Q1 2022 & FY 2021 Results
LEADING TO A
POSITIVE OUTLOOK,
DRIVEN BY AN
FORECAST CEMENT CONSUMPTION
IN ALL GCC U.S. MARKETS (MMT) 1
4yr CAGR
+2.9%
28.5
EXPECTED INCREASE
1.2%
2018
IN INFRASTRUCTURE
SPENDING
FORECAST TOTAL U.S. CEMENT
CONSUMPTION (MMT)²
GCC
4yr CAGR
+1.6%
107.1
105.9
101.7
99.7
32.0
96.3
30.5
31.1
31.1
6.9%
2.2%
3.6%
4.1%
2.0%
1.2%
2.0%
3.0%
1.5%
2019
2020
2021
2022E
2018
2019
2020
2021
Total Consumption
2022E
A% as previous year
U.S CEMENT DEMAND WILL OUTPACE SUPPLY BY 2022, IMPORTS WILL BE A CRITICAL SOURCE OF SUPPLY
120
112
104
96
88
80
2017
2018
2019
2020
2021E
2022E
2023E
2024E
Sources: U.S. DOT Federal Highway Administration, PCA, and DBA | PCA Fall 2021 Forecast Analysis | 2 PCA Spring 2022 Forecast
U.S Annual Cement
Consumption (mmt)
Annual Cement Capacity
(mmt)
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