Russia's cement industry will continue to face the severe challenge of shrinking demand in 2025, with all major indicators showing a negative growth trend throughout the year. According to the latest data released by the Russian Cement Association, in October 2025, the national cement output dropped to 5.4 million tons, a sharp decrease of 11.4% compared with the same period last year; the consumption in the same period was 5.6 million tons, a decrease of 10.4%. Cumulative data show that from January to October, the output was 51.4 million tons and the consumption was 53.2 million tons, down 9.6% and 9.5% respectively from the same period last year, and the pattern of weak supply and demand runs through the whole year. After
entering November, the downward pressure on the market further intensified. Monthly consumption is expected to fall by 8.6% year-on-year, and by 25.7% compared with October, the biggest monthly decline in the year. Cumulative consumption from January to November is expected to be 57.4 million tons, down 9.4% year-on-year, slightly narrower than previous October, but still in the deep adjustment range. This trend is highly consistent with the medium and long-term forecast, indicating that the overall slowdown in the construction industry has been transmitted to all aspects of the cement industry chain.
In the field of trade, the import and export of Russian cement show the characteristics of two-way growth. From January to November 2025, the total import volume of cement is expected to reach 3.6249 million tons, with a year-on-year increase of 3.7%, indicating that there is still a supply gap for low-end products or specific varieties; at the same time, the export performance is more impressive, with a year-on-year increase of 8.9% to 1.1645 million tons, reflecting that Russian cement is still competitive in some overseas markets. Railway transport data confirmed the weakness of the market, with railway traffic falling 4.9% year-on-year in November and 22.9% year-on-year in October, and logistics activity cooling down significantly.
On the whole, the Russian cement industry is in a typical cyclical downward channel in 2025. The synchronous contraction of output and consumption and the continuous reduction of the expected growth of the construction industry indicate that it is difficult for the industry to reverse its decline in the short term. Although export growth provides buffer space for some enterprises, insufficient domestic demand is still the core contradiction restricting the development of the industry, and capacity optimization and structural adjustment will become the main theme in the future.
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