Learn about actual and potential costs
How much should I pay for Cement?
What is the average price of Cement?
This procurement report includes pricing information to help you purchase Cement. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Cement been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Cement yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Cement?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Cement with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration in the cement market is high, with the top four vendors accounting for more than 65.0% of total market revenue. There are an estimated 1,800 cement suppliers in the domestic market in 2021, but the number of suppliers has been declining steadily in the past three years,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Could you provide a list of your production plant and terminal locations?
What are your packaging and transportation procedures? Do they have an impact on lead time?
Do you experience inventory or supply issues with your line of cement? How has that affected shipping times?
What are your shipping rates to my facilities? Do shipping rates vary if I need cement delivered to more than one location?
In the past three years, what percentage of your revenue has been dedicated to raw material inputs? How has that changed?
How have fluctuations in input prices affected the price of your cement in the past three years?
Do you own or lease your limestone quarries? Have those costs changed in the past three years? If so, how has that affected the price of your cement?
How diversified is your supplier base for inputs, such as aggregates? When input costs rise, are you able to source the input from a different supplier to get lower pricing?
Do you source materials with a high exposure to market disruptions resulting from the pandemic? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
What is the scope of your customer services? Do clients have access to a dedicated account manager, or is there a general support line?
How can customer service representatives be reached? What is the typical response time for each of these methods?
Do you have response time benchmarks for following up with a client or problem solving?
What is your process for dealing with customer problems and complaints? Do you have an escalation process?
Amid the widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the pandemic? What measures are you taking to handle changes in demand?
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Key elements for every RFP
What should my RFP include?
Buyers should state their total budget for the purchase.
Buyers should break down their budget for each type of cement if more than one type is being purchased.
Buyers should state how any additional costs will be handled, such as shipping and transportation.
Buyers should check the availability of the requested products from each supplier and look at back-order times for suppliers without immediate availability.
Buyers should assess the price quoted by each supplier.
Buyers should consider the product quality from each supplier.
Buyers should provide a list of key dates that pertain to the RFP process, such as the final date to submit questions and bids.
Buyers should provide a date that the product must be delivered by. If a supply contract is being signed, buyers should state the frequency of deliveries.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Despite suppliers' rising purchase costs, overall risk within the cement market's supply chain is moderate. A number of inputs are required for cement production, including coal and natural gas, limestone, clay, various other stones and minerals, and the machinery used to mine limestone quarries. The highest risk comes primarily from... Subscribe to learn more.