Spanish demand down 14.8% Jan-Oct 2010
Cement consumption continues to decline and for January to October 2010 has amounted to 21Mt down 14.8% YoY, according to recent industry statistics. Spanish cement plants have had to adjust their production and are trying to cushion the fall of domestic demand by increasing exports. Accumulated annual production for the period January to October 2010 reached 22.28Mt, a reduction of 11.4 per cent compared to the same period last year. In the first 10 months of this year Spanish factories sold 3.27Mt to export markets, representing a YoY increase of 33.3%. Imports during the period were down by 25.3%, at 1.79Mt.
October figures show that cement consumption fell by 15.4 per cent to 2.17Mt for the month, versus 2.56Mt over the same period last year. Cement production was recorded at 2.40Mt, 7.4 per cent lower year-on-year. Cement and clinker exports continued to rise rapidly, reaching 0.37Mt in the month, up 30 per cent compared to the same month in 2009, while imports fell by 25 per cent to 0.146Mt. Published under Cement News
