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News Displaying items by tag: demand

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Eagle Materials raises revenues in the first quarter of the 2026 financial year

30 July 2025

US: Eagle Materials reported revenues of US$635m in the first quarter of the 2026 Fiscal Year (FY2026), up by 4% year-on-year. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA), however, fell by 4%, to US$215m. Its net earnings fell by 8%, to US$123m.

In its gypsum business, the company noted ‘steady’ single-family residential construction demand amid a ‘less clear’ interest rate environment. Revenues rose by 1%, to US$251m, and net earnings remained level year-on-year, at US$102m. Gypsum wallboard sales volumes rose by 4%, to 72.8Mm2, while prices dropped by 3%, to US$2.50/m2. During the quarter, Eagle Materials commenced the purchase of equipment for its upcoming Duke, Oklahoma, gypsum wallboard plant upgrade and expansion.

Michael Haack, president and CEO, said "Eagle had a solid start to FY2026. Against the current backdrop of ongoing macroeconomic and policy uncertainty as well as adverse weather conditions across many of our markets, our portfolio of businesses continued to perform well, and our end markets remained resilient.”

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USGS publishes first-quarter 2025 gypsum data

29 July 2025

US: The United States Geological Survey (USGS) has published its first-quarter 2025 gypsum market data, showing a 9% year-on-year decline in domestic gypsum wallboard deliveries, to 574Mm2. The data did not include figures for gypsum wallboard production. Gypsum wallboard exports rose by 30% to 24.8Mm2, 23.8Mm2 (96%) of which went to Canada. Imports totalled 21.4Mm2, up by 6%, 20.5Mm2 (96%) of which came from Mexico.

The US produced 4.96Mt of natural gypsum during the quarter, down by 1% year-on-year from the first quarter of 2024. Imports remained level at 1.7Mt. Spain supplied 680,000t (40%), Canada 527,000t (31%) and Mexico 425,000t (25%).

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Kazakhstan government to suspend gypsum wallboard imports

15 July 2025

Kazakhstan: The government of Kazakhstan will impose a three-month ban on imports of gypsum wallboard from 22 July 2025.

Interfax Central Asia News has reported that Kazakhstan produced 35.5Mm2 of gypsum wallboard in 2024, corresponding to 77% utilisation of its 46Mm2/yr capacity. Domestic demand was 38.8Mm2.

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North America gypsum board market expects 2.6% annual growth up to 2032

16 February 2024

North America: Market research firm IMARC Group has forecast a composite annual growth rate (CAGR) of 2.6% in the North American gypsum wallboard market between 2024 and 2032. It attributed the anticipated growth to rising regional levels of construction activity, amid increasing urbanisation. Additionally, it expects gypsum wallboard to remain its market share within the building materials segment, as a cost-effective, easy-to-use product for both residential and commercial construction applications.

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US gypsum wallboard consumption falls slightly in 2023

01 February 2024

US: National consumption of gypsum wallboard dropped by 4.3% year-on-year to 2.51Mm2 in 2023, according to United States Geological Survey (USGS) data. Demand for natural gypsum was 45Mt, up by 3% from 43.7Mt in 2022. The market imported 8.1Mt of gypsum throughout the year, up by 18% year-on-year.

Domestic production of crude gypsum in the US dropped by 1.3% year-on-year in 2023, to 22Mt. Exports grew by 15% to 45,000t.

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US gypsum board product sales fall in the first half of 2023

30 August 2023

US: Data from the United States Geological Survey (USGS) show that the sale of gypsum board products fell by 5% to 1.25Bnm2 in the first half of 2023, from 1.31Bnm2 in the same period in 2022. The total supply of crude gypsum grew by 9% to 20.4Mt. Notably, supplies of imported and synthetic gypsum increased in the reporting period. However, the USGS noted that on a quarterly basis “...variances are often the result of differences in weather conditions, which can impede or encourage construction activities, coupled with market demands that are often driven by residential and commercial building activity. Use of uncalcined gypsum remained stable, but consumption of calcined gypsum fell by 33% to 7.86Mt, due to reduced utilisation in board products. Spain, Canada and Mexico remained the main sources of import of crude gypsum. However, imports from Türkiye more than doubled to 195,000t.

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US gypsum wallboard production drops in first quarter of 2023

02 June 2023

US: The US gypsum wallboard industry produced 623Mm2 of gypsum wallboard during the first quarter of 2023, down by 1% year-on-year and by 1.2% quarter-on-quarter. The industry exported 20.1Mm2 of gypsum wallboard in the quarter under review, corresponding to 19% year-on-year growth. Canada received 19Mm2 of the product, 94% of total exports for the quarter.

United States Geological Survey (USGS) data show 4% year-on-year growth in US gypsum wallboard imports. The country imported 23Mm2 during the year, 20.9Mm2 (91%) of it from Mexico and 1.84Mm2 (8%) from Canada. Total calcined gypsum consumption was 4.66Mt in the US in the first quarter of 2023, up by 9.9% year-on-year from 4.24Mt in the first quarter of 2022.

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Saint-Gobain to expand Yangzhou gypsum wallboard plant

13 April 2023

China: France-based Saint-Gobain will commence a capacity expansion of its Yangzhou, Jiangsu, gypsum wallboard plant in mid-late 2023. China Daily News has reported that producer expects to commission the expanded plant in 2024.

Asia-Pacific regional CEO Ludovic Weber said that the project is a response to ‘soaring’ demand in Eastern China. Saint-Gobain currently operates four gypsum wallboard lines across the country.

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Housing demand in New Zealand falls by 20% year-on-year

11 April 2023

New Zealand: Gypsum wallboard producer and construction firm Fletcher Building has reported a 20% year-on-year drop in domestic housing demand during the first quarter of 2023. The Australian newspaper has reported that the company attributed the decline to ‘soaring’ interest rates in the country. It now expects to sell 800 residential units in 2023, 20% below its previous expectation of 1000 units. Fletcher Building said that building materials costs rose by 5 – 10% between 2020 and 2022, due to ‘higher input and commodity costs’ in production.

CEO Ross Taylor said that Fletcher Building faces labour shortages in its civil construction business, but maintained a strong order pipeline. Taylor said “It won’t drive an uptick in volumes but it will underpin the volumes in the next three to four years.”

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Saint-Gobain increases sales in 2022

24 February 2023

France: Saint-Gobain recorded sales of Euro51.2bn during 2022, up by 16% year-on-year from Euro44.2bn in 2021. The group reported that its sales volumes fell by 1.3% year-on-year. It nonetheless recorded growth in revenues of 9.2% in Northern Europe, 8.2% in Southern Europe, the Middle East and Africa, 33% in the Americas and 19% in Asia-Pacific.

During the year, Saint-Gobain made Euro3.8bn-worth of divestments, including of its Polish and UK distribution businesses, and Euro1.9bn-worth of new acquisitions.

CEO Benoit Bazin said “In an unsettled geopolitical, energy and macroeconomic environment in 2022, the group once again delivered record results. The group’s profile has been profoundly optimised: one-third of the group’s scope has changed in the past four years and over 60% of our earnings now come from North America and emerging countries." Bazin continued "I am confident that 2023 will be a good year for Saint-Gobain. Our roadmap is clear: disciplined execution of the Grow & Impact strategic priorities, leveraging the strength of our operating model against the backdrop of a slowdown in new construction but good resilience in renovation."

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