Bangladesh cement industry grew by 15.49% in 2018, despite being hammered by soaring raw material costs, rising interest rates, price increases for related products, overcapacity, and a weakening national currency. About 31.3 million MT of cement was consumed annually in 2018. According to the Export Promotion Bureau, Bangladesh sold cement worth US$12.59 million in FY17–18, up from US$10.79 million in revenue the year prior. With India being the primary market for cement exports, this indicates an increase in export revenues of 16.68% year over year. Bangladesh cement industry is one of the world’s fastest-growing cement industries. During the past seven years, the sector has grown at a CAGR of about 11.5%. As demand has doubled from 14.6 million MT per year to about 31.3 million MT annually.
Despite being severely impacted by increasing raw material costs, rising interest rates, price rises for related goods, overcapacity, and a weaker national currency. The cement sector in Bangladesh increased by 15.49% in 2018. In 2018, the yearly use of cement was about 31.3 million MT. Bangladesh sold cement worth US$12.59 million in FY17–18, up from US$10.79 million in revenue the previous year, according to the Export Promotion Bureau. Since India is the main destination for cement exports. This represents an increase in export earnings of 16.68% over the previous year.
Bangladesh has one of the fastest-growing cement industries in the world. Besides a CAGR of roughly 11.5% over the previous seven years as demand increased from 14.6 million MT per year to about 31.3 million. After failing to penetrate the market, two of the global cement group, UAE-based Emirates Cement and Mexico-based cement manufacturer Cemex divested their Bangladesh operations by 2016.
Market Share of Listed Companies
Because of the number of mega-projects being conducted, the amazing economic development, and the skyrocketing income levels, cement companies have recently raised their production capacity dramatically. Although there is overcapacity in the business, during peak season market demand is almost equal to the actual capacity. By 2019, the total capacity for cement manufacturing is anticipated to be over 65 million tons. However, it is anticipated that the effective capacity would be smaller owing to power supply interruptions and other limitations.
Total cement production capacity is expected to reach about 65 million tons by 2019.
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