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News Indian cement demand to exceed 380Mt in 2023 financial year

Indian cement demand to exceed 380Mt in 2023 financial year

Written by Global Cement staff 31 January 2023
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India: Market research company CareEdge Research has forecast an 8 - 9% year-on-year rise in all-Indian cement demand to 380 - 390Mt throughout the 2023 financial year, which will end on 31 March 2023. CareEdge Research recorded an 11% year-on-year rise in domestic cement demand during the first eight months of the 2023 financial year, up to 30 November 2022. It attributed the growth to increased urban housing development and infrastructure activity. The market research company expects these factors to continue to drive demand growth into the final quarter of the financial year.

India produced 356Mt of cement in the 2022 financial year, up by 20% year-on-year from 296Mt in the 2021 financial year.

Last modified on 01 February 2023
Published in Global Cement News
Tagged under
  • India
  • demand
  • Consumption
  • Outlook
  • Forecast
  • Production
  • growth
  • market
  • construction
  • homebuilding
  • Infrastructure
  • GCW593

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