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Cement Trade Statistics Dashboard March 2024

Despite cement imports showing a 4 percent y-y decline in March 2024, to 98 664 tons, imports breached the 1 million ton mark over a 12-month period in February 2024, reaching the highest level since end 2021. A total of 306 531 tons were imported during the 1st quarter of 2024, mainly from Vietnam, but also coming in from Namibia and Mozambique, an increase of 50 percent y-y compared to the same quarter in 2023. The custom value (or FOB price) averaged R843/ton during the first three months, translating to R42/50kg, relatively unchanged from 2023. Since 2017 the local producers have lost close to R10bn in revenue due to the impact of imports. Imports from Namibia and Mozambique rose 42 percent and 145 percent y-y respectively over the last 12 months entrying the country via Skilpadsnek and Kompatipoort, representing around 7 percent of total cement imports compared to less than 4 percent in 2022.

Clinker imports, mainly from United Arab Emirates via Port Elizabeth, more than doubled during the 1st quarter of 2024 (an increase of 128 percent y-y) to 108 657 tons, also at the highest level over a 12-month period since 2022. Over 334 000 tons of clinker have been imported over the 12-months up to March 2024.

 

 

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