Forecasts
2010 Forecast Release Dates
U.S. Forecast, Fall 2009
PCA expects 2009 will represent this recession’s trough for United States’ cement consumption – reflecting a 26.3% decline from weak 2008 levels. Unfortunately, the gains in cement consumption for next year are expected to be meager and probably back-ended. This implies current harsh conditions facing the industry will persist through 2010 and beyond.
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Canadian Forecast, Fall 2009
Global recessionary toll on Canada’s primary industries, commodities markets, and its primary trading partners have left a distressing mark on the Canadian economic landscape. Unlike prior recessions, no province was immune and extraordinary monetary and fiscal strategies were required to stem the tide of economic adversity. PCA’s forecast suggests a cement demand decline of nearly 19% this year. However, some fragile optimism is now reflected in the forecast for 2010-2011.
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Long-Term Cement Consumption Outlook, October 22, 2009
United States’ cement consumption is expected to decline to 75 million metric tons in 2009, compared to near record levels of 128 million metric tons recorded in 2005. This decline reflects current economic adversities impact on cement consumption. With economic recovery, cement consumption is expected to reach nearly 192 million metric tons in 2035.
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International Report, June 17, 2009
The current economic distress is global. World cement consumption is expected to decline 1.7% in 2009 to 2.65 billion metric tons from 2.7 billion metric tons in 2008. Given time, massive government stimulus plans coupled with aggressive monetary policy actions are expected to stabilize economic conditions among developed economies and lead to modest growth in cement consumption in 2010.
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Reports