“After decades of growth, cement consumption has hit a wall. On current
trends, we may never return to the peak 4.4 billion metric tons that was
produced in 2021, even as India, Southeast Asia and Africa continue to
industrialize and urbanize. China has driven the global cement market for
three decades, and still accounts for […]
The post Declining Cement Consumption Signals Economic Maturity appeared
first on Human Progress.
https://humanprogress.org/declining-cement-consumption-signals-economic-maturity/View article
View summary
#^Declining Cement Consumption Signals Economic Maturity“After decades of growth, cement consumption has hit a wall. On current trends, we may never return to the peak 4.4 billion metric tons that was produced in 2021, even as India, Southeast Asia and Africa continue to industrialize and urbanize. China has driven the global cement market for three decades, and still accounts for nearly half of output. But its boom is now well and truly over, with further yet to fall.
Output has already slumped almost 30% since 2020, according to data released Monday, and CSCI Pengyuan, a credit-rating company, expects it will decline for the sixth year in a row in 2026…
With most commodities — energy, for instance, or copper or plastics — consumption keeps growing as income rises, before hitting a plateau at developed-economy levels. Cement, however, drops off a cliff once a country industrializes. Per-capita cement emissions — a decent proxy for output — are about the same in the upper-income UK as they are in low-income Burkina Faso and Syria. Those in Albania and Cambodia are about three times what they are in the US.”
From
Bloomberg.
The post
Declining Cement Consumption Signals Economic Maturity appeared first on
Human Progress.
