concrete or artificial stone decreased by -6.2% to $X in 2021. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.9% against 2017 indices. Consumption of peaked at $X in 2020, and then fell in the following year.

Czech Republic CZ: PPI: Domestic: Mfg: NM: Cement, Lime & Plaster data was reported at 176.600 2021=100 in Jan 2025. This records an increase from the previous number of 172.300 2021=100 for Dec 2024. Czech Republic CZ: PPI: Domestic: Mfg: NM: Cement, Lime & Plaster data is updated monthly, averaging 93.900 2021=100 from Jan 2000 (Median) to Jan 2025, with 301 observations. The data reached an all-time high of 180.800 2021=100 in Mar 2023 and a record low of 85.400 2021=100 in Jan 2015. Czech Republic CZ: PPI: Domestic: Mfg: NM: Cement, Lime & Plaster data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Czech Republic – Table CZ.Eurostat: Producer Price Index: 2021=100: Domestic.

European Union PPI: EA 19: Mfg: NM: Cement, Lime & Plaster: Line & Plaster data was reported at 165.900 2021=100 in Aug 2024. This records an increase from the previous number of 165.500 2021=100 for Jul 2024. European Union PPI: EA 19: Mfg: NM: Cement, Lime & Plaster: Line & Plaster data is updated monthly, averaging 87.800 2021=100 from Jan 2002 (Median) to Aug 2024, with 272 observations. The data reached an all-time high of 171.700 2021=100 in Mar 2023 and a record low of 62.600 2021=100 in Jan 2002. European Union PPI: EA 19: Mfg: NM: Cement, Lime & Plaster: Line & Plaster data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.I006: Eurostat: Producer Price Index: 2021=100.

The Mexican market for ready-mixed concrete and factory made mortars amounted to $27.2B in 2024, approximately equating the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.9% 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 +3.1% against 2021 indices.

Portugal PT: PPI: Mfg: NM: Articles Concrete, Cement & Plaster data was reported at 132.300 2021=100 in Jan 2025. This records an increase from the previous number of 131.700 2021=100 for Dec 2024. Portugal PT: PPI: Mfg: NM: Articles Concrete, Cement & Plaster data is updated monthly, averaging 86.800 2021=100 from Jan 2005 (Median) to Jan 2025, with 241 observations. The data reached an all-time high of 132.300 2021=100 in Jan 2025 and a record low of 78.700 2021=100 in Jan 2005. Portugal PT: PPI: Mfg: NM: Articles Concrete, Cement & Plaster data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Portugal – Table PT.Eurostat: Producer Price Index: 2021=100.

In 2021, the Cuban concrete tile market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.3% against 2018 indices. Concrete tile consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

In 2024, the Europe market for building blocks and bricks of cement, concrete or artificial stone increased by 16% to $11.1B for the first time since 2021, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $12.6B.

In 2024, the Cote d'Ivoire's market for ready-mixed concrete and factory made mortars increased by 1.6% to $1.9M for the first time since 2021, thus ending a two-year declining trend. In general, consumption recorded a prominent increase. Consumption of peaked at $2.7M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

Ornamental and building stone was one of the construction materials in Sweden with the highest annual price change rates in 2023. The second type of material in this list with the highest price hike that year was ceramic sanitary fixtures, as their cost increased by nearly 20.7 percent from 2022 to 2023. The producer price of ready-mixed concrete in Sweden grew by ten percent in 2023. Meanwhile, the cost of sawn and planed wood fell by 18.8 percent that year, after an increase of over 61 percent in 2021. Metal products had the largest construction material price increases in Germany in 2022.

The Cuban concrete reinforcing wire rod market soared to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a pronounced expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Sweden SE: PPI: Domestic: Mfg: NM: ACP: Concrete data was reported at 117.700 2021=100 in Jan 2025. This records an increase from the previous number of 117.000 2021=100 for Dec 2024. Sweden SE: PPI: Domestic: Mfg: NM: ACP: Concrete data is updated monthly, averaging 70.300 2021=100 from Jan 1990 (Median) to Jan 2025, with 349 observations. The data reached an all-time high of 123.400 2021=100 in Mar 2023 and a record low of 38.700 2021=100 in Jan 1990. Sweden SE: PPI: Domestic: Mfg: NM: ACP: Concrete data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Sweden – Table SE.Eurostat: Producer Price Index: 2021=100: Domestic.

Construction Output Price Indices (OPIs) from January 2014 to December 2024, UK. Summary.