Thailand: demand continued to pick up

Thailand: demand continued to pick up
05 October 2009


For August, the Bank of Thailand (BoT) reported domestic cement sales volume rose to 2.1Mt, up 1.7% YoY and 7.4% MoM. This was the third consecutive month that domestic demand growth YoY was positive.

On the export side, the BoT announced that export cement sales volume dropped to 1.1Mt, down 22.2% YoY and 27.1% MoM. Nevertheless, this was better than the contractions of around 30.0% YoY in late 2008 to the beginning of 2009. For 8M09, domestic and export cement sales volumes contracted 7.0% YoY and 6.5% YoY.

This year (2009) forecasts were maintained for domestic and export cement sales volume to contract 4.0% and 6.0% YoY, as cement sales volume is poised to improve late this year, thanks to the low base in 4Q08 and the revival of real cement demand along with economic recovery.
Published under Cement News