Lebanon Cement Market Shipment Analysis
Lebanon Cement Market registered a growth of 63.13% in value shipments in 2021 as compared to 2020 and a decrease of -19.03% CAGR in 2021 over a period of 2017. In Cement Market Lebanon is becoming less competitive as HHI index in 2021 was 7252 while in 2017 it was 5584. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Lebanon has reportedly relied more on imports to meet its growing demand in Cement Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Cement Market in 2021 was 11.43 while in 2017 it was 27.24. France, Spain, , and were among the top players of the market in 2021, where France acquired the largest market share of 83.55% with a shipment value of 0.05 million USD in 2022 France also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Cement Market. In 2017 France had the largest market share of 71.67% with the shipment value of 0.07 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although France offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Lebanon Cement Market in 2017.
