In this piece, we will take a look at the five largest cement producing countries in the world. If you want to take a detailed look at trends in cement industry and find out about more countries, then head on over to 20 Largest Cement Producing Countries in the World.
5. Republic of Türkiye
Cement Production in 2021 (million tons): 76
The Republic of Türkiye is a European and Asian country. It has a $1 trillion economy and a GDP per capita of $11,932. Turkey has a diversified economy, made up of advanced sectors such as car manufacturing, banking, textiles, and construction. Turkey also has one of Europe’s largest airports, the Istanbul International Airport. Not to mention, the country also has dozens of large bridges and tunnels. Its economic hub Istanbul is littered with high rise buildings, and the overall strength of its infrastructure shows why Turkey ranks high in our list of the countries that produce the most cement.
4. United States of America
Cement Production in 2021 (million tons): 92
The United States of America, or the U.S., is the world’s largest economy. America is also one of the oldest countries in the world that has had skyscrapers. While it has lost the crown of having the highest number of high rise buildings to China, it still has a vibrant construction industry particularly as most of the American infrastructure is quite old and requires an overhaul. The American construction industry is worth trillions of dollars, and it has large, privatized firms in nearly every segment such as real estate and infrastructure.
3. Socialist Republic of Vietnam
Cement Production in 2021 (million tons): 100
The Socialist Republic of Vietnam is an Asian country that is one of the most populous regions in the world. It has a $449 billion economy, and its location and cheap labor is leading Vietnam to play a crucial role in the global technological decoupling. This decoupling is seeing U.S. firms shift their manufacturing away from China due to geopolitical tensions, and Vietnam is often the backup location for most firms such as Apple’s manufacturing partner Foxconn. Vietnam is also the world’s largest cement exporter.
2. Republic of India
Cement Production in 2021 (million tons): 330
The Republic of India is one of the largest economies in the world, with a GDP of $3.7 trillion in nominal terms. However, due to its large population, India’s GDP per capita is quite low and it sits at $2,601. India is also one of the fastest growing economies, also evidenced by its high position in our list of the world’s top cement producers.
1. People’s Republic of China
Cement Production in 2021 (million tons): 2,5000
The People’s Republic of China is the second largest economy in the world. Despite this, it has a fast growth rate and is rapidly investing in infrastructure and development. The troubled Chinese real estate sector, fueled by massive amounts of debt, has also led to ghost cities in the country where countless apartment blocks stand vacant.
Disclosure: None. You can also take a look at 10 Technology Dividend Stocks Billionaires Are Loading Up On and Military Spending by Country in 2023: 20 Largest Defense Budgets.
