There is a strong rivalry In the Middle East's cement market, where some of the world's largest producers of cement reside. Ranked with China, India, and the US as the largest manufacturers of cement in the world, Iran is definitely enjoying its flourishing cement industry, despite rumors of stagnation and slight overproduction, domestically. A lot of businesses still see great promise in the country's fast growing, and definitely unstoppable economic driver.
Iran produces at least 27 types of cement, with a total average production of 75 million tons each year. The country also exports an excess of 12 million tons of cement, an essential construction material to as many as 24 countries around the world, including particularly important territories such as former Soviet states and its western neighbor, Iraq.
Iran's largest buyer of cement, Iraq is definitely one of the country's captive markets with the highest growth potential in the short and medium-terms. It has been reported that the country exports as much as 8 to 10 million metric tons of cement to its neighboring country on a yearly basis. In fact, Iran supplies almost half of Iraq's total cement material consumption (Iraq consumes some 19 million metric tons of cement, of which only 10 to 12 million are produced in the country while the rest is imported from Iran). This accounts for at least 63 percent of Iran's total annual cement export.
Iran also attracts many other importers of cement apart from Iraq, ranging from former Soviet states like Azerbaijan, Russia, Turkmenistan, Kazakhstan, Ukraine, and Georgia, which are among the primary importers and buyers of Iranian cement. In fact, Azerbaijan accounts for up to 4 percent of Iran's cement export, while Turkmenistan takes up 7 percent. The country employs the Commonwealth of Independent States (CIS) and the regional Economic Cooperation Organization (ECO) as forums to improve infrastructural and trade connections with other countries.
Iran produces at least 27 types of cement, with a total average production of 75 million tons each year. The country also exports an excess of 12 million tons of cement, an essential construction material to as many as 24 countries around the world, including particularly important territories such as former Soviet states and its western neighbor, Iraq.
Iran's largest buyer of cement, Iraq is definitely one of the country's captive markets with the highest growth potential in the short and medium-terms. It has been reported that the country exports as much as 8 to 10 million metric tons of cement to its neighboring country on a yearly basis. In fact, Iran supplies almost half of Iraq's total cement material consumption (Iraq consumes some 19 million metric tons of cement, of which only 10 to 12 million are produced in the country while the rest is imported from Iran). This accounts for at least 63 percent of Iran's total annual cement export.
Iran also attracts many other importers of cement apart from Iraq, ranging from former Soviet states like Azerbaijan, Russia, Turkmenistan, Kazakhstan, Ukraine, and Georgia, which are among the primary importers and buyers of Iranian cement. In fact, Azerbaijan accounts for up to 4 percent of Iran's cement export, while Turkmenistan takes up 7 percent. The country employs the Commonwealth of Independent States (CIS) and the regional Economic Cooperation Organization (ECO) as forums to improve infrastructural and trade connections with other countries.