Armenia cuts cement exports to Georgia and boosts imports from Iran

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Armenia: As reported by ARMINFO News (Armenia), Armenia cut its cement exports 2.5-fold to 73,000t in 2014, down from 185,200t in 2013. It also increased its imports 2.2-fold, according to the Customs Service of Armenia.

The customs cost of the exported cement fell from US$11.8m in 2013 to US$4.6m in 2014, a factor of 2.6. In 2013, cement exports grew by 36% year-on-year and imports doubled. The Ministry of Economy said that cement exports fell dramatically in 2014 as a new cement plant started up in Rustavi, Georgia. There are now three HeidelbergCement cement plants in Georgia. The country was the key consumer of Armenian cement exports.

In 2014, Armenia imported 7500t of cement for US$1.2m compared to 3400t for US$615,200 in 2013. Some 98% of the country's cement imports come from Iran.

According to the Statistical Service of Armenia, cement production fell by 0.9% in 2014 and by 1.5% in 2013, compared to 3.6% growth in 2012. In 2014, the construction sector shrank by 4.3% to US$913m. In the first quarter of 2015, the construction sector grew by a marginal 0.4%.

Last modified on 08 July 2015

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