Displaying items by tag: Import
Ultracem to build new kiln in Galapa
27 September 2024Colombia: Ultracem's general manager, Julián Vásquez, has announced plans to establish a clinker kiln in the municipality of Galapa with an investment of US$100m. This new facility aims to eliminate the need to import clinker, which is currently sourced from Turkey, Vietnam, and Spain. The kiln is expected to be operational within two years.
Vásquez said "This will give us competitive advantages and will involve increasing the workforce from the 1200 direct and indirect jobs we generate today by 20%."
Top destinations for Vietnam cement exports revealed
27 September 2024Vietnam: The Philippines, Bangladesh and Taiwan were the leading importers of Vietnamese cement and clinker in the first eight months of 2024, reports the General Department of Vietnam Customs. The Philippines imported 5.35Mt valued at US$214.3m, seeing a decline of 1.8% in volume and 12.97% in value year-on-year. Bangladesh followed, purchasing 4.18Mt worth US$133.9m, up by 5.2% in volume but down 11.4% in value compared to the previous year. Taiwan ranked third, importing 994,735t valued at US$35.5m, with decreases of 17.2% in volume and 24.5% in value year-on-year.
From January to August 2024, Vietnam's total earnings from cement and clinker exports reached US$788.8m from over 20.5Mt, marking a decrease of 3.2% in volume and 14.5% in value year-on-year.
Kyrgyz lawmaker calls for lift of cement import ban from Uzbekistan
27 September 2024Kyrgyzstan: MP Alisher Kozuyev has called for the removal of the ban on importing Uzbek cement, stating during a parliamentary committee meeting on 24 September 2024 that it would reduce prices and enhance quality for Kyrgyz consumers by increasing market competition. He argued that the current ban supports local monopolies and raises domestic cement prices. The ban was introduced three months ago and is designed to protect local manufacturers, according to officials. Nonetheless, deputy minister of economy and commerce, Choro Seyitov, warned that cheaper Uzbek cement could threaten local industries, especially in the Osh region, and risk jobs and tax revenue. Seyitov also noted that some Uzbek cement does not meet Kyrgyz standards and certification requirements, and accused Uzbek exporters of price dumping.
Poland: The Polish cement industry is under threat from increasing Ukrainian cement imports, which have risen by 106% year-on-year in the first half of 2024, according to Warsaw Business Journal. These imports, making up 91% of all cement imports into Poland, could exceed 500,000t by the end of 2024. Despite a projected 3.6% rise in domestic production to 17.2Mt, the competition from lower-cost Ukrainian cement, not subject to EU climate regulations, threatens Poland's economy and job market.
South Korea to import Chinese cement
24 September 2024South Korea: Due to high prices of cement, the government has announced plans to import Chinese cement, which is reportedly about 15% cheaper than domestically produced cement. The preparations to import it, including certification and the construction of storage warehouses, will take about two years.
Taiwan Cement Corporation halts coal imports from Russia
23 September 2024Taiwan: Taiwan Cement Corporation, one of the island's largest coal importers, will completely halt its cooperation with Russia, according to The Moscow Times. This decision exacerbates the challenges faced by Russian coal exporters, who have already seen a nearly 12% decline in exports from January to July 2024. Since spring 2023, Taiwan has purchased more than 10Mt of Russian coal, accounting for nearly 20% of the island's total coal imports.
Kyrgyzstan: 174,800t of cement entered Kyrgyzstan in the first half of 2024, more than double first-half 2023 import volumes of 83,200t. Neighbouring Kazakhstan supplied 152,000t (87%) of the total, according to data from the Kyrgyz National Statistical Committee. Central Asia News has reported that other imports originated from China, Iran and Uzbekistan.
Kyrgyzstan’s first-half cement production declined by 2% year-on-year in the period under review, to 1.3Mt. However, it grew by 10% year-on-year in June 2024. The country exported 190,000t of cement throughout the first half of 2024, all of it to Uzbekistan, down by 21% from first-half 2023 levels.
No imports into my backyard
21 August 2024A couple of stories have popped up this week regarding restrictions on cement imports. First, authorities in Taiwan have launched an anti-dumping investigation into Vietnamese cement. Secondly, and perhaps more surprisingly given its growing economy, the authorities in Kyrgyzstan are planning to ban overland imports of cement from within Central Asia. More on that later…
First, to the Far East, where Taiwan’s Trade Remedies Authority has launched an anti-dumping investigation into cement and clinker imported from Vietnam. It will assess imports covering the year from 1 July 2023 to 30 June 2024 and target seven specific Vietnamese cement producers among others. The Vietnamese companies are mandatory respondents – they will be compelled to answer investigators’ questions.
