 Cement is one of the most basic construction materials, and an essential item for the infrastructure development of the country. Mongolia is one of the world’s current economic growth leaders, and is developing rapidly. This economic expansion, spurred by growth of FAI, has resulted in a significant increase in the demand for building material. While mining, textiles, and tourism are driving exports, domestic growth is booming, spurring a need for roads, buildings, and infrastructure. With the explosion of the mining and construction industries, the demand for cement will double or triple in the next 18 months.
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The Mongolian cement market is still fairly young; its development is at a stage about twenty years behind that of the Chinese cement market. What follows are some of the current challenging trends in the Mongolian cement industry that are limiting production to below full capacity. Central Asian Cement has strategies in place to reverse these trends over the coming years.
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| Year |
Consumption
(thousand tons)
|
YOY Increase (%) |
Production
(thousand tons)
|
YOY Increase (%) |
Import
(thousand tons)
|
| 1990 |
479.3 |
|
440.8 |
|
38.5 |
| 1995 |
117.0 |
|
108.0 |
|
9.0 |
| 1996 |
121.0 |
3.42 |
106.0 |
-1.85 |
15.0 |
| 1997 |
113.5 |
-6.20 |
112.0 |
5.66 |
1.5 |
| 1998 |
116.5 |
2.64 |
109.0 |
-2.68 |
7.5 |
| 1999 |
136.5 |
17.17 |
103.5 |
-5.05 |
33.0 |
| 2000 |
106.8 |
-21.76 |
91.7 |
-11.40 |
15.1 |
| 2001 |
95.1 |
-10.96 |
67.7 |
-26.17 |
27.4 |
| 2002 |
200.2 |
110.52 |
147.6 |
118.02 |
52.6 |
| 2003 |
253 |
26.37 |
162.3 |
9.96 |
90.9 |
| 2004 |
425 |
67.98 |
160.8 |
-0.92 |
174.2 |
| 2005 |
579.4 |
36.33 |
263.18 |
63.67 |
316.22 |
| 2006 |
650.8 |
12.32 |
280.3 |
6.51 |
370.5 |
| 2007 |
1000.0 |
53.66 |
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