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.

1 Introduction

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...

Related articles:

Issue 11/2011

Western Europe’s cement industry facing changes?

1 Introduction The market prospects for Western Europe’s construction industry are actually not so bad. Even though Euroconstruct’s market researchers expect that growth in construction investment...

more
HEIDELBERGCEMENT AG

HeidelbergCement subsidiary Italcementi completes acquisition of Cementir Italia

On 02.01.2018, HeidelbergCement subsidiary Italcementi completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the...

more
Issue 04/2013

Unlimited growth potential in Indonesia

1 Introduction With its estimated 241 million inhabitants, Indonesia has the fourth largest population in the world. A master plan for accelerating the country’s economic growth recently adopted by...

more
Issue 7-8/2019 ONESTONE CONSULTING LTD.

Outlook on ASEAN’s cement industry

1 Introduction The Association of Southeast Asian Nations, or ASEAN, comprises ten countries, which, in their Vision 2020, agreed on living in peace, stability and prosperity, bonded together in...

more
Issue 7-8/2019 ONESTONE CONSULTING LTD.

Outlook on ASEAN’s cement industry

1 Introduction The Association of Southeast Asian Nations, or ASEAN, comprises ten countries, which, in their Vision 2020, agreed on living in peace, stability and prosperity, bonded together in...

more
Issue 7-8/2013

Cement markets in the BRIC countries and other emerging countries up to 2030

1 Introduction The BRIC countries Brazil, Russia, India and China lost some of their shine in 2012. Fund managers are now arguing about who has the best proposal regarding the countries that will...

more