November, December 2021
Key message: November and December imports continued the relatively low levels from October at 81kt and 43kt respectively, well off September levels of 151kt. This is a more expected outcome following supply chain disruptions.
- November and December 2021 saw imports of 80 930 tons and 42 977 tons respectively. This is a more expected outcome following supply chain disruptions.
- The 12-month rolling annual import level is 1.060m tons, up 7% on the previous 12 months. This is a high level and remains a significant competitor to local cement producers.
- We do believe that ITAC tariffs on imported cement and clinker are still more than likely given the focus of the dTi to support local industry. This would likely result in an immediate 5% at least swing in market share back to the local producers.
- There has been no news on potential tariffs and the timing and probability remains uncertain.