please explain each number in simple words as if presenting it to a class. how can someone understand the paragraphs below? can you discuss the present and future demands in cement market worldwide and philippine market?

1. In 2022, the size of the worldwide Cement market achieved USD 367, 045 Million. Such, the projected Compound Annual Growth Rate (CAGR) of 5.07% anticipates its future expansion. Moreover, during the forecast period, the global Cement market is poised to attain the value of USD 493, 751.53 Million.

from: https://www.linkedin.com/pulse/global-cement-market-forecast-2023-2030-get-ready-svcvf

2. The national cement production capacity in the Philippines is projected to reach 53 million tons per year in 2024, while the expected demand is 34.5 million tons; CEMAP reports that 7 million metric tons of cement were imported in 2023 despite specific anti-dumping tariffs in place

from: https://www.bworldonline.com/economy/2024/01/23/570848/cement-industry-warns-of-layoffs-amid-dumping-by-vietnam-competitors/