Cement Net Exclusive: Optimistic Estimate: Cement Demand Will Drop to 1 Billion Tons in the Next Ten Years

2024-08-19 10:54:23

Ma Weiping pointed out that over the years, China's per capita annual cement consumption has been around 1500 kilograms, and the current domestic actual market demand has been unable to maintain such a high cement consumption. In recent years, the demand for cement has been declining. In the next 10 years, cement demand will continue this trend. Ma Weiping said: "Referring to the per capita annual cement consumption of 400 to 500 kilograms in developed countries, we are still far away from them."

What is the trend of cement demand in

the next 10 years? Ten years later, what will be the probability of cement demand in China?

Recently, China Cement Network communicated with Dr. Ma Weiping, former chairman and president of Yaobai Cement Group. Ma Weiping said that in ten years, the probability of cement demand will drop to about 1 billion tons.

Ma Weiping pointed out that over the years, China's per capita annual cement consumption has been around 1500 kilograms, and the current domestic actual market demand has been unable to maintain such a high cement consumption.

In recent years, the demand for cement has been declining. In the next 10 years, cement demand will continue this trend.

Ma Weiping said: "Referring to the per capita annual cement consumption of 400 to 500 kilograms in developed countries, we are still far away from them."

"Even if it drops to 1 billion tons, we still have 700 kilograms per capita, which is still higher than others, so this is an optimistic estimate." Ma Weiping pointed out.

All can be viewed after purchase
Correlation

The agreement is effective from January 1, 2025 and lasts for three years until December 31, 2027. According to the agreement, CNBM will provide comprehensive cement kiln co-processing services and related support services to the Company. As CNBM holds a 50% equity interest in Haijian Hong Kong, a subsidiary of the Company, the renewed transaction constitutes a continuing connected transaction of the Company.