Thailand’s cement: improved sales volume in January

Thailand’s cement: improved sales volume in January
Published: 03 March 2010

For January, cement demand improved further in both the domestic and export markets. The Bank of Thailand (BoT) reported domestic cement sales volume rose to 2.2mn tons, up 5.4% YoY.

This was the eighth consecutive month that domestic demand growth YoY was positive. Meanwhile, Thailand’s export cement sales volume increased to 1.2mn tons, up 21.5% YoY, growing for the second consecutive month. Domestic cement sales are estimated to grow 9.0% YoY in 2010 after dropping 2.4% YoY in 2009, powered by a revival in private investment growth together with accelerating public investment growth.

Meanwhile, export cement sales are set to grow 4.0% YoY in 2010, after dropping 5.1% YoY in 2009, fuelled by the global economic recovery. In 1Q10, high season for the domestic market and low base in the export market will underpin cement demand.