Vietnamese cement has long been among the cheapest in the region due to the country’s drive to hit production targets, rather than simply meeting demand. The situation has resulted in a vast amount of cement available for export. This, coupled to Vietnam’s long, indented coastline, makes it easy to ship cement overseas.
Even with export volumes falling by 1.2% year-on-year to 31.3Mt in 2023, around a third of Vietnam’s capacity, this is a massive volume of cement - and it’s only getting cheaper. The average export value of Vietnamese cement and clinker fell from US$46-48/t at the start of 2023 to just US$31-32/t in May 2024, a decline of 30-35%. These changes have been due, in part, to an increase in tax on clinker exports from 5% to 10% on 1 January 2023 and an anti-dumping investigation launched by the Philippines in March 2023. Falling prices and volumes represent a ‘double-whammy’ for producers, several of which have announced that they made losses in the first half of 2024. Vicem’s top management said that challenges also arose at home due to a reduced demand following limited civil engineering projects and a stagnant real estate market.
It is easy to see why Taiwanese cement producers may feel threatened by the prospect of greater volumes of cheap cement on their doorstep. Taiwan only made 4.9Mt/yr of cement in the first half of 2024. With domestic prices in the region of US$65-70/t according to Cement Network, this provides a very attractive margin of US$33-39/t for Vietnamese producers to export to Taiwan. It will be interesting to see how far the country’s authorities are willing to go to protect the country’s producers and whether any anti-dumping policies lead to further falls in the landed volumes of Vietnamese cement.
Meanwhile, 4600km to the west, Kyrgyzstan has announced that it will enforce a six-month road import ban on several types of cement including Portland cement, alumina cement and slag cement. The ban, affecting both cement and clinker, will take effect on 1 October 2024 and last for six months. According to the State Statistical Committee of Kyrgyzstan, the country saw a 76% year-on-year increase in cement imports – mainly from Iran, Kazakhstan, China and Uzbekistan - between January 2024 and May 2024. The total import volume over the five months was 125,737t. For a country that made just 1Mt over the same period, this is a major change.
The overland import ban is more of a surprise than the Taiwan / Vietnam situation, as Kyrgyzstan recently reported that the North of the country was experiencing a ‘construction boom’ and cement shortages. However, two new plants due to start production in the coming months could help the country out... unless it too would like to export its newly-developed cement production capacity.
And here we arrive at a ‘classic’ impasse. From Pakistani cement in South Africa, to price arguments in West Africa, import bans in Central Asia and Vietnamese cement in Philippines and Taiwan, more and more exporters are finding that their markets are already self-sufficient in cement, with the US perhaps the notable exception. Soon there will be nowhere left for cement to be exported to. Are we at peak cement?
Kyrgyzstan to ban road imports of cement
19 August 2024Kyrgyzstan: Starting on 1 October 2024, Kyrgyzstan will enforce a six-month road import ban on several types of cement including Portland cement, alumina cement and slag cement, according to Trend. The Chairman of the Cabinet of Ministers, Akylbek Japarov, signed the decree affecting both ready and clinker forms of these cements. According to the State Statistical Committee of Kyrgyzstan, a 76% year-on-year increase in cement imports from January - May 2024 has been reported, totalling 125,737t. These imports are predominantly from Iran, Kazakhstan, China and Uzbekistan.
Taiwan initiates anti-dumping investigation into Vietnamese cement and clinker imports
16 August 2024Vietnam: Taiwan has launched an anti-dumping investigation into cement and clinker imported from Vietnam. The Trade Remedies Authority of Vietnam announced that Taiwan's inquiry, initiated on 8 August 2024, focuses on cement and clinker with the import codes 2523.29.90.00.2 and 2523.10.90.00.3, requested by the Taiwan Cement Manufacturers Association. The investigation will assess imports from 1 July 2023 to 30 June 2024, targeting seven specific Vietnamese companies, among other exporters. The Vietnamese companies are mandatory respondents in this investigation and must engage fully by submitting the required information to the Ministry of Finance within the stipulated 20 days from initiation of the investigation.