ASEAN cement industry on the upswing
Summary: The ASEAN countries in Southeast Asia are currently one of the driving forces of the world economy, experiencing an economic growth of between 6 and 15%. Economic stimulus packages introduced by the governments of the region have resulted in relatively good prospects in the construction and cement industry. In the Philippines, for example, cement consumption rose by 9.5% in 2009 after years of stagnation. However, even the foremost cement countries of the region, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, differ greatly, each having its own particular development as regards per capita cement consumption, imports, exports, cement production capacity and utilization. This report presents the current economic data and cement figures of each country and discusses the prospects up to 2013.
Following the global economic crisis, the ASEAN countries have become a driving force for the world economy, alongside China and India. Particularly Vietnam, Indonesia and the Philippines, who are less export-dependant than the other important countries of the region and are bolstered by a robust domestic demand, achieved a thoroughly positive economic growth in 2009 (Fig. 1). Thailand, Malaysia and Singapore were also far less severely affected by the crisis than western economies. Forecasts for 2010 and the subsequent years predict impressive economic statistics for the ASEAN...