Russia's cement industry suffered an unusual downturn in early 2026. Industry statistics show that domestic cement consumption has fallen off a cliff, a trend that has been confirmed by data from major producers, indicating that the construction market is undergoing a deep adjustment. Data fell off a cliff
at the beginning of the year
, Cemros said, with demand in January-February 2026 plunging 25.7% year-on-year, totaling only about 4.5 million tons. The company stressed that such a large decline was rare and could not be explained by seasonal factors, which truly reflected the overall cooling of the construction industry.
Cemros attributed the decline to the residential construction sector, which accounts for 70 to 80% of total cement consumption. Developers are scaling back sharply on new offerings: the triple pressures of high financing costs, tighter mortgage terms and conservative investment strategies have combined to dampen market vitality. At the same time, imported cement continues to hit local production capacity-despite the abundant capacity of Russian factories, millions of tons of cement from Belarus, Iran and Kazakhstan continue to pour into the market, causing domestic enterprises to work less. Over
capacity crisis intensifies
in this predicament, the industry is facing a systematic decline in capacity and utilization of raw materials, and the investment space of enterprises is narrowing. Cemros estimates that the total idle capacity of the whole industry has reached about 10 million tons, and the situation may deteriorate further in 2026. The company warns that if the current trend continues, the annual demand decline may hit 20%, and the cooling period of the construction market may turn into a longer downward phase.
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