Statistics at a Glance
Portland Cement Consumption |
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Masonry Cement Consumption |
Dec 07 |
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Cement & Clinker Imports |
Jan 07 |
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| Mortgage Rates |
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Housing Starts
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Nonresidential Construction
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| Public Construction |
Feb 08 |
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Special Seminar
Market Performance
Industry Data
U.S. Market Pulse
Canadian Market Pulse
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Forecasts & Analysis:
Web Cast
Cement Outlook: 2008
Economic conditions are changing rapidly. The current PCA forecast reflects a significant
economic growth slowdown, PCA now expects 2007 cement consumption will decline 6.9% followed by a 2.2% decline for
2008.
U.S. Forecast, Spring 2008 Preliminary
A recession in the near term is likely and it may not be mild. Many economists expect a “mild” recession for 2008. PCA is not as optimistic.
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Long-Term Cement Consumption Outlook – 2008
Portland cement consumption is expected to grow 43% by 2030, reaching 183 million metric tons
and reflecting a 55 million metric ton increase comparable to 2005’s past cyclical peak level.
PCA expects the combination of sustained moderate economic and population growth will fuel
this increase.
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Canadian Forecast, Fall 2007
The sub-prime crisis that adds downside pressure to the U.S. construction, financial, and economic profile is generally not being reflected in Canada. Overall residential building construction remains weak with the formerly robust markets in the west now experiencing some softening. Pockets of support, particularly from nonresidential commercial construction and special projects, are expected to offset residential weakness. PCA forecasts portland cement consumption to grow 2.1% this year, followed by a 2.4% gain next year.
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State Forecasts
Green Building and Highway Requirements: National Perspective, May 7, 2008
During the past 25 years, investment in highways and roads has not kept pace with demographic changes. Lack of investment in highways has led to increased traffic congestion, wasted fuel, higher CO2 emissions, wasted time, and increased logistical costs to the detriment of economic growth. On-going demographic changes during the next 25 years will bring even more pressure on the highway infrastructure. Lacking accelerated investment in highways, traffic congestion will worsen leading to increases in wasted fuel, CO2 emissions, wasted time and to overall costs to the nation’s economy
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Flash Reports:
Residential Outlook: Recession Risks, Feb. 22, 2008
The United States
cement industry has announced plans to increase clinker capacity by nearly 25 million
metric tons between 2007 and 2012.
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Florida’s Cement Outlook: Recession Risks, Feb. 7, 2008
Already grim market conditions facing Florida’s cement market may worsen in 2008 and 2009. PCA believes that Florida’s economy has already entered a recession, or soon will. The housing crisis and general economic slowdown is expected to spread to nonresidential and public construction in 2008 and 2009 – adversely affecting cement consumption.
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Oil Prices: Cement Consumption Risk, Dec. 6, 2007
The Canadian dollar is creating a significant drag on Canada’s export markets. The dollar’s rise is in part due to an elevation in oil prices. Higher oil prices bring with it both some positive and negative effects into the Canadian marketplace. This fairly rapid rise in oil prices and the subsequent drag effect on the dollar has its foundations in an assessment of key factors impacting global demand and supply conditions.
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Nevada State Forecast Risks, Dec. 4, 2007
For Nevada, the boom period is over and strong-to-moderate growth may not return until 2010. Due to a large inventory overhand brought about by a high presence of speculators, Nevada’s residential market is not expected to recover until late 2009 – at the earliest. Peak-to-trough, PCA expects a 52% correction in Nevada single family construction. A slow recovery in residential construction implies a slow recovery for the state’s overall cement consumption.
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Capacity Expansion Update, September 28, 2007
While the industry has been expanding modestly during the past few years, significant
increases in capacity are expected to materialize during 2008-2012. The United States
cement industry has announced plans to increase clinker capacity by nearly 25 million
metric tons between 2007 and 2012. The aggressive capacity expansion reflects a $5.9
billion investment.
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