Cement Market in Chile
Market Overview
The Chilean cement market stood at $
in , approximately equating 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
In value terms, cement production fell modestly to $ in estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Cement production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.
in , approximately equating 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.In value terms, cement production fell modestly to $
in estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Cement production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.Consumption
Cement consumption in Chile totaled tons in , remaining relatively unchanged against the year before. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at tons in 2013; however, from 2014 to , consumption failed to regain momentum.
The revenue of the cement market in Chile was estimated at $ in , therefore, remained relatively stable 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). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
tons in , remaining relatively unchanged against the year before. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at tons in 2013; however, from 2014 to , consumption failed to regain momentum.The revenue of the cement market in Chile was estimated at $
in , therefore, remained relatively stable 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). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for cement in Chile, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total cement consumption in Chile was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Chile cement market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Chile cement market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Chile remains a net importer of cement; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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