2023 will be a difficult year for the cement industry

At the general assembly of the World Cement Association (WCA) held in London, the cost increases faced by the industry became the focus of the agenda. Making a speech at the general assembly, Emir Adıgüzel, one of the directors of WCA, said that "2023 will be a difficult year for the cement industry in the world".

Emphasizing that global cement demand is not expected to increase, but companies will have to increase their sales prices by double digits in 2023 in order to survive, WCA Director Emir Adıgüzel said, "It is not possible to meet the increasing costs in any other way". Pointing out that there are increases in cement prices in Turkey as well, Emir Adıgüzel said, "However, Turkey is still the country with the cheapest cement prices in the world despite price increases. Adıgüzel noted that the period of high demand and shortage of goods in the world for the last two years has ended. Adıgüzel said, "From now on, there is a large amount of excess capacity in the world and most of the countries are turning to export. Those who cannot export can go to capacity restriction. In a few regions such as Africa, the USA and Bangladesh, cement imports will continue with fierce competition due to the structural production deficit.

"Cement prices in Turkey are still very low"

Referring to the Turkish domestic market, Emir Adıgüzel said: "Despite price increases, Turkey is still the country with the cheapest cement prices in the world and it has been maintaining this position for many years."

Meanwhile, it has been announced that the "World Cement Association - International Cement Conference", one of the most important meetings of the global cement industry, will be held in Istanbul on 23-24 May 2023.